MIDAS SA The Management Board of Midas S.A. (the "Company") announces that on March 4, 2016 the Company received the notification from Polkomtel sp. z o.o. ("Polkomtel") prepared pursuant to Article 69a Section 1 Item 3 in conjunction with Article 69 Section 1 Item 1 of the Act on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organized Trading, and Public Companies of July 29, 2005 (consolidated text: Dz. U. of 2013, item 1382, as amended) (the "Public Offering Act") of indirect acquisition ("Indirect Acquisition") of 976,542,690 shares in the Company, accounting for 65.9975% of the total number of votes and of the share capital of the Company ("Indirectly Acquired Shares").
The Indirect Acquisition occurred as a result of the February 29, 2016 acquisition by Polkomtel of 100% of shares in Litenite Limited with its registered office in Cyprus, which was the direct holder of the Indirectly Acquired Shares.
Prior to the Indirect Acquisition, Polkomtel held no shares in the Company, whether directly or indirectly. After the Indirect Acquisition, Polkomtel indirectly holds, via Litenite Limited, 976,542,690 shares in the Company, vesting the right to 976,542,690 votes at the Company general meeting, accounting for 65.9975% of the total number of votes and of the share capital of the Company.
On February 29, 2016, Polkomtel announced a tender offer for all the remaining shares in the Company, which may lead to a further increase in the proportion of all votes in the Company held by Polkomtel ("Tender Offer"). During the 12 months following the filing of this Notification, Polkomtel does not rule out a further increase in its indirect stake in the Company effected otherwise than by way of Tender Offer. In particular, if, following the Tender Offer, the interest held in the Company indirectly and directly by Polkomtel reaches or exceeds 90% of the total number of votes, a squeeze-out of the remaining shares in the Company cannot be ruled out. Furthermore, one should not rule out taking actions aimed at the abolition of the dematerialization of shares in the Company and the withdrawal of these shares from trading on the Warsaw Stock Exchange (so-called delisting), on the terms laid down in peremptory provisions of the law.
The purpose of the aforementioned further increase in Polkomtel's interest in the Company is to attain greater integration of the Company in the structure of the Cyfrowy Polsat S.A. group, the direct parent entity of Polkomtel, which could produce additional synergies and lead to bigger transparency of the ownership structure of Cyfrowy Polsat S.A. group.
Other than Litenite Limited, there are no direct or indirect subsidiaries of Polkomtel that would directly or indirectly hold shares in the Company.
Polkomtel is not party to any agreement concerning the transfer of the power to exercise voting rights attached to shares in the Company within the meaning of Article 87 Section 1 Item 3 point c of the Public Offering Act.
Prior to the Indirect Acquisition, Litenite Limited was an indirect subsidiary of Mr. Zygmunt Solorz-Żak, who is also an indirect dominant shareholder of Polkomtel. Therefore Mr. Zygmunt Solorz-Żak's indirect stake in the Company has not changed as a result of the Indirect Acquisition.
Midas SA issued this content on 04 March 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 04 March 2016 16:02:57 UTC
Original Document: http://www.midasnfi.pl/resources/MDS_RB_6__2016.pdf
