With reference to current report 51/2019 of 27 November this year and regarding Resolution No. 19 of 25 May 2017 in connection with Resolution No. 26 of 6 June 2018 of the Annual General Meeting of IMS S.A., 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 proposal of the Board of Director regarding the price (consideration) and the number of shares acquired under the 9th Tranche of the Own Shares Buy-back Programme.
Due to the afore, today the Board of Directors of the Company set the price (consideration) under the 9th Tranche of the Buy-back Programme at PLN 3.70 (say: three zloty 70/100) per share and the number of acquired shares at 730,000 (say: seven hundred and thirty thousand).
The Board of Directors recommends that the General Meeting of Shareholders redeems own shares acquired under the 9th Tranche of own shares buy-back, as was the case for own shares acquired in Tranche 6, 7 and 8 of the Buy-back Programme.
Also, the Company informs that Members of the Board of Directors of the Issuer who are also shareholders of the Company submitted their declarations of non-participation in the 9th Tranche of own shares buy-back.
The entity acting as an intermediary in conducting the 9th Tranche of own shares buy-back is Dom Maklerski Banku Ochrony Środowiska S.A., ul. Marszałkowska 78/80, 00-517 Warsaw.