Current Report 36/2018
28/09/2018 • 12:00
Subject:
Disclosure of delayed inside information – execution by indirect subsidiary H88 HOSTING S.R.L. of a conditional agreement to acquire shares in NET DESIGN S.R.L.
Legal basis:
Article 17(1) of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC
Content:
The Management Board of R22 with its registered office in Poznań (the “Issuer”) hereby announces that on 21.08.2018 it decided to delay the disclosure of inside information pursuant to Article 17(4) of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC.
The reason for disclosing the delayed inside information is the execution by indirect subsidiary H88 HOSTING S.R.L. (a subsidiary of H88 S.A.) of a document confirming that the conditional agreement for the acquisition of shares in NET DESIGN S.R.L. with its registered office in Bistrița, Romania, had become legally effective.
The delayed inside information concerned the execution on 21.08.2018 by indirect subsidiary H88 HOSTING S.R.L., as purchaser, with Doru Adrian Chiruta, as seller, of a conditional agreement for the acquisition of 16 shares in NET DESIGN S.R.L. with its registered office in Bistrița, Romania, representing 53% of the share capital, for a price of EUR 2.828.100 (the “Agreement”). The principal conditions for the Agreement to become legally effective were an increase of the share capital of NET DESIGN S.R.L., including by 2 shares, of which 1 share was subscribed for by H88 HOSTING S.R.L. and 1 share by H88 S.A., and completion of due diligence of NET DESIGN S.R.L. Pursuant to the Agreement, transfer of ownership of the shares was conditional upon receipt by the seller of the full sale price, payment of which was set for 15 October 2018.