2014-09-02 – Current report – 22/2014
Liquidation of the Issuer’s subsidiary in Canada
Current report no.: 22/2014
Issuer’s trading name: CI GAMES S.A.
Subject:Liquidation of the Issuer’s subsidiary in Canada
Legal basis:Art. 56 sec. 1 point 1 of the Act on Public Offerings – confidential information
The Issuer’s Management Board announces that on September 2, 2014 it received a decision from Canada’s Ministry of Finance regarding consent for liquidation of one of the Issuer’s subsidiaries: City Interactive Canada Inc., based in Ontario, Canada. The company had not been engaged in operating activities for some time due to the fact that distribution in both Americas is now coordinated by the Issuer’s U.S.-based subsidiary and the Parent – CI Games S.A. Given a lack of economic and operational justification for maintaining an office in Canada, the Management Board of CI Games S.A. decided to close down the company.