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Polsat Plus opens share buyback offer

29 Sep 2021

Poland’s Polsat Plus Group (formerly Cyfrowy Polsat) has launched a share buyback valued at PLN35 (USD8.85) per share. The offer includes 14.64 million registered shares and 249.17 million bearer shares, which together represent 41.24% of the share capital and 34.00% of voting rights in Polsat Plus Group. The group includes pay-TV and broadband provider Cyfrowy Polsat, as well as cellular operator Polkomtel and fixed telco Netia.

In a statement, founder and majority shareholder Zygmunt Solorz said: ‘At present we are at a very important point in time for Polsat Plus Group. Our customers are facing new challenges and new challenges always create new opportunities. I will encourage the Group to pick up the glove and respond to these challenges by opening up to new areas of business … I would like to emphasise that operations in the media and telecommunications markets … will remain crucial and the key focus of the Group.’

Poland, Plus (Polkomtel, incl. Aero2), Polsat Plus Group

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