The first tranche of the share buy-back
The Management Board of MAGNA POLONIA Spółka Akcyjna (“Company”), acting under Article 56(1)(1) of the Act on Public Offering,
hereby informs that on 4 April 2016, the Management Board of the Company adopted a resolution on the first tranche of the share buy-back (Resolution No. 02/04/2016).
The first tranche of the share buy-back (“First Tranche”) will be carried out under the following conditions:
- the Company’s own shares will be purchased by way of an announcement of a public offer to buy back shares through Bank Zachodni WBK S.A. (“Offer“), not being a call within the meaning of Article 72 et seq. of the Act of 29 July 2005 on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organised Trading, and Public Companies,
- the Offer will be announced on 5 April 2016,
- the Offer will be addressed to all shareholders of the Company,
- the starting date for receiving offers for sale of shares of the Company’s shareholders: 13 April 2016,
- the closing date for receiving offers for sale of shares of the Company’s shareholders: 22 April 2016,
- the expected date of the settlement of the purchased shares: 27 April 2016,
- the maximum number of shares that may be acquired by the Company under the First Tranche: 180,000 (one hundred eighty thousand) shares,
- the share purchase price: PLN 2.60 (two zlotys and sixty groszes),
- the total amount intended for the purchase of shares under the First Tranche: PLN 468,000.00 (four hundred sixty-eight thousand zlotys),
- if there are placed offers for sale of a higher number of shares than the maximum, the offers will be reduced proportionately.
Mirosław Janisiewicz – President of the Management Board
Tom Ruhan – Vice-President of the Management Board
4 april 2016