GPW - Giełda Papierów Wartościowych w Warszawie S.A.

M&A Activity • Jan 16, 2018

Topic: Information on a decision to sign memorandum of understandingconcerning Centrum Giełdowe real estateContent:The WarsawStock Exchange ("Company" or "GPW") announces that on 16 January 2018,has decided to sign together with Krajowy Depozyt Papierów WartościowychS.A. ("KDPW"), a memorandum of understanding with Centrum Bankowo -Finansowe "Nowy Świat" Spółka Akcyjna ("CBF"), the majority shareholderof Centrum Giełdowe SA ("CGSA").In thememorandum of understanding, the parties express their intent toinitiate talks and negotiations in order to develop a detailed solutionresulting in potential divestment of shares of CGSA by CBF or theacquisition by GPW and KDPW of the real estate of Centrum Giełdowelocated in Warsaw on 4 Książęca Street "Centrum Giełdowe" currently heldby CGSA.GPW, KDPW and CGSA are owners, co-owners or perpetualusers of real property located in Centrum Giełdowe. Centrum Giełdowe isa 8-storey building with a total area (office and common) ofapproximately 35 078 sq m. The area is owned by respectively: GPW: 36%,KDPW: 22%, and CGSA: 42%. In the Centrum Giełdowe building, among othersheadquarters of the GPW, KDPW and their subsidiaries are located.Theparties of the memorandum of understanding are also CGSA shareholdersand own respectively:• CBF - 111 600 shares of CGSA, representing59.49% of the share capital of CGSA,• GPW - 46 506 shares of CGSA,representing 24.79% of the share capital of CGSA,• KDPW - 29 494shares of CGSA, representing 15.72% of the share capital of CGSA.Theimplementation of the provisions of the memorandum of understanding maybe conditional on the approvals of the corporate bodies of each of theparties required under their articles of association, in particularsubject to relevant future decisions of the GPW Management Board and therequired corporate approvals, including the approval of GPW'sshareholders. No such decisions and approvals have been issued to date.Legalbasis: Article 17 (1) of Regulation (EU) No 596/2014 of the EuropeanParliament and of the Council of 16 April 2014 on market abuse (marketabuse regulation) and repealing Directive 2003/6/EC of the EuropeanParliament and of the Council and Commission Directives 2003/124/EC,2003/125/EC and 2004/82/EC (EU Legal Journal L 173) ("MAR").