Monostyle Sp. z o.o. S.K.A. signed a preliminary agreement to acquire 46% stake in Present24 S.A. (WSE:P24) from Novina SA (WSE:NOV) for PLN 9.2 million on March 10, 2016. Under the terms of the deal, 11.5 million shares will be sold at an offer per share of PLN 0.8. The preliminary agreement allows the sale of less than the indicated number of shares of Present24 if, prior to the conclusion of the final agreement, Novina will sell shares of Present24 at a price higher than PLN 0.8 for each share. In this case, on the basis of the final agreement, Monostyle will sell shares of Present24 that are not sold by Novina at a price higher than PLN 0.8 for each share. The final agreement should be concluded on June 27, 2016.

Monostyle Sp. z o.o. S.K.A. cancelled the acquisition of 46% stake in Present24 S.A. (WSE:P24) from Novina SA (WSE:NOV) on May 31, 2016.