Date: 3 April 2024
In reference to current report no. 8/2023 concerning the conclusion of the Preliminary Conditional Agreement for the Sale of Shares and the Shareholder Agreement (“Agreement”) with the company doing business as eZebra.pl sp. z o.o. with its registered office in Lublin (“eZebra”) and its shareholders (“Founders”), the Management Board of DINO POLSKA S.A. reports that on 3 April 2024 the aforementioned Agreement has been completed. As a result thereof, the Company has become the owner of a 72.22% equity stake in eZebra, while following the registration of the increase of the share capital held by eZebra, it will hold a 75% equity stake.
eZebra runs an internet drug store at the website of ezebra.pl that offers a wide range of cosmetics, perfumes and accessories in the beauty, health, personal hygiene and household categories.
The total price for the Shares is PLN 63 million (this amount is subject to verification according to selected actual financial data as of the Closing Date), of which PLN 11.5 million has been contributed to eZebra as a contribution-in-kind to subscribe for new shares in the share capital of eZebra and support its ongoing development, while the amount of PLN 51.5 million constitutes payment for the secondary shares.
Pursuant to the Agreement, in reference to the remaining 25% equity stake of eZebra, the Company has been given the right to acquire it (Call Option), and the Founders have been given the right to put that equity stake to the Company (Put Option), under the terms and on the dates described in current report No. 8/2023.
Legal basis: Art. 17 section 1 of Regulation (EU) No 596/2014 of the European Parliament and of the Council on market abuse (market abuse regulation) of 16 April 2014 and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC
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