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19.10.2017
Current report No. 51/2017
Current report No. 51/2017

Information on the final terms of the sale by Lisala sp. z o.o. of 40.8 million existing shares in Echo Investment S.A. in the offering

Not for release, publication or distribution directly or indirectly, in or into the United States of America, Australia, Canada or Japan or in any other jurisdiction where to do so would be restricted or prohibited by law. Further to current reports No. 33/2017 dated 26 September 2017, 38/2017 dated 4 October 2017 and 50/2017 dated 17 October 2017, Echo Investment S.A. (the “Company” or “Echo”) hereby announces that today the Company has been informed by its main shareholder – Lisala sp. z o.o. (the “Selling Shareholder”) – about the total number of the existing Company"s shares to be sold by the Selling Shareholder under or in connection with the undocumented offering of the Company"s shares, as disclosed to public by the Company in its current report No. 50/2017 dated 17 October 2017 (the “Offering”). The Selling Shareholder notified the Company that: (1) it has decided to sell in the Offering 40,800,000 existing shares of the Company at the sale price per one such share equal to PLN 4.6 (the “Sale Price”); (2) in connection with the Offering, it has decided to sell: – to Mr Nicklas Lindberg (President of the Company"s Management Board) 460,663 existing shares of the Company at the sale price per one such share equal to the Sale Price and the total sale price of all such shares equal to PLN 2,119,050; and – to Mr Maciej Drozd (Deputy President of the Management Board) 184,265 Company"s existing shares at the sale price per one such share equal to the Sale Price and the total sale price of all such shares equal to PLN 847,620.

This material is not a promotional material in the meaning of article 53 of the Polish Act on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organized Trading and on Public Companies dated 29 July 2005, as amended.
This material or any part hereof is not intended for distribution, whether directly or indirectly, within the territory of or in the United States of America or other jurisdictions where such distribution, publication or use may be subject to restrictions or may be prohibited by law. The securities referred to in this material have not been and will not be registered under the U.S. Securities Act, and may only be offered or sold within the United States under an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act.
This material does not contain or constitute or form part of any offer or invitation, or any solicitation of an offer, for securities, and under no circumstances shall form the basis for a decision to invest or not in the securities of the Company. Legal basis: Art 17 section 1 MAR – confidential information.

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