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TROPHYRES (TPR): Conclusion of the agreement on sale of the subsidiary

The Board of Directors of TrophyResort Nyrt. („the Company”) informs that on November 19, 2015 the Company signed an agreement with Agroprofil Plus D.O.O located in Croatia on sale of The Company’s subsidiary ÖRSÉG MEDICAL CENTER Kft. (“the Subsidiary”). The value of the transaction amount to HUF 1.236.000.000 (EUR 3.987.096; 1 EUR = 310 HUF).

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The intention of the sale of the Subsidiary was to simplify the structure of the business. The transaction will have not any negative influence on the Company’s business activity as the Company plans to continue operating in the field of activity related to providing wellness, health and medical services to its customers.

The change of the consolidated company structure does not have any negative effect that of the Company, as it took and takes further measures to integrate both the covenanted partnership agreements of the Subsidiary, acquire new ones to provide new cash-flow, the repurchase of all of the medical related fixed assets and the transfer of the relevant EU-projects all are in progress.

The Company therefore does hold its forecast including the revenues from medical services.

Before the transition TrophyResort Nyrt. has formed capital group that consisted of two companies – TrophyResort Nyrt. - parent company and ŐRSÉG MEDICALCENTER Kft. - subsidiary, which was owned in 100% by the parent company TrophyResort Nyrt. After the transaction the Company does not form a capital group.

Legal basis: § 3, subparagraph 2 point 1 of the Exhibit 3 (Current and Periodical Information in the Alternative Trading System on the NewConnect Market) to the Alternative Trading System Rules.



Osoby reprezentujące spółkę:
Petronella Öregné Kocsis - Chairman of the Board of Directors

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