Current report No. 26/2018 - Echo Investment


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14-06-2018 16:49

Current report No. 26/2018

Sale of shares in EPP N.V.

In relation to current report No. 17/2017, the management board of Echo Investment S.A. (the “Issuer”) hereby announces that on 14 June 2018, its subsidiary, Echo Prime Assets B.V. (the “Company”), received information on an offer regarding a sale of 7,309,454 shares (the “Shares”) in EPP N.V. (“EPP”), with the contemplated settlement of the sale of the Shares (including the receipt of the price for the Shares) scheduled to take place no later than on 18 June 2018, and confirmed the terms of the sale of the Shares. The price of the Shares, less the transaction costs, amounts to EUR 8,408,000.

In relation to the sale of the Shares, all of the other 15,264,900 shares in EPP held by the Company will be classified by the Issuer in its financial statements as assets held for sale.

Legal basis: Art. 17 section 1 of the MAR – confidential information