With reference to current report no. 14/2019 dated 25 June 2019, the Board of Directors of Play Communications S.A., (the “Company”) hereby reports than on 19 August 2019 (“Closing Date”) P4 sp. z o.o. (“Play”), a wholly owned subsidiary of the Company, has entered into Promised Share Purchase Agreement in connection with the process of acquisition of all shares in the company 3S Spółka Akcyjna with its registered office in Katowice ("3S") and indirect acquisition of all shares in all subsidiaries of 3S, (hereinafter the "Transaction") as all conditions precedent to the Transaction have been fulfilled and therefore, the Transaction has been closed.
The selling parties were Ambrosia CEE Holding S.à r.l. (part of Polish Enterprise Fund VII, a private equity fund managed by Enterprise Investors) and three founders (minority shareholders).
Total Enterprise Value of 3S and its subsidiaries (the “3S Group”) is EUR 96 million (PLN 410 million), while Equity Value is EUR 78 million (PLN 333 million). Acquisition was financed from own cash and financing available to Play.
The payment for the 3S Group shares as well as the transfer of shares took place at the Closing Date of the Transaction.
The acquisition of 3S Group does not change Play's guidance for 2020 dividend paid based on 2019 results.
Art. 17, point 1 MAR – inside information.