espi 26/2018 Summary of the first day of the buy-back of own shares

The Board of Directors of IMS S.A. (“Company”, “Issuer”) informs that on 19th June this year agreements were signed with the Shareholders of the Company to sell in total 106,452 IMS S.A. shares. The acquisition price of one share (in line with Resolution No.1 of the Board of Directors of the Company of 05.06.2018) was PLN 3.70. The total nominal value of acquired shares is PLN 2,129.04 (PLN 0.02 per each share). These shares represent 0.32% of the Issuer’s share capital and give right to 106,452 votes in the GM (0.32% of total votes).

In line with the Buy-back Programme (“Invitation to submit offers to dispose of shares”), Shareholders have time till 28th June this year to transfer disposed shares to the Company’s account. If the shares being disposed of by a Shareholder are not registered in the securities account of IMS S.A. by 28th June 2018, the sale agreement shall be terminated with no consequences for either of the parties.

If such a situation occurs, the Issuer will inform about it in a separate communication.

The buy-back is carried out under Resolution No.19 of the Annual General Meeting (“AGM”) of 25th May 2017. The Own Shares Buy-back Programme was adopted by the Board of Directors of the Issuer with Resolution No.1 of 13th February 2018 (the Company informed about it in ESPI 4/2018 of 13th February 2018). Pursuant to the resolution of the AGM, the acquired own shares of the Company may be:

  1. a) redeemed, or
  2. b) intended for resale, or
  3. c) intended for another legitimate purpose indicated by the Board of the Company.

Another date for the Company to conclude transactions to acquire shares shall be 20 June 2018.


Detailed legal basis: Article 2 paragraph 2 and 3 of the COMMISSION DELEGATED REGULATION (EU) 2016/1052

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