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MESSAGE (ENGLISH VERSION) | |
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Fulfillment of a condition precedent under an annex to the Investment
Agreement of November 15, 2010.
The Management Board of Cyfrowy Polsat S.A, (“the Company”) hereby gives
notice that on December 29, 2010 it obtained information about the
materialization of the condition precedent contained in Annex No. 1 to
the Investment Agreement of November 15, 2010 (“Investment Agreement”).
The annex was executed between the Company, Zygmunt Solorz-Żak
(„Shareholder I”), Heronim Ruta („Shareholder II”), Karswell Limited
(„Shareholder III”), Sensor Overseas Limited („Shareholder IV”) (jointly
referred to as „Shareholders”), with the participation of Mat Fundusz
Inwestycyjny ZamkniÄ™ty („FIZ I”) and Koma Fundusz Inwestycyjny ZamkniÄ™ty
(„FIZ II”) (“the Annex”).
The Company disclosed the signing of the Investment Agreement in Current
Report No. 31/2010 dated on November 15, 2010 and the signing of the
Annex in Current Report No. 39/2010 dated on December 29, 2010.
The condition precedent concerned the transfer of title to the shares in
Telewizja Polsat S.A. held by Shareholder I to FIZ I and of title to the
shares in Telewizja Polsat S.A. held by Shareholder II to FIZ II.
On December 29, 2010, the Management Board of the Company received
notice in writing from Shareholder I and Shareholder II confirming the
transfer of the Telewizja Polsat S.A. shares held by them to FIZ I and
FIZ II respectively.
As a result of the foregoing, the Annex of December 28, 2010 came into
force. In connection with the Annex coming into force, so did the
conditional provisions of the Investment Agreement which were introduced
by the parties with the Annex and disclosed by the Company in Current
Report No. 39/2010 dated on December 29, 2010.
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