Asseco Poland announces tender offer for the shares of Asseco Central Europe

On October 24th Asseco Poland announced a tender offer for the shares of Asseco Central Europe. Asseco Poland wants to buy back the remaining 6,49% of shares in its subsidiary and thus take up 100% of shares in its share capital.

Marek Panek, Vice President of Asseco Poland: A tender offer for the shares of Asseco Central Europe is a logical step in the process of simplifying the structure of Asseco Group. Acquisition of 100 per cent of shares in ACE will enable us to go forward with our plan of delisting this company. This, in turn, will facilitate decision making regarding further development of ACE, and reduce costs associated with disclosure requirements relating to public companies.

Tender offer details:

Tender Offer Price is not lower than the minimum price determined in accordance with the provisions of s. 79 ss. 1 and 2 of the Act and stands at PLN 23.5 per share.

Tender Offer Price is not lower than the average market price (i.e. the arithmetic mean of the volume weighted average daily share price) for the last 6 (in words: six) months preceding the announcement of the Tender Offer, during which shares were traded on the main market, which stands at: PLN 21.30 (in words: twenty one zloty thirty groszy).

Moreover, the Tender Offer Price is not lower than the average market price (i.e. the arithmetic mean of the volume weighted average daily share price) for the last 3 (in words: three) months during which shares were traded on a regulated market, preceding the announcement of the Tender Offer, which stands at: PLN 23.00 (in words: twenty three zloty zero groszy).

Tender offer schedule: