Legal basis: Art. 17 sec. 1 Market Abuse Regulation - confidential information

The Management Board of VIGO Photonics S.A. ("Company", "Issuer") informs that today a non-binding letter of intent ("Letter of Intent") was concluded concerning the acquisition by the Company of assets of a manufacturer of infrared detectors ("Acquired Assets"). The Company reserves the right to change the structure of the potential transaction from an asset purchase to a stock purchase, or any other structure, following its due diligence.

The business of the company selling the Acquired Assets consists of the design, production and sale of infrared detectors within American, Asian and European markets, to customers from the industrial, scientific and arms sectors.

According to the Letter of Intent, the Company has the exclusive right to purchase the Acquired Assets for 90 days with three twenty-day extension options provided the Company is meeting certain milestones towards the completion of the acquisition, and its final terms will depend and are conditioned upon, among others, satisfactory completion of the Company’s due diligence and obtaining the required corporate consents. The Company will communicate further activities related to the implementation of the Letter of Intent in appropriate reports.

The Company is analyzing potential methods of financing the acquisition of the Acquired assets, which may include the use of the Company’s own funds, obtaining debt financing, or issuing new shares. The potential acquisition of the Acquired Assets is an element of the Strategy for 2021–2026, about which the Issuer informed in the current report No. 12/2021 on 16.06.2021, including primarily the geographical expansion on the American market.