Announcements

OEG is increasing to 100% its holding in Casino Polonia-Wrocław sp. z o.o., a company that manages operations in Poland

Posted on 14.01.2016

OEG group company Baina Investments sp. z o.o. signed the agreement to acquire a 20% holding in the Polish subsidiary Casino Polonia-Wrocław sp. z o.o., increasing OEG group holding to 100%. The nominal value of the acquired shares is PLN 985,628.40 (EUR 1 = PLN 4.3458). The share capital of Casino Polonia-Wrocław sp. z o.o. amounts to PLN 4,928,142.00 (EUR 1 = PLN 4.3458).

A 20% holding in the subsidiary Casino Polonia-Wrocław sp. z o.o. is being acquired from Marek Sobiesiak. Parties have agreed not to disclose the transaction price. The transaction will have no material impact on OEG’s profit, assets or liabilities.

Following the deal, OEG will own 100% of Casino Polonia-Wrocław sp. z o.o., which in engaged in casino operations on the Polish market.

Although for the purposes of the Rules and Regulations of NASDAQ OMX Tallinn Stock Exchange, the transaction is considered to be a transaction with a related party (Marek Sobiesiak had a qualifying holding in OEG’s subsidiary Casino Polonia-Wrocław sp. z o.o.), this does not constitute material transaction with a related party. The management board and the supervisory board members of OEG are not personally interested in this transaction in any other way. Under the transaction, OEG did not pay to Marek Sobiesiak using its shares, and Marek Sobiesiak owns no shares in OEG.

 

Madis Jääger
CEO
Olympic Entertainment Group AS
Tel + 372 667 1250
E-mail madis.jaager@oc.eu
http://www.olympic-casino.com

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