Management Board of IMS S.A. (“Issuer”) announces that on 26th November 2025, its subsidiary Closer Music Sp. z o.o. (“CM”) has signed a significant commercial agreement (“Agreement”) with a well-known international clothing brand with a global reach for comprehensive music services for the brand’s retail outlets. The Agreement covers a premium service for the customer’s locations. Under the agreement, the customer receives a dedicated music programme for their stores and, for a separate fee, has the option of using Closer Music’s music databases on digital channels and social media via the Closer Music online platform. The estimated (non-binding) number of locations served during the 12-month term of the agreement is 1,500. Over 90% of the above-mentioned locations are outside Poland. The agreement is significant both in terms of the estimated number of subscription locations and the annual revenue generated. The agreement is subject to a condition precedent, which is a trial period in selected locations during the first two months of the agreement (December 2025 – January 2026), during which the customer may terminate the Agreement. After the trial period, the Agreement automatically becomes a 2-year fixed-term agreement. The Agreement is automatically extended for a further fixed term of twelve months, unless either party effectively delivers a written notice of termination of the Agreement to the other party at least thirty days before the expiry of the Agreement. Such renewal (prolongation) of the Agreement shall be repeated after each consecutive period of the Agreement.
Apart from the great benefits related to the generated revenue and profit from the contract, in the Issuer’s opinion, the aforementioned contract is also very important due to the fact that another large international player has appreciated the quality of CM’s music content and the professionalism of the services provided.