BLACK ONYX INVESTMENTS LTD and WJA INVESTEMENTS LTD. signed a letter of intent to acquire Presco Investments Ltd. from YOLO S.A. (WSE:YOL) on November 20, 2017. As on December 11, 2017, BLACK ONYX INVESTMENTS LTD and WJA INVESTEMENTS LTD. signed deal to acquire and partially completed the acquisition of 70% stake in Presco Investments Ltd. from YOLO S.A. (WSE:YOL) for preliminary consideration of PLN 12.9 million. The final price is to set until December 31, 2017. As on January 22, 2018, YOLO S.A. concluded another contract to sell its remaining 30% stake in Presco Investments Ltd. to BLACK ONYX INVESTMENTS LTD and WJA INVESTEMENTS LTD for PLN 5.5 million. As reported, YOLO S.A. will sell 300 shares in Presco Investments at a price of PLN 18,416.60 per share. Out of the total purchase price of PLN 5.5 million, PLN 2.5 million will be paid by BLACK ONYX INVESTMENTS LTD and WJA INVESTEMENTS respectively halfway, within 14 days of signing this agreement. The remaining amount of PLN 3 million secures potential operational and financial risks related to Presco Investments Ltd. and the agreement. If such risks do not materialize until August 31, 2018, amount will pay the deferred payment amount within 7 business days from August 31, 2018. In case of materialization of risks by August 31, 2018, BLACK ONYX INVESTMENTS LTD and WJA INVESTEMENTS have the right to deduct any outflow cash from Presco resulting from the materialization of the above risks from deferred payment amount. The transfer of the ownership of the shares to BLACK ONYX INVESTMENTS LTD and WJA INVESTEMENTS will take place when BLACK ONYX INVESTMENTS LTD and WJA INVESTEMENTS inform Presco Investments Ltd. about the conclusion of the agreement and thereby the acquisition of a specified number of shares, no later than 3 days from the date of signing the agreement. BLACK ONYX INVESTMENTS LTD and WJA INVESTEMENTS LTD. cancelled the acquisition of Presco Investments Ltd. from YOLO S.A. (WSE:YOL) on November 20, 2018.