The Board of Directors of IMS S.A. (“Company”, “Issuer”) with reference to current reports No. 51/2019 of 27.11.2019 and 52/2019 of 28.11.2019 informs that on 20th December this year the buy-back of own shares within the 9th Tranche of the Own Shares Buy-back Programme executed under Resolution No.19 of 25 May 2017 in connection with Resolution of the Annual General Meeting No.26 of 6 June 2018 was completed and cleared.
Within this Tranche the Company acquired 730,000 shares of the total nominal value of PLN 14,600, representing 2.25% of the Issuer’s share capital and giving right to 730,000 votes in the GM (2.25% of total votes). The shares were acquired by the Company at the price of PLN 3.70 per share.
As at 20 December 2019 the Issuer holds 949,245 own shares of the nominal value of PLN 19,984.90, which constitute 2.93% of the share capital of the Issuer and give right to 949,245 votes in the GM (2.93% of total votes).
The Issuer, pursuant to Article 364 section 2 of the Commercial Companies Code, does not exercise its right to vote from shares held.
The Board of Directors of IMS S.A. will recommend that the coming General Meeting of Shareholders redeem all own shares held.
Detailed legal basis: Article 2 paragraph 2 and 3 of the COMMISSION DELEGATED REGULATION (EU) 2016/1052