English
PolishManagement Board of CPD S.A. with its registered office in Warsaw (“Company“), with reference to current report No. 6/2023 of 7 March 2023 and current report No. 8/2023 of 22 March 2023, hereby presents a summary of the on 9-21 March 2023, buyback of own shares (“Buyback“).
As part of the Buyback, the Company purchased 1,535,558 (one million, five hundred and thirty-five thousand, five hundred and fifty-eight) of its own ordinary bearer shares with a nominal value of PLN 0.10 (ten grosz) each, registered in the securities depository maintained by the National Depository for Securities under the code ISIN PLCELPD00013 (“Own Shares“).
Own Shares were purchased at a price of PLN 29.90 (twenty-nine zlotys 90/100 groszy) per one Own Share and for a total price of PLN 45,913,184.20 (forty-five million nine hundred thirteen thousand one hundred and eighty-four zlotys 20/100 groszy). The total nominal value of the purchased Own Shares is PLN 153,555.80 (one hundred and fifty three thousand five hundred and fifty five zlotys and 80/100 groszy).
Acquired by CPD S.A. Own Shares constitute 17.13% of the Company’s share capital and 21.05% of the total number of votes at the Company’s general meeting (prior to the Purchase, the Company already had 1,672,591 own shares). Pursuant to Art. 364 § 2 of the Code of Commercial Companies, the Company will not exercise the share rights attached to Own Shares, except for the right to sell them or perform activities aimed at retaining these rights. Own Shares were purchased for redemption pursuant to art. 362 § 1 point 5) k.s.h.
As part of the Buyback, 155 sales offers were submitted, covering a total of 6,800,469 (six million eight hundred thousand four hundred and sixty nine) shares of the Company. Due to the fact that the total number of the Company’s shares offered for purchase by the Company’s shareholders under the Buy-back exceeded the total number of shares that the Company intended to buy under the Buy-back, the Company reduced the sale offers of the Company’s shares, applying the reduction rules described in detail in the invitation to submitting offers for the sale of the Company’s shares as part of the Buy-back. The weighted average reduction rate of the submitted bids calculated from individual reduction rates was 77.66%.
The Buyback of Own Shares was concluded and settled on 24 March 2023. The Own Shares were purchased outside the regulated market through the National Depository for Securities.
Legal basis:
Art. 17 ust. 1 MAR – informacje poufne
Signatures:
Elżbieta Wiczkowska, Członek Zarządu, 24 marca 2023 r.
Iwona Makarewicz, Członek Zarządu, 24 marca 2023 r.