RB nr 42/2007
Komisja Nadzoru FinasowegoLegal basis: § 5 subpar. 1 pt. 1 of RO and § 7 of RO
The Management Board of MCI Management S.A. informs that on June 27, 2007 the Fund took up 80 shares in the Czech company Geewa s.r.o. based in Prague which maintains the platform Internet with online games and community elements. MCI Management SA paid for the purchased shares in cash EUR 600,000 that is on average EUR 7,500 per one share. The purchased shares represent in total 51% of the share capital of the company. The capital received from MCI Management SA shall be used by Geewa s.r.o. on development of current business and expansion of the Company into the markets of Central Europe including Polish and global market.
The transaction concluded on June 27, 2007 is the first round of the investment in Geewa s.r.o. The objective of MCI Management SA is to invest over EUR 1,150,000 in the shares of the company by the end of 2008. The investment agreement includes all essential terms and conditions of effective management and exit from the investment (the right to appoint a member of the Supervisory Board of and the Management Board, Tag-Along Right, Drag-Along Right) as well as provides preferential conditions for MCI at the moment of liquidation or bankruptcy of the Company.
The transaction the Czech Republic which was conducted on behalf of MCI by Investment Director Ondrej Bartos who became Member of the Supervisory Board of Geewa s.r.o. and Investment Manager Jan Habermann who became Member of the Management Board of Geewa s.r.o. is another investment confirming the realization of the plans of the Fund regarding the markets of Central and Eastern Europe.
The investment in Geewa s.r.o. is a long-term investment. There are no connections referred to in § 7 subpar. 6 of RO.
The purchased assets which represent over 20% of the share capital of Geewa s.r.o. and they are considered assets of significant value.