Global law firm White & Case LLP has advised Asseco Poland S.A. on a shares buy-back via an invitation for current shareholders to submit offers for the sale of the its shares.
As part of the buy-back, which was announced on September 6, 2023, Asseco Poland acquired more than 14.8 million shares at PLN 80 per share for a total value of nearly PLN 1.2 billion, representing 17.84% of the company's share capital.
The shares buy-back changes Asseco Poland's shareholding structure, contributing to the shares' increased liquidity and the company's long term value. The shares were bought back via a public invitation to submit offers at a final price identical for all shareholders. Asseco Poland received offers from shareholders for the sale of shares which resulted in a sale price not higher than PLN 80 per share, covering a total of 26.5 million shares, and the reduction rate of offers submitted by shareholders amounted to 44.13%.
Warsaw Stock Exchange-listed Asseco Poland is the largest Polish software producer. It is the parent company of the Asseco Group, the largest provider of IT solutions in Central & Eastern Europe, which is Europe's sixth largest software producer, operates in 61 countries worldwide and employs nearly 33,000 people.
The White & Case team in Warsaw which advised on the transaction included partner Marcin Studniarek, local partner Bartosz Smardzewski and associate Dawid Książek.
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