M&A Activity • Jun 12, 2019
M&A Activity
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Current report (12/2019)Orange Polska S.A. - Warsaw, Poland12June 2019(translation of Polishversion)title:Closing ofpurchase transaction by Orange Polska of 100% shares in BlueSoft sp. zo.o.
Pursuant to Art. 17 clause 1 of the Regulations (eu) no 596/2014 of theEuropean Parliament and of the Council of 16 April 2014 on market abuse(market abuse regulation) and repealing Directive 2003/6/EC of theEuropean Parliament and of the Council and Commission Directives2003/124/EC, 2003/125/EC and 2004/72/EC ("MAR Regulations"), theManagement Board of Orange Polska S.A. ("Orange Polska") herebyannounces that on June 12, 2019, Orange Polska and and Tokajami Limitedand Wellchosen Investments Limited, have concluded a final agreement forthe sale of 100% shares ("the Shares") in BlueSoft sp. z o.o. On thesame day the ownership of all the Shares has been transferred to OrangePolska.
The terms of Shares' purchase by Orange Polska were publicly announcedin a current report 10/2019 on 29 April 2019 and have not changed.Payment made today amounted to PLN 147 million. The remaining part willbe settled before the end of 2022 and will be based on achieving certainfinancial targets of BlueSoft in 2019 and 2020 as well as on meetingcertain other legal conditions.
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