Investor relations Relacje inwestorskie
Investor relations Relacje inwestorskie
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UNOFFICIAL TRANSLATION
Current report no. 29/2021
Date: 2021-12-30
Short name of the issuer: i2 Development S.A.
Subject: Information on the conclusion of the agreement referred to in Art. 87 sec. 1 point 5 of the Act on Offer
Legal basis: art. 17 sec. 1 of MAR – confidential information

Management Board of i2 Development S.A. with headquarters in Wrocław, ul. Łaciarska 4B, 50-104 Wrocław, entered into the Register of Entrepreneurs of the National Court Register kept by the District Court for Wrocław Fabryczna in Wrocław, 6th Commercial Division of the National Court Register, with the number: 0000520460 (the „Company”), hereby announces that on December 29 In 2021, the Company received from Marcin Misztal, acting on behalf of the parties to the agreement, i.e. on his own behalf, Andrzej Kowalski, ACICO INVESTMENTS LIMITED with its seat in Larnaca, GALTOCO INVESTMENTS LIMITED with its seat in Nicosia („Parties to the Agreement”), information about the conclusion on 29 December 2021 by the above-mentioned the entities of the agreement referred to in Art. 87 sec. 1 point 5 of the Act of July 29, 2005 on public offering and conditions for introducing financial instruments to an organized trading system and on public companies (hereinafter referred to as the „Act on Public Offering”), in terms of efforts to: (i) compulsory buyout of all shares Of the Company by the buyer from other shareholders other than the Parties to the Agreement („Squeeze Buyout”), and then (ii) adopting a resolution by the general meeting of the Company to withdraw the shares from trading on the regulated market and (iii) applying to the Polish Financial Supervision Authority for authorization to withdraw all of the Company’s shares from trading on the regulated market (the „Agreement”).

At the same time, the Management Board of the Company informs that prior to the commencement of the Compulsory Buyout, the Parties to the Agreement, pursuant to the obligation under Art. 74 sec. 2 of the Act on Public Offering, they will conduct a tender offer to subscribe for the sale of the Company’s shares (the „Tender Offer”).

The parties to the agreement currently hold in total (directly and indirectly) 9,329,297 (say: nine million three hundred twenty nine thousand two hundred ninety seven) shares of the Company, representing 96.18% (say: ninety six and 18/100 percent) of the total number of votes at the General Meeting of Shareholders The Meeting of the Company.

Therefore, the subject of the share purchase transaction by way of the Tender Offer will be 370,703 (say: three hundred seventy thousand seven hundred and three) ordinary bearer shares with a nominal value of PLN 1.00 (say: one zloty) each, admitted and introduced to trading on a regulated market and listed on the market the basic one operated by the Warsaw Stock Exchange („WSE”) and registered in the depository for securities maintained by the National Depository for Securities S.A. („KDPW”) and marked with the ISIN code PLI2DVL00014. All shares to be purchased under the Tender Offer represent a total of 3.82% (say: three and 82/100 percent) of the total number of the Company’s shares and entitle to 3.82% (say: three and 82/100 percent) of the total number of shares. number of votes at the General Meeting of the Company held by shareholders other than the Parties to the Agreement.

Pursuant to the Agreement, the detailed terms and conditions for the acquisition of shares by the Parties to the Agreement, including the share price, will be specified in the Tender Offer and the Squeeze-Out documentation.

The agreement was concluded for a specified period until the date on which the Company’s shares are withdrawn from trading on the regulated market operated by the WSE. The withdrawal of the Company’s shares from trading on the regulated market is planned no later than by 31 December 2022.

Signatures of persons representing the Company:
2021-12-30 Marcin Misztal President of the Management Board