PPF Group announces that O2 Czech Republic a.s. shares will be withdrawn from trade on the Prague Stock Exchange at the end of February, 2022, and consideration will be paid by the end of April, 2022.
In accordance with the resolution of the general meeting, PPF Telco B.V., O2 CR’s principal shareholder, is launching the process of transferring the O2 CR’s shares to the principal shareholder and buy out shares from the remaining O2 CR shareholders. PPF Telco is a member of PPF Group. The buyout price per O2 CR share has been approved by the Czech National Bank (reasonable consideration) and is set at CZK 270.
The buyout and payment of consideration will be handled by PPF banka. O2 CR shareholders can visit the dedicated website www.akcieo2.cz for more information about the share transfer process.
Notes for Editors
PPF Group operates in 25 countries, investing in multiple sectors, including financial services, telecommunications, media, biotechnology, real estate, and engineering. PPF Group’s reach spans from Europe to North America and across Asia. The Group owns assets to the value of EUR 40.3 billion and employs 80,000 people globally (30 June 2021).
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