The Management Board of Cyfrowy Polsat S.A. (the “Company”) hereby gives notice that Polkomtel sp. z o.o. (“Polkomtel”), an indirect subsidiary of the Company, which directly and indirectly holds 1,379,597,139 shares in Midas S.A. (“Midas”), constituting 93.237% of the Midas share capital, on 25 May 2016 announced a squeeze-out of the shares in Midas held by all the remaining shareholders of that company (the “Squeeze-Out”).
The squeeze-out date was set for 31 May 2016, and the squeeze-out price is PLN 0.81 (eighty one grosz) per one share in Midas.
The detailed terms of acquiring the Midas shares under the Squeeze-Out are laid out in the publicly disclosed Information about the intention to acquire Midas shares by way of the Squeeze-Out, prepared by Polkomtel in accordance with the requirements defined in the Ordinance of the Minister of Finance of 14 November 2005 on the acquisition of shares in a public company by way of a squeeze-out (Dz. U. of 2005, No. 229, item1948).