ESPI 60/2018 Information on own shares purchased from 19.10.2018 to 25.10.2018 as well as the summary and the completion of tranche 5 of own shares buy-back

Detailed list of transactions 19102018_25102018 – download

The Board of Directors of IMS Spółka Akcyjna with its registered office in Warsaw (“the Company”) informs that in the period from 19.10.2018 to 25.10.2018 the Company acquired, through IPOPEMA Securities S.A., 12,120 (twelve thousand one hundred and twenty) own shares at the average unit price of PLN 3.67. The total acquisition price, including the cost of acquisition, amounted to PLN 44,635.79.

In line with information communicated by IPOPEMA Securities S.A.:

  • on 19.10.2018, 6,219 IMS S.A. shares were acquired constituting 0.0186% share in the share capital of the Company and 0.0186% votes in the General Shareholder Meeting. The average unit acquisition price was PLN 3.70;
  • on 22.10.2018, 287 IMS S.A. shares were acquired constituting 0.0009% share in the share capital of the Company and 0.0009% votes in the General Shareholder Meeting. The average unit acquisition price was PLN 3.70;
  • on 23.10.2018, 4,914 IMS S.A. shares were acquired constituting 0.0147% share in the share capital of the Company and 0.0147% votes in the General Shareholder Meeting. The average unit acquisition price was PLN 3.64;
  • on 24.10.2018, 350 IMS S.A. shares were acquired constituting 0.0010% share in the share capital of the Company and 0.0010% votes in the General Shareholder Meeting. The average unit acquisition price was PLN 3.66;
  • on 25.10.2018, 350 IMS S.A. shares were acquired constituting 0.0010% share in the share capital of the Company and 0.0010% votes in the General Shareholder Meeting. The average unit acquisition price was PLN 3.58.

The detailed list of transactions conducted in the period from 19.10.2018 to 25.10.2018 is included in the attachment to this report.

The nominal value of one share is PLN 0.02, and the total nominal value of shares acquired on the dates mentioned above was PLN 242.40. The acquired block of 12,120 shares constitutes 0.0362% of Company share capital and gives 12,120 votes constituting 0.0362 % votes in the General Shareholder Meeting of the Company.

At the same time, the Board of Directors of IMS S.A. in connection with the provisions of Resolution No.1 of the Board of Directors of IMS S.A. regarding the terms and conditions as well as the procedure to exercise Tranche 5 of the Company Own Shares Buy-back Programme communicated in current report No. 54/2018 of 27 September 2018 informs that on 25 October this year the purchase of own shares conducted as part of Tranche 5 of the Company Own Shares Buy-back Programme was completed (in line with the adopted schedule) and cleared pursuant to Resolution No.19 of the Annual General Meeting of Shareholders of IMS S.A. (“AGM”) of 25 May 2017 and Resolution No. 26 of the Annual General Meeting of the IMS S.A. (“AGM”) of 6 June 2018. Within this Tranche the Company acquired in total 70,693 shares of the total nominal value of PLN 1,413.86 constituting 0.21% of the share capital of the Issuer and giving right to 70,693 votes in the GM (0.21% of total votes). The average unit acquisition price was PLN 3.53 per share.

At present the Company holds in total 1,627,068 own shares, constituting 4.86% of Company share capital and giving 1,627,068 votes constituting 4.86% of votes in the General Shareholder Meeting of the Company. In line with the decision of the Board of Directors of IMS S.A. made on 17 September 2018, own shares of the Company acquired within Tranche 5 shall be intended for redemption. The Board of Directors will recommend 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.

The Issuer, pursuant to Article 364 paragraph 2 of the Commercial Companies Code, does not exercise its right to vote from shares held.

In line with Resolution No.26 of the AGM of 6 June 2018, the Company may still use for the purpose of own share acquisition the amount of PLN 3,581 thousand by 31 December 2019 at the latest.

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

Recommended Posts