Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

ASM Group S.A. Regulatory Filings 2024

Dec 11, 2024

5510_rns_2024-12-11_01ad7d6f-b6b0-48f0-803e-bb7fdb53bc4e.html

Regulatory Filings

Open in viewer

Opens in your device viewer

Report Content The Management Board of MBF Group SA, based in Warsaw (the "Company",the "Issuer"), announces that today it has learned that the Issuer hasobtained positive certification under the procedures required to gainaccess to a commodity exchange (the "Exchange"). The Exchange isoperated by a European institution specializing in the organization ofcommodity trading, providing security of transactions and extensivetrading opportunities for participants from various countries.

In preparation for participation in Exchange trading, the Company willstill undergo the required stages of accreditation, the procedure forwhich began immediately upon receipt of a positive decision. Access tothe Exchange's trading system and the ability to offer and purchasegoods from eastern markets should significantly improve the Company'scompetitive position. The Issuer's Management Board explains that theCompany will have the opportunity to participate in electronic tradingsessions in which various lots of agricultural products are negotiated.This trading is carried out using dedicated software that allows forreal-time bidding and negotiation.

According to the Company, thanks to positive certification and access tothe Exchange, the Issuer will have the opportunity to offer agriculturalproducts not only in the European Union market, but also in othercountries interested in the commodity. Special emphasis will be placedon the purchase and trade of refined and unrefined oils (sunflower,rapeseed, soybean), which opens up new export opportunities. The Companywill announce the completion of the accreditation procedure and fullaccess to the Exchange in a separate ESPI report.

The Issuer decided to publish information on the above event due to thefact that it affects the Company's future financial, property andeconomic situation.