The Board of Directors of Play Communications S.A. (the “Company”) hereby announces that on 21 September 2020, the Board of Directors became aware that Iliad S.A. (the “Bidder”), with the intermediation of Société Générale S.A. Oddział w Polsce and Santander Bank Polska SA – Santander Brokerage, announced a tender offer to subscribe for the sale of 254,225,491 (say: two hundred fifty four million two hundred twenty five thousand four hundred ninety one) ordinary bearer shares in the Company, for the price of PLN 39 (thirty nine zlotys) per share, entitling the holder thereof to 100% of the overall number of votes at the general meeting of the shareholders of the Company (the “Tender Offer”).

The Tender Offer was announced pursuant to Article 6(1) of the Luxembourg Law of 19 May 2006 on Takeover Bids in connection with Article 90a section 2 of the Act of 29 July 2005 on public offering, the conditions governing the introduction of financial instruments to organised trading, and public companies and in compliance with the Ordinance of the Minister of Finance of 14 September 2017 on the forms of tender offers to subscribe for the sale or exchange of shares in a public company, the detailed procedures of the announcement thereof, and the conditions for acquiring shares pursuant to such tender offers.

The full text of the Tender Offer, delivered to the Company by the Bidder, which has also been published in Polish with the intermediation of the Polish Press Agency (Polska Agencja Prasowa), is attached hereto.

The position of the Board of Directors of the Company regarding the Tender Offer will be published by the Company in the form of a separate current report.

Legal basis: Article 17 point 1 MAR

Attachments:

Tender Offer Document

Tender Offer Document (PDF)   

Tender Offer - with CSSF amendments (PDF)