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MESSAGE (ENGLISH VERSION) | |
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Fulfillment of a condition precedent
under a material agreement concluded by Cyfrowy Polsat SA
The Management Board of Cyfrowy Polsat S.A.
(„Company”) announces that on January 5, 2011 it received a decision of
the District Court for the Capital City of Warsaw in Warsaw, XIII
Business Division for the National Court Register regarding the
registration of a conditional increase of the Company’s share capital.
The adoption of the resolution regarding the conditional share capital
increase was disclosed by the Company in its current report No. 36/2010
of December 17, 2010.
The registration of the conditional share
capital increase fulfills one of the conditions precedent set out in the
Investment Agreement executed on November 15, 2010 between the Company
and the shareholders of Telewizja Polsat S.A., namely Zygmunt
Solorz-Żak, Heronim Ruta, Karswell Limited and Sensor Overseas Limited
which obligated the shareholders of Telewizja Polsat S.A. to sell to the
Company 100% of shares in Telewizja Polsat S.A., as amended in Annex No.
1 of December 28, 2010 pursuant to which the investment funds Koma
Fundusz Inwestycyjny Zamknięty and Mat Fundusz Inwestycyjny Zamknięty
acceded to the Investment Agreement.
The Company disclosed the conclusion of the
Investment Agreement in its current report No. 31/2010 of November 15,
2010, and execution of Annex No. 1 to the Investment Agreement in its
current report No. 39/2010 of December 29, 2010.
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