Report 23/2023 Tender offer for shares in STS Holding S.A. announced by the Entain Holdings (CEE) Ltd.
With reference to Current Report No. 16/2023 of June 13, 2023, regarding obtaining information on signing of the transaction documentation by the majority shareholders of STS Holding S.A. with its registered office in Katowice (the “Company” or “Issuer”) in connection with a potential tender offer for the sale of shares in the Company to be announced by Entain Holdings (CEE) Ltd. (“Entain”) and disclosure of delayed inside information, the Management Board of the Company informs that on July 7, 2023, it became aware of the announcement by Entain of a tender offer for shares of the Company (the “Tender Offer”).
The Tender Offer was announced in connection with the Entain’s intention to purchase 156,725,958 shares of the Issuer with a nominal value of PLN 1.00 each, representing in total 100% of the Company’s share capital. The shares covered by the Tender Offer will be purchased at the price of PLN 24.80 per share.
The Tender Offer was announced pursuant to article 72a section 1 of the Act on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organized Trading, and Public Companies, dated July 29, 2005 (consolidated text, Journal of Laws of 2022, item 2554) (the “Public Offering Act”), and in and in accordance with the Regulation of the Minister of Finance of 23 May 2022 on the model tender offers to subscribe for the sale or exchange of shares in a public company, the manner and procedure for submitting and accepting subscriptions under the tender offer and permissible types of security (Journal of Laws 2022, item 1134).
Subscriptions for shares under the Tender Offer will be accepted from July 14, 2023 to August 16, 2023. The expected date of settlement of the share purchase transaction in the Tender Offer is August 24, 2023.
Legal basis: Article 17.1 of the MAR – confidential information