In connection with Resolution No. 19 of the Ordinary General Shareholder Meeting of IMS S.A. of 25 May 2017 and Resolution No. 1 of the Board of Directors of the Company of 13 February 2018, the Board of Directors of the Company submits the following schedule for the 2nd Tranche of the Own Share Buy-back Programme. Under the 2nd Tranche, the acquisition of own shares will take place by concluding transactions outside the organised trade as a result of presenting to shareholders an Invitation to submit Bids to Dispose of Shares.
At the same time, the Board informs that on 4 June this year it adopted a resolution regarding the price (consideration) proposal and the number of shares acquired under 2nd Tranche of the Buy-back Programme. The proposed number of shares which would be the subject matter of the Company’s acquisition is 640,000 (say: six hundred forty thousand) and the proposed price (consideration) is PLN 3.70 (say: three zloty 70/100) per share. The shares which would be the subject matter of the acquisition under the 2nd Tranche of the Buy-back give right to 640,000 votes, constitute 1.91% of the share capital of the Company and give right to 1.91% of all votes in the General Meeting. The above mentioned proposal, in line with Resolution No. 19 of OGSM of 25 May 2017 will receive an opinion from the Supervisory Board of the Company.
The Board of Directors of IMS S.A. wants to emphasise the fact that 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).