ESPI 4/2021 Signing a significant investment agreement–an update

Management Board of IMS S.A. (“The Issuer”), with reference to the current report No. 34/2020, informs that on 29 January 2021 a foreign investor paid up to the bank account of the subsidiary Closer Music Sp. z o.o. the amount of EUR 140 thousand for 4.9% of shares, thus implementing the investment agreement signed on 21 December 2020. The funds raised will be used for the production of further high quality music and activities in Western Europe aimed at commercialising Closer Music’s libraries.

The Board of Directors of the subsidiary will take the necessary formal steps in the coming days to register the share capital increase by the newly issued shares.

Recommended Posts