Nutit announced a tender offer for 15.41% of Impel shares at PLN 13 apiece

14 December 2020

Nutit a.s., as a party to the agreement of Impel shareholders, announced a call to subscribe for the sale of 1.98 million shares of the company, representing 15.41% of the share capital and 11.1% of votes at the general meeting. The shares covered by the tender offer will be purchased at PLN 13 per share, the acquirer and the intermediary announced.

The Summoner acts in concert with the following entities: Grzegorz Dzik, Józef Biegaj, Fedha sp.z o.o., Trade Bridge a.s. The buyers of the shares will be Nutit (1) and Trade Bridge a.s. (2).

“After the tender offer, the buyer 1 intends to achieve up to 10,393,653 votes at the issuer’s general meeting, entitling to 58.18% of votes at the issuer’s general meeting of shareholders, represented by 7,493,653 shares, representing 58.25% of the issuer’s share capital. After the tender offer, the buyer 2 intends to achieve up to 6,283,785 votes at the issuer’s general meeting, entitling to 35.17% of votes at the issuer’s general meeting of shareholders represented by 4,183,785 shares, which also constitute 32.52% of the issuer’s share capital “- we read in the message.

The tender offer will be accepted from January 4, 2021 to February 3, 2021. The expected date of the share purchase transaction on the WSE is February 8, 2021, and the expected transaction settlement date – February 11, 2021.

If, after the summon and the purchase of shares under it, the summoner and the other parties to the agreement reach or exceed 95% of the total number of votes at the general meeting of Impel, a compulsory buyout of shares belonging to other shareholders will be carried out, it was also announced.

“After the issuer’s general meeting adopts the resolution referred to in Art. 91 (4) of the Act on Public Offering, the summoning party intends to submit an application to the Polish Financial Supervision Authority for consent to withdraw the shares from trading on the regulated market” – it was also announced.

The Impel Group is a leading provider of services in Poland (including maintenance of order and cleanliness, property protection, financial services) for institutions and enterprises.

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