The Management Board of TOYA S.A. (“Issuer”) informs that on 15 February 2017, the Issuer entered into an agreement with Mr. Jan Szmidt concerning the transfer from Mr. Jan Szmidt to the Issuer of property rights to the works used by the Parent Company in the YATO, Vorel and FLO trademarks in accordance with the resolution no. 4/2017 of the Extraordinary General Meeting of Shareholders of the Parent Company dated 12 January 2017 regarding granting of consent to the conclusion with Jan Szmidt of the agreement (about which the Company informed in the current report no. 2/2017 dated 12 January 2017) and the Supervisory Board resolution no 2/RN/2017 dated 13 February 2017 on granting of consent to the conclusion of the agreement as well as an agreement to transfer the right of protection.
At the same time, pursuant to § 4 of the Agreement, on 15 February 2017 the Issuer entered into an agreement with Mr. Jan Szmidt on the transfer of protection rights to the trademark registered in the European Union Intellectual Property Office under the number 015230006, after obtaining the prior approval of the Supervisory Board on 13 February 2017, expressed in Resolution No 2/RN/2017.
The agreement is an important agreement because it governs the use of copyright in accordance with the principles established by the parties to the Agreement and comprehensively organizes the copyright of the property rights to the works indicated in it.
The terms of the agreement for the transfer of protection rights to a trademark registered in the European Union Intellectual Property Office under no. 015230006 do not entail financial obligations for any of the parties to the contract, provide no contractual penalties, and do not depart from the terms commonly used for such contracts.
Legal basis: Article 17, paragraph 1 of the Regulation of the European Parliament and of the Council (EU) No 596/2014 of 16 April 2014. on market abuse (the Regulation on market abuse), and repealing Directive 2003/6 / EC of the European Parliament and of the Council and Commission Directive 2003/124/EC, 2003/125/EC and 2004/72/EC (Dz. U. EU. L. 2014. No. 173, p. 1, as amended.
Grzegorz Pinkosz
President of the Management Board