The Management Board of Cyfrowy Polsat S.A. (the “Company”) announces that on 29 February 2016 Polkomtel sp. z o.o. (“Polkomtel”), an indirect subsidiary of the Company, announced a tender offer to purchase 503,124,060 shares of Midas S.A. (“Midas”), representing up to 34.0025% of the total number of votes and the share capital of Midas (the “Tender Offer”). The Tender Offer was announced pursuant to Article 74 Section 1 of the Act on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organized Trading, and Public Companies of 29 July 2005. The Tender Offer is not subject to any conditions. The price of the Midas shares in the Tender Offer has been set for PLN 0.81 (eighty one grosz) for one share of Midas. Unless extended or abbreviated, the subscription period for the Midas shares in the Tender Offer will last from 21 March 2016 to 19 April 2016.
The full text of the Tender Offer was published on the PAP website.
Legal basis: Article 56 Section 1 Clause 1 of the Act on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organized Trading, and Public Companies.
Current report no. 8/2016 309.14 KB
