Sare tender will go through

WSE-listed IT sales and marketing company has secured the minimum number (916,892) of shares covered by the tender and will go through, the company said in a market filing. Back in December, Tomasz Pruszczyński, along with Polinvest 7 investment fund announced a tender for 1,696,021 Sare shares at PLN 22.7 apiece. The acquirers intended to control a 100 percent stake in the company. After the transaction, Pruszczyński will keep his 25.99 percent stake, while Polinvest 7 will acquire the remaining shares. Back in December, Sare shareholders WS Investments Limited and Petrovasko Limited and Damian Rutkowski pledged to sell 1,177,463 shares, representing 51.38 percent stake in the tender. According to the statement, Pruszczyński intends to continue the current investment policy towards the company and there are no specific intentions in relation to the call. While Polinvest 7 intends “based on the majority of votes in the company and its corporate rights and obligations in the company to continue and support the existing development strategy.”