Investor relations Relacje inwestorskie
Investor relations Relacje inwestorskie
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UNOFFICIAL TRANSLATION
Current report no. 6/2022
Date: 2022-03-01
Short name of the issuer: i2 Development S.A.
Completion of the tender offer to subscribe for the sale of shares in i2 Development S.A.
Legal basis: Art. 17 sec. 1 of MAR – confidential information

Management Board of i2 Development S.A. („The Management Board”) informs that on February 21, 2022, the subscription for the Company’s shares was completed, as part of the call to subscribe for the sale of the Company’s shares („Tender Offer”), announced pursuant to Art. 74 sec. 2 of the Act of July 29, 2005 on public offering and the conditions for introducing financial instruments to an organized trading system and on public companies (Journal of Laws of 2005, No. 184, item 1539, as amended) („Act on Public Offering”) of 30 December 2021 by Marcin Misztal, Andrzej Kowalski, Acico Investments Limited based in Larnaca and Galtoco Investments Limited based in Nicosia, acting in agreement referred to in Art. 87 sec. 1 point 5 of the Act on Public Offering („Parties to the Agreement”), the conclusion of which was announced by the Company in the current report No. 29/2021 of December 30, 2021.

On February 24, 2022, as part of the response to the Tender Offer, purchase transactions were concluded for the Company’s ordinary bearer shares for a total of 109,819 shares of the Company, marked with the ISIN code: PLI2DVL00014 („Shares”), which were settled on March 1, 2022 ( „Settlement of the Tender Offer”).

In connection with the above, the Company informs that as a result of the Settlement of the Tender Offer:


  1. ACICO INVESTMENTS LIMITED based in Larnaca acquired directly 64,938 shares of the Company, constituting 0.67% of the share capital of the Company and entitling to 64,938 votes at the general meeting of the Company, constituting 0.67% of the total number of votes;
  2. GALTOCO INVESTMENTS LIMITED based in Nicosia purchased directly 44,881 shares of the Company, constituting 0.46% of the share capital of the Company and carrying 44,881 votes at the general meeting of the Company, constituting 0.46% of the total number of votes;


Mr. Marcin Misztal and Andrzej Kowalski did not acquire the Company’s shares directly.

Mr. Marcin Misztal acquired the Company’s shares indirectly through ACICO INVESTMENTS LIMITED with its registered office in Larnaca, in the amount specified in point 1 above.

Mr. Andrzej Kowalski acquired the Company’s shares indirectly through GALTOCO INVESTMENTS LIMITED with its registered office in Nicosia, in the amount specified in point 2 above.

Before the settlement of the Tender Offer, the Parties to the Agreement held a total of 9,329,297 shares of the Company constituting 96.18% of the share capital of the Company and entitling to 9,329,297 votes at the general meeting of the Company and representing 96.18% of the total number of votes in the Company. Including:


  1. Mr. Marcin Misztal owned in total – 4,654,620 shares of the Company, constituting 47.99% of the share capital of the Company and entitling to 4,654,620 votes at the general meeting of the company, representing 47.99% of the total number of votes in the Company, indirectly – through a subsidiary ACICO INVESTMENTS LIMITED based in Larnaca;
  2. Mr. Andrzej Kowalski held the total of 4,674,677 shares, constituting 48.19% of the share capital of the Company and entitling to 4,674,677 votes at the general meeting of the Company, constituting 48.19% of the total number of votes of the Company. Of which:
  3. a) 2,851 shares, representing 0.03% of the share capital of the Company and entitling to 2,851 votes at the general meeting of the Company, representing 0.03% of the total number of votes – directly;
  4. b) 4,671,826 shares constituting 48.16% of the share capital and entitling to 4,671,826 votes at the general meeting of the company, constituting 48.16% of the total number of votes in the Company – indirectly, through the subsidiary GALTOCO INVESTMENTS LIMITED with its registered office in Nicosia.
  5. ACICO INVESTMENTS LIMITED based in Larnaca held a total of – 4,654,620 shares of the Company, constituting 47.99% of the share capital of the Company and entitling to 4,654,620 votes at the general meeting of the company, representing 47.99% of the total number of votes of the Company, directly ;
  6. GALTOCO INVESTMENTS LIMITED based in Nicosia held a total of 4,674,677 shares, constituting 48.19% of the share capital of the Company and entitling to 4,674,677 votes at the general meeting of the Company, constituting 48.19% of the total number of votes of the Company. Of which:
  7. a) 4,671,826 shares constituting 48.16% of the share capital and entitling to 4,671,826 votes at the general meeting of the company, constituting 48.16% of the total number of votes of the Company – directly;
  8. b) 2,851 shares constituting 0.03% of the share capital of the Company and entitling to 2,851 votes at the general meeting of the Company, constituting 0.03% of the total number of votes The notifying party is held – indirectly through the parent entity – by Andrzej Kowalski.



After the settlement of the Tender Offer, the parties to the agreement hold a total of 9,439,116 shares of the Company, representing 97.31% of the share capital of the Company and entitling to 9,439,116 votes at the general meeting of the company and representing 97.31% of the total number of votes in the Company. Including:


  1. Marcin Misztal holds in total – 4,719,558 shares of the Company, constituting 48.66% of the share capital of the Company and entitling to 4,719,558 votes at the general meeting of the company, constituting 48.66% of the total number of votes in the Company, indirectly – through the subsidiary ACICO INVESTMENTS LIMITED based in Larnaca;
  2. Andrzej Kowalski holds a total of 4,719,558 shares, constituting 48.66% of the share capital of the Company and entitling to 4,719,558 votes at the general meeting of the Company, constituting 48.66% of the total number of votes of the Company. Of which:
  3. a) 2,851 shares, representing 0.03% of the share capital of the Company and entitling to 2,851 votes at the general meeting of the Company, representing 0.03% of the total number of votes – directly;
  4. b) 4,716,707 shares, constituting 48.63% of the share capital and entitling to 4,716,707 votes at the company’s general meeting, constituting 48.63% of the total number of votes in the Company – indirectly, through the subsidiary GALTOCO INVESTMENTS LIMITED based in Nicosia.
  5. ACICO INVESTMENTS LIMITED based in Larnaca held a total of – 4,719,558 shares of the Company, constituting 48.66% of the share capital of the Company and entitling to 4,719,558 votes at the general meeting of the company, constituting 48.66% of the total number of votes of the Company, directly ;
  6. GALTOCO INVESTMENTS LIMITED based in Nicosia held a total of 4,719,558 shares, constituting 48.66% of the share capital of the Company and entitling to 4,719,558 votes at the general meeting of the Company, constituting 48.66% of the total number of votes of the Company. Of which:
  7. a) 4,716,707 shares, constituting 48.63% of the share capital and entitling to 4,716,707 votes at the company’s general meeting, constituting 48.63% of the total number of votes in the Company – directly;
  8. b) 2,851 shares constituting 0.03% of the share capital of the Company and entitling to 2,851 votes at the general meeting of the Company, constituting 0.03% of the total number of votes The notifying party is held – indirectly through the parent entity – by Andrzej Kowalski.



Signatures of persons representing the Company:
2022-03-01 Marcin Misztal President of the Management Board