With reference to current report No. 16/2025 of 11 July this year, in connection with report No. 6/2024 of 28 February 2024, the Management Board of IMS S.A. (“Company”, “Issuer”) announces that on 26 September 2025, Closer Music Sp. z o.o. (“Closer Music”) signed an annex concerning the continuation and extension of cooperation with a well-known international retail chain (“Partner”). The annex extends the cooperation until the end of 2026. During 2026, due to the constant increase in the number of the Partner’s subscription locations, the price per location will change. However, considering the number of locations serviced by Closer Music, which is growing month by month and will reach approximately 2,100 by the end of 2025, the value of the contract in 2026 will not change significantly compared to 2025 and will continue to represent a very significant value in terms of generated revenue. In addition, Closer Music is actively working to expand its cooperation to include the Partner’s international locations (the total number of the Partner’s locations is approaching 5,000).
In the opinion of the Issuer’s Management Board, the key issues in extending the cooperation with the Partner were the high quality of Closer Music’s music libraries and their 100% legality.