Title: Conclusion of a material agreement
Acting pursuant to Article 17 point 1 of the MAR Regulation, the Management Board of Synthos S.A. (the "Issuer"), with reference to the current report no. 16/2016 and no. 35/2016, states that a material agreement concluded by the Issuer and INEOS Industries Holdings Limited with its registered office at Lyndhurst, the United Kingdom, as described below, was completed.
On 31.08.2016, the Issuer completed the acquisition of INEOS Group's EPS (Expandable Polystyrene) business, i.e., acquisition of the entire outstanding share capital of INEOS Styrenics European Holding B.V., a company organized under the laws of the Netherlands, having its registered office at Konijnenberg 63, Breda, 4825 BC, the Netherlands (the "Company"), from INEOS Industries Holdings Limited with its registered office at Lyndhurst, the United Kingdom. The acquisition of shares in the share capital of the Company resulted, among other things, in an indirect acquisition of shares in subsidiaries of the Company located in France, the Netherlands and Turkey. The completion of the agreement was conditional upon obtaining relevant consents of the competent antimonopoly authorities. The condition resulting from the agreement was satisfied.
Moreover, on 31.08.2016, INEOS Styrenics International SA with its registered office in Switzerland, which is a subsidiary of INEOS Industries Holdings Limited concluded an agreement with Synthos Styrenics Synthos Dwory 2 spółka z ograniczoną odpowiedzialnością sp. k., relating to the acquisition of business as going concern held by INEOS Styrenics International SA. (the "Swiss Business").
Total price for the acquisition of the Company's shares and the acquisition of the Swiss Business is EUR 80,000,000.00 (eighty million euros) subject to any adjustments which might be made under the provisions of the agreements.
The provisions of the agreements do not stipulate any contractual penalties.
This announcement has been issued through the Companies Announcement Service of
the Irish Stock Exchange.
This information is provided by RNS