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KINO POLSKA TV SA Signs Agreement with Agora SA for Investment in Stopklatka SA

Friday, 22 Feb 2013 11:30am EST 

KINO POLSKA TV SA (KPTV) announced that together with Agora SA have decided to jointly apply for the concession for movie channel distributed by digital way and to finance the development of such a channel provided the concession is granted. Thus, on February 22, 2013 an investment agreement was signed between Agora SA and KPTV, which is a majority shareholder of Stopklatka SA. According to the investment agreement, Agora SA is to acquire from KPTV such a number of Stopklatka SA's shares to secure 41% in its share capital, under condition that before December 31, 2014 Stopklatka SA will receive the concession. The parties agreed, that after the concession is granted they will jointly and proportionally invest in Stopklatka an amount of not less than PLN 20 million, via acquisition of stakes in its increased share capital. 

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-0.16 -5.08%
21 Jul 2014