The Board of Directors of IMS S.A. (“Company”, “Issuer”) submits attached the schedule for the 4th Tranche of Own Shares Buy-back Programme. Under the 4th 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 of Directors informs that on 4 September this year it adopted the resolution on the proposed price (consideration) and the number of shares acquired under the 4th Tranche of the Buy-back Programme. The proposed number of shares which would be the subject matter of the Company’s acquisition is 300,000 (say: three hundred thousand) and the proposed price (consideration) is PLN 3.20 (say: three zloty 20/100) per share. The above mentioned proposal will receive an opinion from the Supervisory Board of the Company.
The shares which would be the subject matter of the acquisition under the 4th Tranche of the Buy-back give right to 300,000 votes, constitute 0.90% of the share capital of the Company and give right to 0.90% of all votes in the General Meeting.
The 4th Tranche of Own Shares Buy-back is conducted based on Resolution No.19 of 25 May 2017 in connection with Resolution No.26 of 6 June 2018 of the Annual General Meeting of Shareholders of IMS S.A. and Resolution No.1 of 29 June 2018 of the Board of Directors of IMS S.A.