With reference to current report no. 6/2020 dated 22 April 2020, the Management Board of P4 sp. z o.o., (the “Company”) hereby reports that on 6 August 2020 the Company has entered into Final Share Purchase Agreement in connection with the process of acquisition of all shares in the company Virgin Mobile Polska sp. z o.o. (“VMP”) (hereinafter the “Transaction”) as all conditions precedent to the Transaction have been fulfilled.
Acquisition price on cash and debt free basis amounted to EUR 13.4 million (PLN 59m) and is subject to certain closing accounts adjustments.
The transfer of shares took place on 9 August 2020 (Closing of the Transaction). Acquisition was financed from own cash and financing available to the Company.
Legal basis: Art. 17, point 1 MAR – inside information.