Brief: WP Holding To Increase Stake In Audioteka To 99.9%

Wirtualna Polska Holding SA

05/06/2023 07:02

June 5 (Reuters) - Wirtualna Polska Holding SA
 WPPL.WA :
    * SAID ON FRIDAY THAT ITS UNITS WIRTUALNA POLSKA MEDIA AND
STACJA
SŁUŻEW HAVE CONCLUDED CONDITIONAL TRANSACTION ON ACQUISITION OF
SHARES AND SUBSCRIPTION WARRANTS IN AUDIOTEKA
    * PRIOR TO THE TRANSACTION STACJA SŁUŻEW HELD IN TOTAL 59.5%
STAKE
IN AUDIOTEKA AND ALSO SUBSCRIPTION WARRANTS CONVERTIBLE TO
SHARES, WHICH TOGETHER WITH SHARES REPRESENT ABOUT 61% STAKE IN
AUDIOTEKA 
    * UNDER TRANSACTION WIRTUALNA POLSKA MEDIA (WPM) SIGNED
PRELIMINARY CONDITIONAL DEAL WITH TWO NATURAL PERSONS AND KMB
FUNDACJA RODZINNA W ORGANIZACJI ON ACQUISITION OF 850,001 SHARES
IN AUDIOTEKA FOR TOTAL PRICE OF 72.25 MILLION ZLOTYS
    * WPM ALSO SIGNED CONDITIONAL DEAL ON ACQUISITION OF 8,156
SHARES
IN AUDIOTEKA FROM ANOTHER NATURAL PERSON FOR TOTAL PRICE OF 0.69
MILLION ZLOTYS
    * STACJA SŁUŻEW CONCLUDED CONDITIONAL DEALS ON ACQUISITION
OF
20,003 SUBSCRIPTION WARRANTS CONVERTIBLE TO 20,003  AUDIOTEKA
SHARES FOR TOTAL PRICE OF 1,71 MILLION ZLOTYS
    * AFTER THE TRANSACTION THE COMPANY WILL HOLD VIA ITS UNITS
ABOUT
99.9% STAKE IN AUDIOTEKA
    * AFTER COMPLETION OF THE TRANSACTION THE COMPANY PLANS TO
TAKE
STEPS TO REACH 100% STAKE IN AUDIOTEKA
    * TOTAL VALUE OF TRANSACTION AMOUNTS TO 74.64 MILLION ZLOTYS
AND
WILL BE FINANCED WITH FUNDS FROM CAPEX LOAN TRANCHE

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nEMkJV2ba
 Further company coverage:  WPPL.WA  

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