Current report no. 6\/2019<\/p>\n
May 15, 2019<\/p>\n
Confidential information<\/p>\n
\u201cTermination of a significant agreement\u201d<\/p>\n
The Management Board of CI Games S.A. with its registered office in Warsaw (\u201cCompany\u201d) hereby informs that today it has submitted a statement on the termination of the agreement concluded with Defiant Studios LLC (\u201cDefiant\u201d), about the conclusion of which the Company informed in the current report no. 18\/2018 of June 4, 2018 (\u201cAgreement\u201d).<\/p>\n
The statement on termination of the Agreement was submitted due to Defiant\u2019s improper performance of the stage of work (Milestone 11), the so-called Vertical Slice, which is crucial in the light of the Agreement, in the quality expected by the Company, specified precisely in the Agreement \u2013 despite three times calling on Defiant to improve the quality of this stage of work.<\/p>\n
By the date of submission of the said statement of termination of the Agreement, the Company has fully met all the payments for all the works accepted from Defiant, in accordance with the rules set forth in the Agreement.<\/p>\n
The Company has data and project documentation, including the source code, for the game \u201cLords of the Fallen 2\u201d. The Company intends to continue work on \u201cLords of the Fallen 2\u201d through the Company\u2019s internal studio with the support of external subcontractors (outsourcing).<\/p>\n
Legal basis: art. 17(1) in conjunction with art. 7(1) of the Regulation of the European Parliament and of the Council (EU) No. 596\/2014 of April 16, 2014,<\/p>\n
concerning market abuse (MAR).<\/p>\n
Marek Tymi\u0144ski \u2013 President of the Management Board<\/p>\n","protected":false},"excerpt":{"rendered":"
Current report no. 6\/2019 May 15, 2019 Confidential information \u201cTermination of a significant agreement\u201d The Management Board of CI Games S.A. with its registered office in Warsaw (\u201cCompany\u201d) hereby informs…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,79,52],"tags":[],"class_list":{"0":"post-57072","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-current","7":"category-current-2019","8":"category-reports"},"_links":{"self":[{"href":"https:\/\/cigames.com\/en\/wp-json\/wp\/v2\/posts\/57072","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cigames.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cigames.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cigames.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cigames.com\/en\/wp-json\/wp\/v2\/comments?post=57072"}],"version-history":[{"count":0,"href":"https:\/\/cigames.com\/en\/wp-json\/wp\/v2\/posts\/57072\/revisions"}],"wp:attachment":[{"href":"https:\/\/cigames.com\/en\/wp-json\/wp\/v2\/media?parent=57072"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cigames.com\/en\/wp-json\/wp\/v2\/categories?post=57072"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cigames.com\/en\/wp-json\/wp\/v2\/tags?post=57072"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}