In connection with current report No 17/2018 of 4 June 2018 and with regard to Resolution No. 19 of the OGSM of the Issuer of 25 May 2017, the Board of Directors of IMS S.A. (“Company”, “Issuer”) informs that today the Supervisory Board of the Company issued a positive opinion on the price (consideration) and the number of acquired shares under the 2nd Tranche of the Buy-back Programme.
Due to the afore, today the Board of Directors of the Company set the price (consideration) under the 2nd Tranche of the Buy-back Programme at PLN 3.70 (say: three zloty 70/100) per share and the number of acquired shares at 640,000 (say: six hundred forty thousand).
The Board of Directors of IMS S.A. submits the following attachments:
– the Invitation to submit bids to dispose of shares together with an up-to-date schedule of execution of the 2nd Tranche of the Own Share Buy-back,
– a model form for an offer to dispose of shares,
– a model agreement to dispose of shares.
Shareholders who will decide to resell the shares to the Company under 2nd Tranche of the Own Share Buy-back Programme will be entitled to the dividend for 2017 (as the dividend record date recommended by the Board of Directors and the Supervisory Board falls before the date of planned sale transactions under the 2nd Tranche of the Own Share Buy-back), as long as the Ordinary General Shareholder Meeting adopts a resolution regarding payment of dividend and does not change the dividend record date proposed in the Board of Directors’ recommendation for a later date than the date of planned transactions of share disposal for the benefit of the Company under the 2nd Tranche of the Own Share Buy-back Programme (which will take place on 19-20 June this year).