TVN SA informs

The Management Board of TVN S.A. (the "Company"), in connection with the execution of the buy-back programme on the terms as provided in resolution No. 28 of the Company's Annual General Meeting of the Shareholders dated 11 April 2014 on the adoption of the acquisition of the Company's own shares programme and describing the procedures and conditions of their redemption (published in current report No. 59/2014 dated 11 April 2014), hereby announces the offer of purchase of no more than 7.5 million (seven and half million) shares in the Company which constitute no more than 2.14% of the Company's share capital (the "Offer"). The price offered for the purchase of one share is PLN 20.00 (twenty). The Company will allot a maximum of PLN 150 million (one hundred and fifty million) for the buy-back of the shares under the Offer. The full text of the Offer is attached as Schedule 1 to this current report.Disclaimer:The Offer is not a public tender offer to subscribe for the sale or exchange of shares as referred to in Article 72 and the following of the act dated 29 July 2005 on public offering, conditions governing the introduction of financial instruments to organised trading, and public companies (amended and restated: Journal of Laws of 2013, item 1382, as amended). In particular, the Offer is not subject to Article 77 and 79 of the above Act or the Regulation of the Minister of Finance dated 19 October 2005 regarding the forms of public tender offers to subscribe for the sale or exchange of shares in a public company, the detailed procedures of the announcement thereof, and the conditions of acquiring shares in result of such tender offers (Journal of Laws No. 207, item 1729, as amended). The Offer is also not an offer as defined in Article 66 of the Polish act dated 23 April 1964 - the Civil Code (amended and restated: Journal of Laws of 2014, item 121, as amended). The Offer is not an offer of purchase and does not solicit the sale of any securities in any state where the making of any such offer or soliciting the sale of securities would be illegal or would require any permits, notifications or registration. The Offer document does not constitute investment, legal or tax advice. In any and all matters related with the Offer the investors should consult investment, legal and tax advisors. An entity that responds to the Offer bears all the legal, financial and tax consequences of the investment decisions made thereby.

More information on page: biznes.pap.pl

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