EGM of CUBE.ITG's shareholders will decide about increasing its capital in the range of authorized capital, by the amount of not more than 5 641 106 PLN through issuance not more than 2 820 553 shares. New shares will comprise maximum 26,9% of written up capital. Management's Board authorization to increase the company's seed capital and to issue new shares should be given till 31st December 2017.

Emission of shares is necessary for the company to settle the acquisition transaction of ITMED Ltd. company, and partly Data Techno Park, where ITMED has 65,23% of shares. According to the acquisition agreement announced by CUBE.ITG on December 2014, overtaking will take part in stages. CUBE.ITG has paid 8,2 million PLN in cash for 49% of shares. The next step is the transaction, which will be accounted for new shares of CUBE.ITG. It was written in the agreement, that for 754.800 shares of listed company for issue price of 5 PLN CUBE.ITG will take another 17% in ITMED. The last stage of the takeover will be selling 34% of shares in ITMED for 7,55 million PLN, which will be accounted for new shares of CUBE.ITG S.A. The transaction, according to the agreement made on December, might be accomplished till the end of 2017.

In the project of resolution done on the EGM concerning providing the Management Board of CUBE.ITG an authorization for performing an increase of the seed capital within the authorized capital was written, that it will facilitate the company to win financial assets for the development in an optimal way, thus making a possibility for the Management Board to perform efficiently. In addition, The Management Board of the company, using the authorization to increase the seed capital within the authorized capital, will be able to adjust the date and size of emission to the actual market conditions and the company's needs.

Finalization of the acquisition will let the Group increase a lot the scale of activity not only in the range of services for the medical sector, but also in the range of offering services based on own infrastructure. The effect of those activities will be increased revenues of the Group.

- Thanks to the merger with ITMED Ltd., which was crucial for our strategy, we will increase the capabilities of our group not only in the medical sector, but also in services based on the infrastructure connected with data processing, offered for corporate clients - says Jacek Kujawa, Chairman of the CUBE.ITG's Board. - Thanks to that transaction, CUBE.ITG will be able to work actively within adjusting healtcare units to the requirements of carrying the electronic medical documentation, which is a part of an implementation of IT solutions for healthcare, and which will come into force from August 2017. Together with present services it will let us offer a complex packet of services and products for the medical sector - summarize the Chairman Jacek Kujawa.

Data Techno Park is an owner of the data centre, partly equipped with equipment and software in the range of provision e-health services in SaaS model, and in the area of commercial clients sector. Data centre is one of the biggest object of this style in Central Europe. Its area consists of 5000 m2, including circa 1300 m2 of the server area. Data Techno Park has already first agreements with healthcare units, for which back-up services are provided, and there is an intense work in progress to win the next ones.


The Extraordinary General Meeting of the company will take part on 2nd March 2015 at 11 AM in CUBE.ITG's office in Warsaw, on Aleje Jerozolimskie 136 Street.

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