Finalization of the process of exercising a put option to sell shares in Sferia S.A.

Date: 
22 Apr 2009

The Management Board of Cyfrowy Polsat S.A. (Company), informs that due to the finalization of the process of exercising a put option to sell shares in Sferia S.A., of which the Company informed in the current report number 13/2009 dated 13 March 2009,  on 21 April 2009 the Company sold  350,000 shares in Sferia S.A. to Polaris Finance B.V., an entity appointed by Mr. Zygmunt Solorz-Żak as  an executer of an option agreement. Shares were sold for the price of PLN 53,725,884.87 (the price of acquisition of PLN 53,396,000 increased by an interest of 5.5% calculated from 11 March 2009 to 21 April 2009).

Legal grounds: § 56 point 1 passage 1 Act on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organized Trading, and Public Companies dated 29 July 2005.

Attached files: 
Category: 
Report Number: 
20/2009
Last updated 10/21/2014