INFORMATION ON COMPANY DEVELOPMENT PLANSpolaris_stable_admin
The new management’s strategic goal is to reposition the company and turn it into an Information Technology company, providing competitive and innovative solutions, based on artificial intelligence, complex hardware and software developments.
For the purpose of this reposition, the management has set up a new business line,, focusing on technological advisory activity, using the management’s professional experience and business network. The revenue from this activity will cover the current costs of functioning.
Secondly, the basic strategy for Ark Royal SA is to find an appropriate target IT company that can be an asset (i.e. in-kind contribution) to Ark Royal against shares newly issued in the framework of a share capital raising in Ark Royal SA.
We are in the process of negotiating with target companies, analyzing product and solution portfolios and the professional competencies of potential colleagues. The management wants to make a decision by the end of November 2019.
In order to attract people who can support the company in implementing the strategy through a business and personal network, Mr. Gergely Bárdos, the main shareholder, has obliged to selling 7,877,720 shares to three people. These people are entitled to purchase shares for PLN 0.06-0.07 per share over the next year.
The General Meeting of Shareholders will be held by the end of the year. The Management Board will present proposals for ordering the Company’s statute and a project to increase the share capital related to the acquisition of the selected entity.