Asseco sells 4.28% stake in Asseco SEE to group of managers

WSE-listed IT group Asseco Poland sold 2.22 mln shares in its subsidiary Asseco SEE (4.28 percent stake) for PLN 24.2 million to a group of 22 Asseco SEE managers, Asseco said in a market filing. “The sale price will be secured by the establishment of a pledge on the shares of each buyer. There were put and call agreements between the parties. Shares are subject to lock-up for a period of 24 months for 50 percent and another 12 months for the remaining 50 percent,” the statement said. The payment will be made in eight instalments until July 31, 2024.