Current report no. 11/2019
Monday, May 27, 2019
“Conclusion of a significant agreement”
The Management Board of CI Games S.A. with its registered office in Warsaw (“Company”) hereby informs on conclusion of distribution agreement concerning “Sniper Ghost Warrior Contracts” (“SGWC”) with Koch Media GmbH with its registered office in Höfen, Austria. Today the Management Board of the Company received the confirmation that the other party signed the abovementioned agreement.
The subject of the agreement is distribution of SGWC game (introduction to sale on exclusivity terms) on the territory of Austria, Germany, Switzerland, Benelux countries, Italy, Spain and Portugal.
The provisions as well as terms and conditions of the abovementioned agreement do not differ from provisions and terms and conditions being in use for this kind of agreements.
The distribution agreement with Koch Media GmbH is a crucial distribution agreement concerning SGWC game from among those that the Company has already signed, due to the territory it covers, volume of games this agreement concerns and the amount of potential revenues of the Company. The Company has concluded distribution agreements concerning sale of SGWC on physical carriers covering all major sales markets for SGWC, with the exception of Japan and South Korea where the Company has been carrying out commercial negotiation and where it has already received first offer. The distribution of SGWC on the United States market will be carried out directly by a subsidiary – CI Games USA Inc. – that will also be managing the distribution of SGWC in Canada and in South America markets.
The Company’s Management Board found it reasonable to classify this information as confidential within the meaning of art. 17(1) of the MAR Regulation.
Legal basis: art. 17(1) as read with 7(1) of the Regulation of the European Parliament and of the Council (EU) no. 596/2014 of April 16, 2014, concerning market abuse regulation (MAR).
Marek Tymiński – President of the Management Board