Current Report No. 41/2021

Execution of agreements for the sale of shares in eobuwie.pl S.A.

(Current Report No. 41/2021)

22.06.2021 /the Issuer/

Legal basis:
Article 17 Section 1 of MAR – inside information


With reference to Current Reports No. 15/2021 and No. 16/2021, dated 31 March 2021, the Management Board of CCC S.A., with its registered office in Polkowice (“CCC”) announces that in connection with the satisfaction or waiving the conditions precedent set forth in the conditional preliminary agreements concerning the sale of shares in eobuwie.pl S.A. (“eobuwie”), dated 31 March 2021, executed with Cyfrowy Polsat S.A. (“CPSA”) and A&R Investments Limited (“A&R”) and pursuant to the provisions of the Agreement dated 31 March 2021 executed with MKK3 sp. z o.o with its registered office in Zielona Góra (“MKK3”) setting forth the terms for the acquisition of a stake in eobuwie from MKK3 (the “MKK3 Agreement”), on 22 June 2021: (i) CCC acquired a stake of shares in eobuwie from MKK3 representing 10% of the eobuwie share capital for the price of PLN 360 million paid on the transaction date; (ii) CCC sold a stake of shares in eobuwie to CPSA representing 10% of the eobuwie share capital for the price of PLN 500 million paid on the transaction date; (iii) CCC entered into a conditional share transfer agreement with A&R for the transfer of ownership of a stake of shares in eobuwie representing 10% of eobuwie share capital for the price of PLN 500 million. On the day of the execution of the conditional share transfer agreement A&R paid CCC PLN 500 million as an advance towards the sale price. Pursuant to the share transfer agreement, the transfer of the stake in eobuwie representing 10% of its share capital to A&R will be effected promptly upon its acquisition by CCC from MKK3 in accordance with the terms of the MKK3 Agreement within the time limit set forth in the conditional share transfer agreement, but no later than 6 months following its execution. By way of security for the performance of the above conditional share transfer agreement, CCC Shoes & Bags sp. z o.o., a CCC subsidiary, entered into a registered pledge agreement under which CCC Shoes & Bags sp. z o.o., as the pledgor, established a pledge on a stake of shares in eobuwie, representing 10% of the share capital of eobuwie, in favor of A&R, as the pledgee.

Signatures:

1/ Karol Półtorak - Vice-President of the Management Board

2/ Hanna Kamińska - Proxy

See also

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