19/2017 The stabilisation period of the market prices of the shares in the Company listed on the Warsaw Stock Exchange ended on 25 August 2017
31 August 2017
Current Report No. 19/2017
The stabilisation period of the market prices of the shares in the Company listed on the Warsaw Stock Exchange ended on 25 August 2017
The Board of Play Communications S.A. (the “Company”) hereby informs that the stabilisation period of the market prices of the shares in the Company listed on the Warsaw Stock Exchange (the “WSE”) ended on 25 August 2017. The terms and conditions of the execution of stabilisation transactions were presented in the prospectus approved on 30 June 2017 by the Luxembourg Financial Supervision Authority (Commission de Surveillance du Secteur Financier).
The stabilising manager was J.P. Morgan Securities plc. The period during which the share prices were being stabilised was the period from 27 July 2017 to 25 August 2017.
The price range within which the stabilisation transactions were executed (for each of the dates of the stabilisation transactions) was as follows:
|Date||Quantity of Shares||Price range (PLN)||Trading venue in which the stabilisation transactions were carried out|
|27/07/2017||6,855,021||34.04 – 36.00||WSE|
|28/07/2017||185,063||35.40 – 35.97||WSE|
|03/08/2017||616,751||35.90 – 36.00||WSE|
|04/08/2017||57,769||36.00 – 36.00||WSE|
|07/08/2017||75,935||35.81 – 36.00||WSE|
|08/08/2017||87,239||35.85 – 36.00||WSE|
|09/08/2017||435,074||35.90 – 36.00||WSE|
|10/08/2017||280,735||35.90 – 35.99||WSE|
|11/08/2017||225,132||35.87 – 35.98||WSE|
|14/08/2017||190,862||35.90 – 35.99||WSE|
|16/08/2017||242,475||35.77 – 35.95||WSE|
|17/08/2017||550,000||34.02 – 35.84||WSE|
|18/08/2017||250,000||33.90 – 34.53||WSE|
|21/08/2017||200,000||33.89 – 34.31||WSE|
|22/08/2017||200,000||33.66 – 35.69||WSE|
|23/08/2017||200,000||35.80 – 35.99||WSE|
|24/08/2017||200,000||35.71 – 35.99||WSE|
|25/08/2017||200,000||35.68 – 36.00||WSE|
|Total from 27/07/2017 – 25/08/2017||11,052,056|
In view of the above, no other stabilisation transactions will be executed with regard to the shares in the Company.
The over-allotment option was not exercised and the 11,052,056 shares lent to J.P. Morgan Securities plc, as stabilisation manager, for the duration of the stabilisation period, will be redelivered to the selling shareholder. As a result, the total number of shares sold in the IPO amounts to 110,520,565 shares
Legal basis: Article 6 (3) of Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the conditions applicable to buy-back programmes and stabilisation measures.