On 9 June 2009, MCI Capital TFI, acting on behalf of MCI PV FIZ, concluded an agreement to sell all shares of Bankier.pl to MIH Allegro B.V.
MCI Management SA is happy to inform that MCI Capital Towarzystwo Funduszy Inwestycyjnych acting on behalf of MCI Private Ventures Fundusz Inwestycyjny ZamkniÄty, on 9 June 2009, concluded an agreement to sell by MCI 18.4% share package in Bankier.pl SA to MIH Allegro B.V.
MIH Allegro is an investment vehicle owned by Myriad International Holdings B.V., a holding company and direct subsidiary of the company listed on stock exchanges in Johannesburg and London, Naspers Limited. The Naspers Group controls, among others, the Allegro Group and GG Network SA (provider of Gadu-Gadu instant messenger and other online services).
According to the concluded agreement, MCI irrevocably obliges to sell to MIH Allegro the whole package of shares in Bankier owned by the fund and obliges not to answer possible counter calls, competitive to the call of MIH Allegro. In order to fulfill the agreement, MIH Allegro announced on 9 June 2009, a call to enroll in the sale of 100% shares of Bankier.pl SA.
âWe do realize the present situation on the market is tough. The more we are pleased with the decision of MIH Allegro to announce the call to enroll in the sale of 100% shares of the largest financial portal in Poland. With this, the present shareholders of Bankier will have an equal chance to participate in the transaction. In our opinion, the price PLN 8.70 offered in the call is attractive and comprises a great occasion for all shareholders to exit the investment on equal terms with MCI.â â said Konrad Sitnik, Senior Partner of MCI Management SA.
MCI Management SA additionally highlights the fact that at the annual general meeting of shareholders of Bankier to be held on 23 June 2009, the shareholders will vote on paying dividends in the proposed amount PLN 2.8M, that is 29 groszes per share. Upon approval of the resolutions by the assembly, the total price per share, including the price proposed in the call and dividend, will amount to PLN 9.09 per share, which means a 16 per cent premium in relation to the average price of shares of Bankier listed over the last six months.
MCI Management SA is one of the founders of Bankier, the leading independent financial portal in Poland. MCI Management SA played the leading role in the first successful public offering of Bankier in 2006. With the present situation on the stock markets, the announcement of the call is in the opinion of MCI Management SA a very good outcome of the process of seeking a strategic investor, which was pursued by Bankier for over a year.