Closing of the transaction of sale and purchase of 100% of shares in Invia Group SE
Current Report No. 9/2025 dated 24 April 2025
Closing of the transaction of sale and purchase of 100% of shares in Invia Group SE
Legal basis: Article 17, sec. 1 of MAR
Content of the report:
The Management Board of Wirtualna Polska Holding S.A. ("Issuer", "WPH", "Company"), in reference to Current Report No. 23/2024 of December 23, 2024, Current Report No. 6/2025 of March 31, 2025 and Current Report No. 8/2025 of April 7, 2025, hereby announces that it has received information about the completion on April 24, 2025 of the activities related to the closing of the transaction of acquisition of 100% of shares in Invia Group SE ("Invia") from European Bridge Travel a.s. ("EBT") by Wirtualna Polska Media S.A. ("WPM"), a subsidiary of the Issuer ("Transaction").
As a result of the completion of the Transaction, WPM:
1) acquired 10 shares representing 100% of the share capital of Invia;
2) paid the price for the shares in the amount of EUR 190.3 million;
3) repaid all loans granted to Invia by EBT in the amount of EUR 52.5 million (the "Indebtedness").
The purchase price of Invia shares and the amount of repaid Indebtedness as of the Transaction closing date amounted to EUR 242.8 million ("Total Transaction Value"). The Total Transaction Value may be adjusted for the actual value of the net debt as of the completion date. The Issuer will inform about the verification and final determination of the Total Transaction Value in a separate report.
At the same time, in reference to the current report no. 4/2025 dated February 7, 2025, in connection with the closing of the Transaction, the Company informs that the condition precedent for the entry into force of the conditional annex to the loan agreement dated March 20, 2024 ("Loan Agreement"), referred to in the aforementioned report, has been fulfilled. The Total Transaction Value was financed from funds paid under the Loan Agreement.
Legal basis:
Article 17, sec. 1 of European Parliament and Council Regulation No 596/2014 of 16 April 2014 on market abuse (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 the representatives of the Company:
Jacek Świderski – President of the Management Board/CEO,
Elżbieta Bujniewicz – Belka – Member of the Management Board/CFO