Other information for shareholders

PPF completed its buyout of O2 shares from small investors

4 March 2015

PPF Group, which is the majority investor in O2 Czech Republic, has published the following notice earlier today:

PPF Group has acquired 362,164 shares in O2 Czech Republic a.s., comprising about 0.12% of O2’s share capital, after the settlement as of 27 February as a result of the share buyout from retail shareholders.

 

PPF will make an offer to small investors to buy their O2 shares for the June 2014 price

19 November 2014

PPF Group, which is the majority investor in O2 Czech Republic, has published the following notice earlier today:

PPF Arena 2 B.V., which together with PPF A3 B.V. owns 83,15% stake in O2 Czech Republic a.s. (O2), will offer to individuals that were shareholders on 15 August 2014 an option to sell their shares with a limit of two hundred shares per shareholder for the price of CZK277.15 per share, which is the price (after subtracting the dividend paid of CZK18 per share), for which the company carried out the so called mandatory tender offer in June. This offer is not a public tender offer to buy shares in accordance with § 322 of the Business Corporations Act and therefore is not subject to the rules for a public tender offer to buy shares from shareholders. For this reason PPF Arena 2 B.V. may in this way buy only up to 1% of all shares of O2. The law prohibits more; PPF nevertheless assumes that in practice the offer will be applicable to approximately 40,000 small shareholders.

The majority owner of PPF Group Petr Kellner has commented on the reasons of this exceptional move: "The offer is directed in particular to small shareholders, that obtained their shares in the voucher privatisation. We want to proceed with maximum correctness and we are therefore giving to these small shareholders, that are not professional investors, a second chance to sell their shares for the prices, that corresponds to the price in the so called mandatory offer."

Technically, the buyout will be processed similarly to the mandatory tender offer in June this year, that is via PPF bank and the same documents will have to be submitted as in the case of the manadatory offer. The period when the offer can be accepted is from 1 December 2014 to 16 January 2015. Detailed information will be published next week at www.ppfarena2.eu.