Brief: Wirtualna Polska Holding Increases Stake In Domodi To 86 Pct

Wirtualna Polska Holding SA

16/03/2018 10:33

March 16 (Reuters) - WIRTUALNA POLSKA HOLDING (WPH)
 WPPL.WA :
    * SAID ON THURSDAY THAT ALONG WITH ITS UNIT, WIRTUALNA
POLSKA
MEDIA (WPM), IT SIGNED AN ANNEX TO AGREEMENT WITH PARTNERS OF
DOMODI SP. Z O.O. AND AGREEMENT TO ACQUIRE SHARES
    * AS PART OF THE AGREEMENT, IT ACQUIRES 918 SHARES
REPRESENTING 35
PCT IN DOMODI SHARE CAPITAL FOR 85.5 MILLION ZLOTYS
    * BEFORE THE TRANSACTION, WPM OWNED 51 PERCENT IN DOMODI,
WPH AND
ITS UNITS OWN 86 PERCENT IN DOMODI FOLLOWING THE TRANSACTION 
    * IT WILL PAY FOR THE SHARES WITH A LOAN FROM WPM ABOUT
WHICH CO
INFORMED IN DEC. 2017  urn:newsml:reuters.com:*:nFWN1OC0TG
    * THE COMPANY ALSO HAS A RIGHT TO ACQUIRE THE REMAINING 14
PCT
STAKE OVER THE NEXT 10 YEARS, WITH THE FIRST POSSIBILITY TO
EXERCISE THE OPTION AFTER THE END OF 2018
    * PRELIMINARY DISCOUNTED VALUE OF THE OPTION FOR THE
REMAINING
STAKE IN DOMODI IS ABOUT 36 MILLION ZLOTYS

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM1JL9Kma
    
 Further company coverage:  WPPL.WA  
   


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