Subject: Commencement of buyback of Company shares
Legal basis: Art. 17 section 1 MAR – inside information
The Management Board of CD PROJEKT S.A. with a registered office in Warsaw (hereinafter referred to as “the Company”) hereby announces that earlier today it had undertaken a decision concerning the conditions and circumstances of a share buyback program.
The Management Board decided to proceed with buyback of shares in line with Resolution 22 of the Ordinary General Meeting of the Company of 24 May 2016 concerning approval of the buyback of the Company’s own shares for redemption.
The Management Board has contracted an investment firm Trigon Dom Maklerski S.A. to perform the buyback of Company shares on terms specified in art. 5 of the Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 supplementing Regulation (EU) no. 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the conditions applicable to buy-back programmes and stabilisation measures, and to domestic legislation.
Own shares will be purchased on the official regulated market of the Warsaw Stock Exchange by way of broker’s orders, including block trades.
Within the abovementioned buyback program the Company will allot an amount not exceeding 100 000 000 (one hundred million) PLN for the buyback program and will acquire no more than 2 000 000 (two million) Company shares. Shares will be bought back for not less than 1.00 PLN and not more than 200.00 PLN per share, and the program will furthermore conform to Art. 3 of Regulation no. 2016/1052.
The buyback program will be carried out between 5 October 2022 and 28 October 2022 inclusive, unless the amount allotted for the buyback are utilized in full or the Management Board decides to end it at an earlier date.
The goal of the buyback program is voluntary redemption of shares.
The Management Board will provide further public disclosures concerning the number of shares purchased.
Disclaimer: This English language translation has been prepared solely for the convenience of English speaking readers. Despite all the efforts devoted to this translation, certain discrepancies, omissions or approximations may exist. In case of any differences between the Polish and the English versions, the Polish version shall prevail. CD PROJEKT, its representatives and employees decline all responsibility in this regard.