8/2023 Information on the acceptance of offers as part of the purchase of own shares of CPD S.A.

Management Board of CPD S.A. with its registered office in Warsaw (“Company“), with reference to the current report 6/2023 of 7 March 2023, hereby presents a summary of the acceptance of sale offers as part of the buyback of own shares carried out by the Company on 9-21 March 2023 (“Buyback“).

On 22 March 2023, the Company received from Trigon Dom Maklerski S.A. with its registered office in Kraków (“Intermediary“), information that 155 sale offers were submitted as part of the Buy-back, covering a total number of 6,800,469 (six million eight hundred thousand four hundred and sixty nine) ordinary bearer shares with a nominal value of PLN 0.10 (ten groszy) ) each, registered in the securities depository maintained by the National Depository for Securities under the code ISIN PLCELPD00013 (“Own Shares“).

Own Shares will be acquired at a uniform price of PLN 29.90 (twenty nine zlotys 90/100) per one Own Share and for the total price of PLN 45,913,184.20 (forty five million nine hundred thirteen thousand one hundred and eighty four zlotys 20/100 groszy). The total nominal value of the acquisition of Own Shares will amount to PLN 153,555.80 (one hundred and fifty three thousand five hundred and fifty five zlotys and 80/100 groszy).

Due to the fact that the total number of the Company’s shares offered for purchase by the Company’s shareholders under the Buy-back exceeded the total number of shares that the Company intends to buy under the Buy-back, i.e. 1,535,558 (one million five hundred and thirty-five thousand five hundred and fifty-eight) CPD S.A., the Company will reduce the offers for the sale of the Company’s shares, applying the reduction rules described in detail in the invitation to submit offers for the sale of the Company’s shares as part of the Buy-back. The weighted average reduction rate of the submitted bids calculated from individual reduction rates will be 77.66%.

Own Shares to be purchased by the Company will constitute 17.13% of the share capital of the Company and 21.05% of the total number of votes at the general meeting of the Company. Pursuant to Art. 364 § 2 of the Code of Commercial Companies, the Company will not exercise Own Share rights, except for the right to sell them or perform activities aimed at retaining these rights. The Company was the entity purchasing the shares as part of the Buy-back, and the Own Shares are to be purchased for redemption pursuant to Art. 362 § 1 point 5) k.s.h.

The conclusion and settlement of the Own Shares acquisition is expected on 24 March  2023. The Own Shares acquisition will take place outside the regulated market, through the National Depository for Securities.

 

Legal basis:

Art. 17 sec. 1 of MAR – confidential information.

 

Signatures of persons authorized to represent:

Elżbieta Wiczkowska, Member of the Management Board, 22 March 2023

Iwona Makarewicz, Member of the Management Board, 22 March 2023