Current Report 35/2018
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 S.A. with its registered office in Poznań (the “Issuer”) hereby announces that on 11.06.2018 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 completion of negotiations, execution by a subsidiary of H88 S.A., namely H88 HOSTING S.R.L. (both companies are indirect subsidiaries of the Issuer), of a conditional agreement to acquire shares in NET DESIGN S.R.L. with its registered office in Bistrița, Romania, and execution of a document confirming that the agreement had become legally effective.
The delayed inside information concerned the execution on 11.06.2018 by an indirect subsidiary of H88 S.A. of a term sheet commencing negotiations concerning the acquisition of 60% of the shares in NET DESIGN S.R.L. with its registered office in Bistrița, Romania. The term sheet contemplated the acquisition of 60% of the shares in NET DESIGN S.R.L. for a price of EUR 2.828.100.