With reference to the offer of share buyback announced on 13 September 2018, the Management Board of Soho Development Spółka Akcyjna (the "Company"), provides information received from Santander of the Brokerage Office regarding the results of the offer.
In accordance with the information obtained on September 25, 2018, purchase offers including a total of 35,244,764 shares were placed under the purchase. Therefore, the expected allocation rate will be around 20.82%. The Company will acquire a total of 7 339 449 (in words: seven million, three hundred and thirty-nine thousand, four hundred and forty-nine) treasury shares for the total amount of almost PLN 24 million, from the Company's reserve capital to cover the acquisition of the Company's own shares based on the Resolution No. 6 of the Extraordinary General Meeting of the Company of June 22, 2017, ie from funds which, pursuant to art. 348 § 1 of the CCC may be designated for distribution.
The planned transaction and settlement are due on September 27, 2018.
Source: company website, investor relations, current and periodic reports.