Oponeo.pl Spolka Akcyjna acquired the remaining 50.26% stake in AutoCentrum.pl S.A from Temetis Sp. z o.o for PLN 6.5 million.
September 31, 2016
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Oponeo.pl Spolka Akcyjna (WSE:OPN) acquired the remaining 50.26% stake in AutoCentrum.pl S.A from Temetis Sp. z o.o for PLN 6.5 million on September 1, 2016. The total purchase price will be further increased by an amount equal to half of the dividend of Oponeo for the first eight months of 2016 which will be paid as follows: a). the amount of PLN 4.34 million by offsetting the receivable of Oponeo for PLN 0.14 million shares of Oponeo with a nominal value of PLN 1.00 each, which shares of Temetis will be acquired from Oponeo at the unit price of PLN 31 and the total price for the shares amounted to PLN 4.34 million, b). the amount of PLN 2.19 million by bank transfer; c). the additional amount equal to half of the dividend of Oponeo for the first eight months of 2016 by bank transfer immediately after the calculation of Oponeo’s net profit for the first eight months of 2016. Under the agreement, Oponeo acquired 2.51 million ordinary shares of Autocentrum, constituting 50.26% of the share capital. After the transaction, Oponeo holds 5 million shares representing 100% of the share capital of Autocentrum.pl SA.
Oponeo.pl Spolka Akcyjna (WSE:OPN) completed the acquisition of the remaining 50.26% stake in AutoCentrum.pl S.A from Temetis Sp. z o.o on September 1, 2016.
Oponeo.pl SA is a Poland-based company engaged in the online distribution of tires and other automotive parts. The Companyâs products portfolio includes approximately 100 brands of tires for cars, trucks and off-road vehicles, aluminum and steel wheel rims and other automotive parts, as well as car audio articles and cosmetics. Oponeo.pl SA provides its services in wholesale and retail trade using e-commerce tools. The Companyâs products are sold through Polish Internet portals, such as opony.com, opony.pl, ogumienie.com, oponeo.pl, felgi.pl and motostrada.pl, as well as through foreign Internet portals. It operates throught Opony.pl Sp z o o, Oponeo Brandhouse Sp z o o, Oponeo.co.uk Ltd, Oponeo.com Inc and Autocentrum.pl SA, among others.