Acquisition of a solar farm by a subsidiaryCurrent report no. 22/2021 of July 2, 2021
Acquisition of a solar farm by a subsidiary
Legal basis: Article 17 sec. 1 MAR
Content of the report:
The Management Board of Wirtualna Polska Holding S.A. ("WPH") hereby informs that on July 2, 2021, Wirtualna Polska Media Spółka Akcyjna with its registered office in Warsaw ("WPM") - a subsidiary of WPH – concluded with two natural persons a shares purchase agreement in a special purpose vehicle that owns a solar farm located in Lower Silesia with a total capacity of 3 MW, occupying over 5 ha ("SPV"). On the basis of the above-mentioned agreement, WPM will acquire 200 (two hundred) shares in the share capital of SPV, representing in total 100% of votes at the meeting of shareholders of SPV. Additionally, as part of the above-mentioned agreement, WPM undertook to enter into the creditor's rights under the loan agreements granted to the SPV by the current shareholder and to repay to him the amounts due under the above-mentioned agreements ("Transaction").
The total value of the Transaction, including the payment of the sale price and the repayment of the receivables of the above-mentioned loan agreements will amount to approximately PLN 12.4 million. The rights to shares was transferred upon payment of the sale price.
The transaction is another step in the implementation of the climate neutrality strategy adopted by the WPH capital group, assuming that from 2023 all data centers used by entities from the WPH capital group will be zero-emission.
Article 17 para. 1 Regulation of the European Parliament and of the Council No. 596/2014 of 16 April 2014 on Market Abuse Regulation and repealing Directive 2003/6 / EC of the European Parliament and of the Council and Commission Directive 2003/124 / EC , 2003/125 / EC and 2004/72 / EC
Signatures of persons representing the company:
Jacek Świderski - President of the Management Board