Acquisition from MKK3 Sp. z o.o. and disposal to A&R Investments Limited of a block of shares representing 10% of the share capital of eobuwie.pl S.A.
(Current Report no. 63/2021)
Legal basis: Article 17 sec. 1 MAR - confidential information
With reference to the current reports No. 15/2021 and No. 16/2021 dated 31 March 2021 and No. 41/2021 dated 22 June 2021 the Management Board of CCC S.A. with its registered office in Polkowice ("CCC") hereby announces the acquisition from MKK3 sp. z o.o. with its registered office in Zielona Góra ("MKK3") and the disposal to A&R Investments Limited ("A&R") of a block of shares in eobuwie.pl S.A. "('eobuwie'), representing 10% of the share capital of eobuwie.
On 23 September 2021, the conditions set out in the preliminary conditional agreement for the sale of shares in eobuwie dated 31 March 2021 and in the conditional dispositive agreement dated 22 June 2021 concerning the transfer of the shareholding in eobuwie ("Conditional Dispositive Agreement") concluded with A&R were fulfilled. Therefore, in accordance with the provisions of the agreement concluded with MKK3 on 31 March 2021 , defining the terms and conditions of the acquisition of an interest in eobuwie from MKK3 ("MKK3 Agreement"), on 23 September 2021: (i) CCC acquired from MKK3 a block of shares in eobuwie representing 10% of the share capital of eobuwie, and subsequently (ii) CCC transferred to A&R the ownership of the acquired block of shares in eobuwie representing 10% of the share capital of eobuwie. The settlement of the sale price to A&R was effected by setting off the price of the block of shares against the PLN 500 million down payment made by A&R to CCC on the day of conclusion of the Conditional Disposal Agreement.
The execution of the Conditional Dispositive Agreement is the final stage of the transaction of sale of the block of shares in eobuwie to A&R, in accordance with the preliminary conditional agreements on the sale of shares in eobuwie of 31 March 2021, of which CCC informed in current report No. 16/2021. In connection with the execution of the MKK3 Agreement, the binding agreement on the sale of shares in eobuwie of 26 August 2015 was terminated, to the extent not yet executed, concluded by CCC and CCC Shoes & Bags sp. z o.o. ("CCC S&B") and shareholders of eobuwie, of which the Company informed, inter alia, in current report No. 51/2015. As a result of the execution of the described Agreements, the shareholding structure of eobuwie is as follows: CCC S&B (75%), Cyfrowy Polsat (10%), A&R (10%), MKK3 (5%).