Current report 9/20172017-03-17

Current report no. 9/2017 (17.03.2017)


Conclusion of Memorandum of Understanding with the company DOBRE HOLDINGS (Namibia)

Legal basis:

Art. 17 sec. 1 Market Abuse Regulation


The Management Board of URSUS S.A. hereby informs that on the 17th March 2017 the Issuer concluded with the company DOBRE HOLDINGS with the seat in Windhoek (Republic of Namibia) a Memorandum of Understanding (MoU) on commercial and industrial cooperation.

The intention of the Memorandum of Understanding is to establish a long-term commercial and industrial cooperation between the Parties related to production and assembly of tractors, agricultural machines and implements, as well us buses and special vehicles under the URSUS brand.

On the basis of the MoU the Parties confirmed their willingness to carry out common activities aimed at development, production of components, sales, distribution, service and marketing of the above-mentioned products on the market of the Republic of Namibia and other mutually agreed African markets.

The Parties expect that their cooperation shall contribute to acceleration of development of the agriculture of the Republic of Namibia, up to the European standards.

URSUS S.A. and DOBRE HOLDINGS intend to conclude a specific agreement for execution of their common projects, of which the Issuer will inform in subsequent current reports.

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