Meeting the Condition Precedent Specified in the Agreement for the Sale of Shares in Rotopino.pl S.A. concluded between TIM S.A. and OPONEO.PL S.A.
Date |
2020-12-24 |
Current report no. |
41/2020 |
| Management Board of TIM S.A. with its registered office in Wrocław, referring to Current Report No. 37/2020 notified to the public on 27 November 2020 of the conclusion of a conditional agreement for the sale of shares in Rotopino.pl S.A. with its registered office in Bydgoszcz, pursuant to which TIM S.A. with its registered office in Wrocław undertook to sell to OPONEO.PL S.A. with its registered office in Bydgoszcz, 10,000,000 (in words: ten million) bearer shares of Rotopino.pl S.A. with the nominal value of PLN 0.10 (in words: ten groszy) each share, with the total nominal value of PLN 1,000,000.00 (in words: one million zlotys), which shares constitute 100% of the share capital of Rotopino.pl S.A., for the price of PLN 35,000,000.00 (in words: thirty five million zlotys) subject to fulfilment of the condition precedent consisting in obtaining an unconditional and final consent of the President of the Office of Competition and Consumer Protection to concentration, informs that on 24 December 2020 it received a decision of the President of the Office of Competition and Consumer Protection Tomasz Chróstny No. DKK-244/2020 dated 23 December 2020 pursuant to which the President of the Office of Competition and Consumer Protection consented to concentration consisting in the assumption by Oponeo.pl S.A. with its registered office in Bydgoszcz, of control over Rotopino.pl S.A. with its registered office in Bydgoszcz.
The agreement transferring ownership of shares in Rotopino.pl S.A. will be concluded between the companies within 10 (in words: ten) business days from the date of the consent of the President of the Office of Competition and Consumer Protection. The information on the conclusion of the share transfer agreement regarding the shares in Rotopino.pl S.A. will be notified by the Management Board of TIM S.A. to the public immediately after its conclusion. As a result of the performed analysis, the Management Board of TIM S.A. has decided that it is justified to classify the information indicated above as confidential information within the meaning of Art. 7 MAR due to potential influence of the above facts on financial results of TIM Capital Group. |
SIGNATURES OF PERSONS REPRESENTING THE COMPANY
| 2020-12-24, Krzysztof Folta – President of the Board 2020-12-24, Piotr Tokarczuk – Member of the Board |