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Cyfrowy Polsat SA (CPS.WA)

CPS.WA on Warsaw Stock Exchange

25.96PLN
22 Feb 2019
Change (% chg)

0.42zł (+1.64%)
Prev Close
25.54zł
Open
25.68zł
Day's High
25.98zł
Day's Low
25.46zł
Volume
518,944
Avg. Vol
520,869
52-wk High
26.60zł
52-wk Low
21.20zł

Latest Key Developments (Source: Significant Developments)

Majority Shareholder Of Cyfrowy Polsat Seeks Dividend Payment Of 1.8 Bln Zlotys Over 3-Yrs
Thursday, 7 Feb 2019 

Feb 8 (Reuters) - Cyfrowy Polsat SA ::SAID ON THURSDAY THAT IT HAS RECEIVED A LETTER FROM ITS MAJORITY SHAREHOLDER, ZYGMUNT SOLORZ, REQUESTING THAT THE MANAGEMENT BOARD CONSIDERS CHANGING THE COMPANY'S DIVIDEND POLICY.ZYGMUNT SOLORZ HAS PROPOSED THAT THE COMPANY PAYS OUT DIVIDENDS TOTALLING MIN. ABOUT 1.8 BILLION ZLOTYS OVER THE NEXT THREE YEARS.THE DIVIDEND SHOULD BE SET AT MIN. 4 PERCENT CALCULATED FROM THE COMPANY'S AVERAGE MARKET CAPITALIZATION FROM DEC. 2018, I.E. ABOUT 0.93 ZLOTY PER SHARE, SOLORZ HAS PROPOSED.THE MANAGEMENT BOARD WILL REVIEW THE COMPANY'S PLANS TO EVALUATE THE POSSIBILITY OF MEETING THE MAJORITY SHAREHOLDER'S EXPECTATIONS REGARDING THE DIVIDEND PAYMENT.THE MANAGEMENT BOARD ESTIMATES THAT THE REVIEW PROCESS WILL BE COMPLETED IN MARCH.  Full Article

Cyfrowy Polsat Says Tobias Solorz Steps Down As CEO
Thursday, 17 Jan 2019 

Jan 17 (Reuters) - Cyfrowy Polsat SA ::SAYS TOBIAS SOLORZ RESIGNS AS CEO AS OF MARCH 31, 2019.SAYS APPOINTS MIROSŁAW BŁASZCZYK AS CEO AS OF APRIL 1, 2019.  Full Article

Cyfrowy To Buy 17.3 Mln Of Netia Shares From Karswell For 100 Mln Zlotys
Monday, 2 Jul 2018 

July 3 (Reuters) - CYFROWY POLSAT SA (CYFROWY) ::SAID ON MONDAY THAT IT HAS SIGNED AN ANNEX TO ITS AGREEMENT WITH KARSWELL LIMITED (KARSWELL) UNDER WHICH IT WILL BUY ITS NETIA <<>> SHARES NOT IN ONE TRANSACTION BUT IN A FEW TRANCHES.THE FIRST TRANCHE IN WHICH IT WILL BUY 17.33 MILLION SHARES FOR 100 MILLION ZLOTYS WILL TAKE PLACE ON JULY 3.IT WILL ALSO PAY KARSWELL LIMITED AN ADDITIONAL REMUNERATION OF 1.2 MILLION ZLOTYS.CYFROWY AND KARSWELL OWN TOGETHER 221.4 MILLION NETIA SHARES REPRESENTING 65.98 PCT OF ITS SHARE CAPITAL.AFTER THE TRANSACTION, IN WHICH CYFROWY WILL PAY 5.77 ZLOTY PER SHARE AS PER THE TENDER OFFER, CYFROWY WILL HOLD ABOUT 48.48 PCT STAKE IN NETIA AND KARSWELL 17.49 PCT.IN DECEMBER CYFROWY AND KARSWELL ANNOUNCED THAT THEY WOULD BUY A CONTROLING STAKE IN NETIA FOR 5.77 ZLOTY PER SHARE nW8N1F903K.  Full Article

Netia May Write Off 150.7 Mln Zlotys For 2017
Wednesday, 24 Jan 2018 

Jan 24 (Reuters) - Netia SA ::SAID ON TUESDAY THAT AT THIS STAGE IT ESTIMATES TO WRITE OFF 150.7 MILLION ZLOTYS DUE TO IMPAIRMENT OF NON-FINANCIAL ASSETS IN ITS NON-CONSOLIDATED FINANCIAL STATEMENT FOR 2017.SAYS WILL GIVE IS FINAL RESULTS OF ASSETS IMPAIRMENT TEST WITH ITS FINANCIAL RESULTS FOR 2017 ON FEB. 15.SAYS IT IS CONDUCTING ASSETS IMPAIRMENT TEST BY COMPARING THE BALANCE VALUE OF ASSETS WITH ITS RECOVERABLE VALUE.SAYS THE RECOVERABLE VALUE IS BASED ON THE FAIR VALUE CALCULATION.SAYS LAST YEAR THE CALCULATION OF FAIR VALUE WAS BASED ON ESTIMATED CASH FLOW AND ITS 10-YEAR BUSINESS PLAN.SAYS CYFROWY POLSAT <<>> ACQUIRED 33 PERCENT STAKE IN THE COMPANY AT THE BEGINNING OF DEC. AND ANNOUNCED A TENDER OFFER FOR THE REMAINING 66 PERCENT STAKE.SAYS THE SUCCESSFUL IMPLEMENTATION OF THE TENDER OFFER CAN HAVE AN IMPACT ON ITS STRATEGY AND OPERATING ACTIVITY.SAYS IT HAS DECIDED THEN TO APPLY MARKET SHARE PRICE AS THE MOST TRUSTWORTHY METHOD OF CALCULATION OF FAIR VALUE OF ITS ASSETS.  Full Article

Cyfrowy Polsat to simplify group structure
Thursday, 7 Dec 2017 

Dec 7 (Reuters) - Cyfrowy Polsat ::Polish telecoms and media group Cyfrowy Polsat plans to merge with its Swedish subsidiary Eileme 1 AB, the owner of mobile operator Polkomtel, draft motions for Cyfrowy Polsat's shareholder meeting due Jan. 9 show.Cyfrowy Polsat says the merger will simplify cash flows, reduce operating costs of the group and increase its transparency and credibility.  Full Article

Cyfrowy Polsat says does not exclude further increasing stake in Netia - CFO
Tuesday, 5 Dec 2017 

Dec 5 (Reuters) - Cyfrowy Polsat ::Polish telecoms and media group Cyfrowy Polsat does not exclude increasing its stake in telecoms firm Netia above a currently targeted level of about 66 percent of shares, Cyfrowy's Chief Financial Officer Katarzyna Ostap-Tomann says.Cyfrowy Polsat has announced earlier on Tuesday a tender offer to buy 119,349,971 shares in Netia at 5.77 zlotys for each share of Netia .Cyfrowy said on Monday that two key Netia shareholders - Mennica Polska and fund FIP 11 - agreed to sell their stakes in Netia representing nearly 33 percent of votes to Cyfrowy.  Full Article

Cyfrowy Polsat offers to buy 119.3 mln Netia shares at PLN 5.77/each
Tuesday, 5 Dec 2017 

Dec 5 (Reuters) - Netia S.A. :Poland's telecoms and media group Cyfrowy Polsat <<>> announces on Tuesday a tender offer to buy 119,349,971 shares in telecoms firm Netia <<>> at 5.77 zlotys for each share of Netia.The tender offer announcement comes after Cyfrowy Polsat said on Monday that two key Netia shareholders - Mennica Polska and fund FIP 11 - agreed to sell their stakes in Netia representing nearly 33 percent of votes.Netia shares rise by 22.6 percent on Tuesday, Cyfrowy Polsat shares up by 4.21 pct .  Full Article

Poland's Cyfrowy Polsat Q3 net profit down at 242.9 mln zlotys, below forecast
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - CYFROWY POLSAT SA :POLAND'S CYFROWY POLSAT SAYS Q1-Q3 NET PROFIT AT 813.5 ‍​ MILLION ZLOTYS VERSUS 820 MILLION ZLOTYS SEEN IN REUTERS POLL.POLAND'S CYFROWY POLSAT SAYS Q3 NET PROFIT AT 242.9‍​ MILLION ZLOTYS VERSUS 249 MILLION ZLOTYS SEEN IN REUTERS POLL.POLAND'S CYFROWY POLSAT SAYS Q3 EBITDA AT 851.1 ‍​ MILLION ZLOTYS VERSUS 856 MILLION ZLOTYS SEEN IN REUTERS POLL.POLAND'S CYFROWY POLSAT SAYS Q3 REVENUE AT ‍​2.39 BILLION ZLOTYS VERSUS 2.37 BILLION ZLOTYS SEEN IN REUTERS POLL.  Full Article