mPay S.A. (WSE:MPY) signed a conditional binding agreement to acquire Dom Maklerski Banku BPS S.A. (DM BPS SA) from Bank Polskiej Spóldzielczosci S.A. for PLN 3 million on January 29, 2021. mPay will acquire 6.669 million shares of DM BPS SA from Bank Polskiej Spóldzielczosci S.A. The final price will be determined based on the results of DM BPS SA for the financial year 2020. In addition, agreement clarifies that in the event of recapitalization of DM BPS by Bank Polskiej Spóldzielczosci S.A. before the date of closing the transaction. The sale price will be increased by the amount of recapitalization, with the provison that in the event that the recapitalization amount is higher than PLN 3 million. Transaction is subject to approval from the Polish Financial Supervision Authority and other conditions. If all the conditions precedent specified in the Agreement are not met on by September 30, 2021, each Party has the right to withdraw from the Agreement with effect for all Parties, by October 29, 2021. Bank Polskiej Spóldzielczosci S.A. will be entitled to withdraw from the Agreement by December 7, 2021. If mPay, despite the fulfillment of the conditions precedent set out in the Agreement, does not inform Bank Polskiej Spóldzielczosci S.A. about the determination of the transaction closing date by November 25, 2021, in such a case, BPS will be entitled to set the closing date of the transaction, at the latest by November 30, 2021.