With reference to current report no. 19/2020 dated 22 April 2020, the Board of Directors of Play Communications S.A., (the “Company”) hereby reports that on 6 August 2020, P4 sp. z o.o. (“Play”), a wholly owned subsidiary of the Company, has entered into Final Share Purchase Agreement in connection with the process of acquisition of all shares in Virgin Mobile Polska sp. z o.o. (“VMP”) (hereinafter the “Transaction”) as all conditions precedent to the Transaction have been fulfilled.
Acquisition price on a cash and debt free basis amounted to EUR 13.4 million (PLN 59m) and is subject to certain closing accounts adjustments.
The transfer of shares took place on 9 August 2020 (Closing of the Transaction). Acquisition was financed from own cash and financing available to Play.
Legal basis: Art. 17, point 1 MAR – inside information.