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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
31/07/2017 0 N/A WSE
01/08/2017 0 N/A WSE
02/08/2017 0 N/A 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
15/08/2017 Market Close N/A 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.