ABC Data S.A. (WSE:ABC) entered into an agreement to acquire 81.3% stake in S4E S.A. (WSE:S4E) from Bartosz Stebnicki, Joanna Gawad-Stebnicka, Roman Pudelko and others for PLN 26.2 million on August 22, 2016. ABC will acquire the stake for the transaction value between PLN 19.8 million and PLN 25.4 million. On completion of this transaction, ABC Data paid PLN 20.8 million and it may be obliged to pay additional payment of PLN 5.5 million in two payments, where fail value of conditional payment I is PLN 2.1 million and conditional payment II is PLN 3.4 million. Under the agreement, Bartosz Stebnicki and Joanna Gawad-Stebnicka will transfer 0.16 million shares and remaining 1.2 million shares will be acquired from other shareholders who have committed to sell their shares under other investment agreements signed with Bartosz Stebnicki. Roman Pudelko sold 20.4% in the transaction. The results of S4E will be included in the consolidated results of the ABC Data S.A. Corporate Group from the moment of acquiring the controlling interest of shares. The transaction has been approved by anti-monopoly watchdog UOKiK. The expected closing of the transaction is March 31, 2017.

ABC Data S.A. (WSE:ABC) completed the acquisition of 81.3% stake in S4E S.A. (WSE:S4E) from Bartosz Stebnicki, Joanna Gawad-Stebnicka and others on November 15, 2016.