Polsat Plus Group (operating under the name of Cyfrowy Polsat until August this year), under the agreement with Zygmunt Solorz and his company Reddev Investments Limited, as part of a tender offer, wants to buy a maximum of 82.904 million shares of Polsat Plus Group at PLN 35 per share. The call is to be announced on Tuesday, September 28. The Management Board of Polsat Plus Group estimates that the total cost of the tender offer will not exceed the total amount of PLN 2.93 billion.

As stated, the management board also decided to establish the collateral required by law in connection with the announcement of the tender offer in the amount of no more than PLN 2.91 billion and in this respect to conclude an agreement the subject of which will be ordering the bank to issue a bank guarantee and the possibility for the company to take out a non-revolving working capital loan in the amount corresponding to the amount of the security, the funds from which may be used only to finance the purchase price of the company's shares acquired under the tender offer.

The supervisory board of Polsat Plus Group agreed to announce a tender offer, obtain collateral and conclude an agreement. Pursuant to the agreement, the entities purchasing the shares under the tender offer will be Reddev and Polsat Plus Group. "Due to the restrictions imposed on the company by the Commercial Companies Code, Reddev will also be the entity purchasing the company's shares under the tender offer. legal requirements that prevent the company from carrying out the tender offer on its own," the group said.

The purchase of shares under the tender offer will be conditional on the general meeting adopting a resolution authorizing the management board to acquire the shares and creating a reserve capital of at least PLN 2.91 billion.