Management Board of IMS S.A. (“Company”, “Issuer”) announces that on 8 April this year The Company signed a letter of intent regarding the Aroma Project. The Aroma Project relates to intellectual property rights and a prototype of a state-of-the-art device for the provision of aromamarketing services, developed by the Issuer. A party to the letter, in addition to the Company, is an investor with experience and know-how in the commercialisation of various types of products and services. Among other things, the investor held management positions in large international organisations for many years. Commercialisation of the Aroma Project will take place mainly on foreign markets, with a much greater potential than the Polish market. The parties to the letter will form a company in which IMS will acquire a majority stake, i.e. shares representing at least 51% of the share capital and the total number of votes, while the investor will acquire a minority stake, i.e. shares representing at least 44% of the share capital and the total number of votes. The IMS shares will be acquired in exchange for a contribution in kind in the form of intellectual property rights to Project Aroma. The investor’s shares will be acquired in exchange for a cash contribution of PLN 0.8 million, necessary to fund the development and commencement of commercialisation of the Aroma Project. In addition, until 31 December 2025, depending on the Company’s needs, the investor will provide the company with loans in a further amount of up to PLN 0.5 million to implement the Aroma Project.
The detailed terms and conditions of the Company’s investment and operation will be set out in the investment agreement, which is expected to be signed by 30 June 2024 at the latest.