The Board of Play Communications S.A. (the “Company”) hereby reports that according to the Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC (the “MAR”), the Company publishes inside information, disclosure of which was delayed by the Board of Directors of the Company on 14 and 18 June 2019 based on Article 17 point 4 of MAR.
Content of delayed inside information:
On 14 June 2019, P4 sp. z o.o., a wholly owned subsidiary of the Company (“Play”) submitted the binding offer in connection with the process of sale of all shares in the company 3S Spółka Akcyjna with its registered office in Katowice (“3S”) (hereinafter “Transaction”) and subsequently, on 18 June 2019, Play has been granted exclusivity in the Transaction. The Transaction relates to direct acquisition of all shares of 3S held by Ambrosia CEE Holding S.à r.l and the three founders (minority shareholders) as well as indirect acquisition of all shares in all subsidiaries of 3S.
The Board of the Company decided to delay the above mentioned inside information as in the opinion of the Board of the Company an immediate disclosure could adversely affect Play’s negotiating position, create uncertainty about its future plans and implementation of adopted strategy. Moreover, an immediate disclosure of the inside information could have resulted in an incorrect assessment of information by the public, including investors and shareholders of the Company, and could have caused unjustified changes in the Company’s share price.
Legal basis: Art 17 point 1 and 4 MAR – inside information and delay of the publication of the inside information.