At 6 of July 2020 the Ordinary General Meeting adopted the report on the Company’s activities and the financial statements of 2019.
In accordance with the strategy announced before, to reposition the company and turn it into an Information Technology company, after months of professional and takeover negotiations, the Ordinary General Meeting decided to issue 55.000.000 P-series registered shares in exchange for the in-kind contribution in the form of 100% of shares in Industrial Intelligence Kft. (IAI).
With this decision Polaris IT Group SA holds 100% in Industrial Intelligence Kft., and this company holds 100% of share in iSRV Zrt (ISRV). IAI does not conduct activities activities generating sales revenue, whereas ISRV is currently the company in the Polaris IT Group that conducts the largest scale of operation.