ESPI 50/2018 Summary of the first day of the own shares buy-back

The Board of Directors of IMS S.A. (“Company”, “Issuer”) informs that on 19th September this year agreements were signed with the Shareholders of the Company to sell in total 199,537 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 05.09.2018) was PLN 3.20. The total nominal value of acquired shares is PLN 3,990.74 (PLN 0.02 per each share). These shares represent 0.60% of the Issuer’s share capital and give right to 199,537 votes in the GM (0.60% of total votes).

In line with the Own Shares Buy-back Programme and the Invitation to submit offers to dispose of shares, Shareholders have time till 26th September 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 26th September 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 of shares is carried out pursuant to Resolution No.19 of 25 May 2017 with reference to Resolution No.26 of 6 June 2018 of the Annual General Meeting (“AGM”). The Own Shares Buy-back Programme was adopted by the Issuer’s Board of Directors with Resolution No.1 of 13 February 2018, and with Resolution No.1 of 29 June 2018 the Board of Directors of IMS S.A. reviewed the above mentioned Own Shares Buy-back Programme (of which the Company informed in ESPI report No.29/2018 of 29 June 2018).  In line with the decision of the Board of Directors of IMS S.A. made on 17 September 2018, the acquired own shares of the Company shall be intended for redemption. The Board of Directors recommends to the coming General Meeting of the Company to redeem the own shares currently held and all other shares bought back by the Company by the end of 2018 under IMS S.A.’s Own Shares Buy-back Programme. The Issuer communicated this in current report ESPI 48/2018 of 17.09.2018.

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


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

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