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Asseco Poland announces a tender offer for 100 percent of shares in Sygnity

On 22 February 2012, Asseco Poland has announced a tender offer for up to 100% of shares in Sygnity, proposing to pay PLN 21 per share in cash.

On 22 February 2012, Asseco Poland has announced a tender offer for up to 100 percent of shares in Sygnity, proposing to pay PLN 21 per share in cash. Asseco Poland offers to acquire 11,886,242 ordinary bearer shares in Sygnity, in a transaction totalling PLN 250 million.

 

The tender offer aims at further development of the Asseco Group. The Management Board believes that entering into cooperation with Sygnity will help strengthen the Asseco Group’s market position in the sectors of banking, public administration, power industry, and enterprises. Consequently, the Asseco Group will enhance its ability to compete with the world’s largest IT players.


“I am confident that this transaction would have a positive impact on the professional development of Sygnity’s employees. The exchange of know-how and the ability to work within international business divisions of the Asseco Group would both provide great opportunities for long-term careers of the professional teams at Sygnity,” says Adam Góral, President of the Management Board of Asseco Poland.


In the Management’s opinion, the price per share proposed by Asseco Poland shall be perceived as attractive by Sygnity’s shareholders. It offers a 22% premium over the weighted average market price in the last 3 months; whereas, in the case of 6-month period such bonus is 18%. Additionally, the Sygnity’s PE ratio is 29.8 as calculated on the basis of the company's recently announced results for the four quarters of 2011.
The tender offer shall be effectively completed on condition Asseco Poland acquires a minimum of 7,951,900 Sygnity shares, representing 66.9% of the share capital of the target company, and obtains an unconditional approval from the Polish Office of Competition and Consumers Protection for obtaining control over the target company (or upon expiry of the statutory deadline for giving such approval).

 

The tender offer schedule is presented below:
• 22 February 2012 – announcement of the tender offer and filing an application with the Polish Office of Competition and Consumers Protection (OCCP);   
• 12 March 2012 – commencement of the acceptance of tenders;
• 10 April 2012 – completion of the acceptance of tenders (subject to the OCCP’s approval);
• 13 April 2012 – date of concluding the transaction on the Warsaw Stock Exchange;
• 18 April 2012 – settlement of the transaction.

 

The historical development of Asseco Poland, involving among others the consolidation of the information technology market, demonstrates highly effective utilization of professional resources of companies incorporated into the Group. Owing to the successful implementation of such strategy, Asseco Poland holds a leading position in the domestic IT market, and ranks seventh among the largest European software vendors according to the Truffle100 ranking.

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Information obligation

  1. Administratorem Pani/Pana danych jest Asseco Poland S.A. z siedzibą w Rzeszowie przy ul. Olchowej 14, 35-322 Rzeszów (administrator).
  2. Informujemy, że podanie danych osobowych zawartych w formularzu jest dobrowolne, ale niezbędne do realizacji zapytania objętego formularzem, oraz że nie podejmujemy decyzji w sposób zautomatyzowany i Pani/Pana dane nie są profilowane. Przysługuje nam prawo przetwarzania Pani/Pana danych na podstawie naszego prawnie uzasadnionego interesu jako administratora danych, w celach opisanych w Polityce Prywatności Asseco Poland S.A.
  3. Przysługuje Pani/Panu prawo dostępu do Pani/Pana danych oraz prawo żądania ich sprostowania, przenoszenia, usunięcia lub ograniczenia ich przetwarzania oraz wniesienia sprzeciwu wobec przetwarzania.
  4. Przysługuje Pani/Panu również prawo wniesienia skargi do organu nadzorczego zajmującego się ochroną danych osobowych.
  5. Pani/Pana dane mogą być przekazywane podmiotom przetwarzającym dane osobowe na zlecenie administratora, m.in.:
    • podmiotom prowadzącym działalność pocztową lub kurierską,
    • podmiotom wspierającym administratora w prowadzonej działalności na jego zlecenie, w szczególności dostawcom zewnętrznych systemów wspierającym działalność administratora,
    przy czym takie podmioty przetwarzają dane na podstawie umowy z administratorem i wyłącznie zgodnie z poleceniami administratora.
  6. W celu skorzystania z powyższych praw należy skontaktować się z administratorem danych lub z inspektorem ochrony danych na adres [email protected]
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