GPW - Giełda Papierów Wartościowych w Warszawie S.A.

Major Shareholding Notification • Jun 11, 2018

Current Report No. 23/2018Date: 11 June 2018Legal basis: Article17(4) of MAR - delayed disclosure of inside informationTopic:Disclosure of delayed inside information concerning sale of shares of anaffiliateContent:The Management Board of the Warsaw StockExchange ("GPW" or "Company"), acting on the basis of Article 17 (1),(4) and (7) of Regulation of the European Parliament and of the Council(EU) 596/2014 of 16 April 2014 on Market Abuse (Market Abuse Regulation)and repealing Directive 2003/6/EC of the European Parliament and of theCouncil and Commission Directives 2003/124/EC, 2003/125/EC and2004/72/EC ("MAR") in connection with the cessation of indications ofdelay of inside information, hereby discloses these inside informationconcerning sale of shares of an affiliate ("Inside Information of 8June") to the public information.Content of the insideinformation which was delayed on 8 June 2018 according to Article 17(4)of MAR:"Further to Current Reports: No. 6/2018 from 23 March 2018,No. 7/2018 from 23 March 2018 and No. 13/2018 from 23 April 2018, theWarsaw Stock Exchange ("GPW") informs that on 8 June 2018 in relation toIPO process, the distribution of shares of the affiliate Aquis Exchange("Aquis","Issuer"), in which GPW held 20.31% of voting and economic rights, tookplace. Therefore GPW will sell on admission on the 14th June shares ofAquis at the price GBP 2.69 per share, giving the value of the sale ofAquis shares owned by GPW at 12.396.327 GBP gross."On 11of June 2018, the Company decided to publish the delayed insideinformation due to the termination of the premises to further delayinformation.In the opinion of the Management Board, immediatedisclosure of the Confidential Information could have adversely affectedthe legitimate interest of the Company by negatively impactingactivities related to the finalization of the IPO process, including thepotential negative impact on the business partner's interests and theIssuer whose shares were the subject of the sale transaction, includingthe competitive position of the Issuer.At the same time, the Companyindicates that the delay in disclosing the above information does notmislead the public and also indicates that it has made all efforts toensure the confidentiality of the information.According to thecontent of art. 17 sec. 4, third paragraph of MAR Regulation, theCompany will inform the Polish Financial Supervision Authority about thedelay in disclosing the confidential information in question bysubmitting written explanation about meeting the conditions specified inart. 17 sec. 4 points a) - c) of MAR Regulation immediately after thepublication of this report.Legal basis: Article 17(4) ofRegulation of the European Parliament and of the Council (EU) 596/2014of 16 April 2014 on market abuse (market abuse regulation) and repealingDirective 2003/6/EC of the European Parliament and of the Council andCommission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC (EUOfficial Journal L 173) ("MAR").