Current Report 21/2024
26/07/2024 • 17:46
Subject:
Completion of the cyber_Folks S.A. treasury share buyback – summary
Legal basis:
Art. 17 sec. 1 MAR – inside information.
Content:
The Management Board of cyber_Folks S.A. [“Company”, “Issuer”], with reference to the Company’s Current Report No. 20/2024 of 08 July 2024, hereby presents a summary of the treasury share buyback conducted by the Company from 10 to 24 July 2024 [“Buyback”].
In connection with the Buyback, 42.500 ordinary bearer shares of the Company, with a nominal value of PLN 0,02 each, registered in the securities depository maintained by KDPW under ISIN code PLR220000018 [“Treasury Shares”], will be acquired. The Treasury Shares will be acquired at a uniform price of PLN 160,00 per Treasury Share, i.e. for a total price of PLN 6.800.000,00. The aggregate nominal value of the acquired Treasury Shares is PLN 850.
The Treasury Shares acquired by the Issuer represent 0,30% of the Company’s share capital and the total number of votes at the Company’s General Meeting. Pursuant to Article 364 §2 of the Commercial Companies Code, the Company will not exercise participation rights attached to the Treasury Shares, except for the rights to dispose of them or to undertake actions aimed at preserving those rights.
The planned date for conclusion and settlement of the Treasury Share acquisition transactions is 29 July 2024. The Treasury Share acquisition transactions will be executed outside the regulated market through mBank S.A. with its registered office in Warsaw.
As part of the buyback, sale offers were submitted for a total of 12.035.894 Company shares. Since the total number of Company shares offered for sale by the Company’s shareholders under the Buyback exceeded the total number of shares the Company intended to acquire under the Buyback, the Company applied a proportional reduction to the offers to sell Company shares, in accordance with the reduction rules described in detail in the invitation to submit offers to sell Company shares under the Buyback. The average reduction rate of the submitted offers was 99,65%.
The Treasury Shares may be used by the Company for cancellation, further resale to third parties, financing the purchase price in transactions involving the acquisition of other entities by the Company or its subsidiaries, or may be offered by the Company under the incentive programme currently in force at the Company or under another incentive programme that may be established by the Company pursuant to a separate resolution of the Company’s General Meeting;
In addition, the Company holds 12.068 treasury shares other than the Treasury Shares indicated above.
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