Legal basis: Article 17 sect. 1 of the MAR - confidential information.
Subject: Information on making a write-down
The Management Board of VRG SA with its registered office in Kraków ("Company") informs that on August 3, 2021, a decision was made to make an impairment loss for PLN 9,211,596.00. The decision was made after analysing and reviewing and recognizing the impairment of inventories covering: inventories of raw materials for the production of clothing products, inventories of clothing products intended for sale in the wholesale channel, and inventories of commercial goods and finished goods.
The impairment loss will be recognized in the Company's financial statements for the first half of 2021.