Brief: Vita 34 And Polski Bank Komórek Macierzystych Sign Combination Agreement

FamiCord AG

31/05/2021 16:21

(Repeats to additional subscribers.)
    May 31 (Reuters) - VITA 34 AG  V3VGn.DE :
    * VITA 34 AG AND WARSAW-LISTED POLSKI BANK KOMÓREK
MACIERZYSTYCH
S.A. SIGN BUSINESS COMBINATION AGREEMENT FOR POTENTIAL
COMBINATION VIA A SHARE EXCHANGE
    * SHAREHOLDERS OF PBKM WILL BE OFFERED TO RECEIVE 1.3 NEW
VITA 34
SHARES IN EXCHANGE FOR ONE SHARE OF PBKM
    * AGREED TO OFFER TO SHAREHOLDERS OF PBKM TO EXCHANGE ALL
SHARES
OF PBKM FOR SHARES IN VITA 34 BY WAY OF A CONTRIBUTION IN KIND
    * FOR PURPOSES OF CALCULATING EXCHANGE RATIO, VITA 34 WAS
VALUED
AT EUR 17.29 PER SHARE, WHILE PBKM WAS VALUED AT EUR 22.48 (PLN
102.60) PER SHARE
    * BINDING AGREEMENTS WITH VITA 34 PURSUANT TO WHICH DIRECTLY
CONTRIBUTING SHAREHOLDERS COMMITTED TO CONTRIBUTE TO VITA 34 AN
AGGREGATE OF 6,363,170 PBKM SHARES (EQUIVALENT TO ABOUT 69.13%
OF PBKM'S CURRENT SHARE CAPITAL)
    * COMBINED COMPANY IS EXPECTED TO BENEFIT FROM AT LEAST EUR
3.1
MILLION IN ANNUAL COSTS SYNERGIES BEFORE TAX
    * PLANNING TO COMPLETE PROPOSED TRANSACTION BY END OF
OCTOBER 2021

Source text for Eikon:  ID:nEQ10334ka 
Further company coverage:  V3VGn.DE 

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