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Current report number 26/2023 from the June 29, 2023.
The Management Board of the company under the name VIGO Photonics Spółka Akcyjna with its registered office in Ożarów Mazowiecki at ul. Poznańska 129/133, 05-850 Ożarów Mazowiecki, entered into the Register of Entrepreneurs of the National Court Register by the District Court for the Capital City of Warsaw in Warsaw, 14th Commercial Division of the National Court Register under KRS number 0000113394, NIP 527-020-73-40, REGON 010265179, with share capital: PLN 729,000.00 fully paid up
(hereinafter referred to as the "Company"), in reference to the ESPI Current Report No. 25/2023 of June 13, 2023, in which it was announced that the Extraordinary General Meeting of the Company was convened for July 10, 2023 (hereinafter the "General Meeting"), hereby informs about the cancellation of the General Meeting.
The subject of the General Meeting planned by the Management Board of the Company was to increasing the Company's share capital by issuing series F shares in order to raise additional funds for the Company to support further development of its core business as well as initiatives aimed at scaling up the Company's operations, including development of sales structures, development of infrared detector matrix technology, and as well as photonic integrated circuit (PIC) technology, including the initial phase of the IPCEI ME/CT project. Information on the European Commission's decision approving the amount of state aid for the Company's project implemented as part of the integrated European project IPCEI ME/CT "Important Projects of Common European Interest in Microelectronics and Communication Technologies" was provided by the Company in Current Report No. 22/2023 of June 9, 2023.
The reason for the cancellation of the General Meeting is the submission by a shareholder of the Company of a request to cancel the convened General Meeting and to convene another General Meeting at a later date in order to enable the current shareholders to make an in-depth analysis of the Company's long-term financing strategy, with particular emphasis on the financial needs resulting from the evelopment of the existing business and related joining the IPCEI ME/CT project, as well as clarifying with
the Company the role of the current shareholders in the implementation of the Company's long-term financing strategy.
The Management Board of the Company recognizes that the decision of the General Meeting regarding the increase of the Company's share capital should be made after the present shareholders have made the above-mentioned analysis. Considering the above and for the good of the Company, the Management Board decided to accede to the shareholder's request to cancel the General Meeting.
The Management Board indicates that it will convene the Extraordinary General Meeting again, which will be announced in a separate current report and on its website.
