Conclusion of a share acquisition agreement in the increased share capital of Gino Rossi S.A.

(Current Report No. 32/2019)

24.05.2019 /Issuer/

Legal basis:
Article 17 sec. 1 MAR - Confidential information

The Management Board of CCC S.A. ("Issuer") informs that on 24 May 2019 it concluded with Gino Rossi S.A. ("Gino Rossi") - agreement for the acquisition of shares in the increased share capital of Gino Rossi ("Agreement"). Under the Agreement, the Issuer accepted an offer to subscribe for 120,500,000 (one hundred and twenty million, five hundred thousand) newly created shares in the share capital of Gino Rossi, i.e. ordinary registered shares of series K with a nominal value of PLN 0.50 (fifty grosz) each and a total nominal value of PLN 60.PLN 250,000 (sixty million two hundred and fifty thousand zlotys), at the issue price of PLN 0.50 (fifty grosz) per share and the total issue price of PLN 60,250,000 (sixty million two hundred and fifty thousand zlotys) ("Shares"). The Shares will be ordinary registered shares of series K, to which no special privileges or restrictions will be attached, which will be issued as part of the increased share capital of Gino Rossi, pursuant to Resolution No. 4 of the Extraordinary General Meeting of Gino Rossi held on 20 March 2019.

The issue price shall be settled by a contractual set-off of mutual receivables of the parties.

Following the registration of the increase by the registration court, the Issuer will hold in total 153,783,510 shares representing 90.02% of the share capital of Gino Rossi and entitling to 153,783,510 votes at the General Shareholders Meeting of Gino Rossi, i.e. 90.02% of the total number of votes in Gino Rossi.