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05/08/2014 PPF Arena 2 B.V.: Detailed results of the Mandatory Tender Offer for the shares of O2 CR

PPF Arena 2 B.V., a member of PPF Group, announces the results of the Mandatory Tender Offer (“MTO”) concerning the shares issued by O2 Czech Republic a.s. (O2 CR).


PPF Arena 2 B.V., a member of PPF Group, announces the results of the Mandatory Tender Offer (“MTO”) concerning the shares issued by O2 Czech Republic a.s. (O2 CR). 

On the basis of the MTO, published on 2 June 2014, the offer period of which ended on 30 June 2014, PPF Arena 2 B.V. has acquired a total of 22,596,351 shares of O2 CR, each with a nominal value of CZK 87. Together they represent approximately 7.159% of the registered capital and 7.284% of the voting rights in O2 CR. 

With regard to the number of the shares acquired and the acquired share of the voting rights and registered capital of O2 CR, the conditions which would trigger an obligation to make an additional offer were not met. 

During the tender offer period, PPF Arena 2 B.V. received Acceptance Notices for a total of 50,815,238 shares of O2 CR, representing approximately 16.099% of the registered capital and 16.380% of the voting rights. However, because of material formal shortcomings in some of the Acceptance Notices which were at variance with the requirements of the Offer Document, PPF Arena 2 B.V. has been compelled to reject Acceptance Notices concerning a total of 28,218,887 shares of O2 CR and has not acquired the said shares. 

PPF banka a.s., being the securities trader and the direct participant of the Central securities depository, has been mandated by PPF Arena 2 B.V. to act on its behalf in the process of mandatory tender offer and to act as the agent responsible for securities settlement  and cash consideration of Telefónica Czech Republic shares.