Edition:
United Kingdom

Cyfrowy Polsat SA (CPS.WA)

CPS.WA on Warsaw Stock Exchange

26.16PLN
18 Apr 2019
Change (% chg)

0.14zł (+0.54%)
Prev Close
26.02zł
Open
25.94zł
Day's High
26.30zł
Day's Low
25.92zł
Volume
118,250
Avg. Vol
485,087
52-wk High
26.88zł
52-wk Low
21.20zł

Latest Key Developments (Source: Significant Developments)

EBRD May Consider Buying Cyfrowy Polsat's Bonds
Wednesday, 10 Apr 2019 

April 11(Reuters) - CYFROWY POLSAT SA ::SAID ON WEDNESDAY IT HAS SIGNED A FRAMEWORK AGREEMENT WITH THE EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOPMENT (EBRD) .UNDER THE AGREEMENT EBRD MAY CONSIDER PURCHASE OF BONDS ISSUED BY CYFROWY POLSAT UNDER ITS 1 BILLION ZLOTY BOND ISSUE PROGRAM.THE DECISION ABOUT BONDS ISSUE IS YET TO BE TAKEN BY THE MANAGEMENT OF THE COMPANY.  Full Article

Cyfrowy Polsat Sets Up Bond Issue Programme For Up To 1 Bln Zlotys
Monday, 25 Mar 2019 

March 26 (Reuters) - Cyfrowy Polsat SA ::SAID ON MONDAY IT HAS DECIDED TO CREATE BOND ISSUE PROGRAMME FOR A TOTAL MAXIMUM NOMINAL VALUE OF 1 BILLION ZLOTYS .THE PURPOSE OF THE PROGRAMME IS TO REFINANCE THE DEBT UNDER SERIES A BONDS OF TOTAL NOMINAL VALUE OF 1 BLN ZLOTYS DUE JULY 21, 2021.BONDS UNDER NEW PROGRAMME WILL BE ISSUED IN ONE OR MORE SERIES UNDER PUBLIC OFFER WITH NOMINAL VALUE OF 1,000 ZLOTYS EACH .THE BONDS MAY BE ISSUED WITH MATURITY NOT LONGER THAN 7 YEARS FROM THE DATE OF ISSUE.  Full Article

Poland's Cyfrowy Gets UOKiK Green Light On Netia's Takeover
Friday, 11 May 2018 

May 11 (Reuters) - CYFROWY POLSAT SA :THE POLISH OFFICE OF COMPETITION AND CONSUMER PROTECTION, UOKIK, AGREES ON THE TAKEOVER OF NETIA <<>> BY CYFROWY POLSAT.IN DECEMBER 2017, CYFROWY POLSAT ANNOUNCED A TENDER OFFER FOR 119.3 MILLION OF NETIA <<>> SHARES FOR 5.77 ZLOTY PER SHARE nFWN1O50HA.THE SUBSCRIPTION PERIOD IS TO END ON MAY 14 nL8N1RM1I2.  Full Article

Cyfrowy Polsat Extends Subscriptions In Tender Offer For Netia Until May 14
Monday, 9 Apr 2018 

April 9 (Reuters) - CYFROWY POLSAT SA ::SAYS DECIDED TO EXTEND THE TERM TO PLACE SUBSCRIPTIONS FOR THE SALE OF SHARES IN NETIA SA <<>> UNDER THE TENDER OFFER UNTIL MAY 14.SAYS AS AT APRIL 9 HAS NOT OBTAINED AN UNCONDITIONAL DECISION FROM THE PRESIDENT OF THE OFFICE FOR COMPETITION AND CONSUMER PROTECTION CONSENTING TO THE CONCENTRATION.CYFROWY POLSAT ANNOUNCED TENDER OFFER FOR 119.3 MILLION NETIA SHARES AT 5.77 ZLOTY PER SHARE ON DEC.5 nFWN1O50HA, THE SUBSCRIPTIONS WERE TO BE PLACED UNTIL APRIL 9.  Full Article

Poland's Cyfrowy Polsat says Q4 net profit falls to 167 mln zlotys
Thursday, 22 Mar 2018 

WARSAW, March 22 (Reuters) - :POLAND'S CYFROWY POLSAT SAYS Q4 NET PROFIT AT 167 MILLION ZLOTYS ($48.81 MILLION) VERSUS 258 MILLION ZLOTYS SEEN IN REUTERS POLL AND 350 MLN IN Q4 2016.POLAND'S CYFROWY POLSAT SAYS Q4 EBITDA AT 873​ MILLION ZLOTYS VERSUS 870 MILLION ZLOTYS SEEN IN REUTERS POLL.POLAND'S CYFROWY POLSAT SAYS Q4 REVENUE AT ‍​2.579 BILLION ZLOTYS VERSUS 2.557 BILLION ZLOTYS SEEN IN REUTERS POLL.IN MARCH, CYFROWY POLSAT ANNOUNCED THAT ITS CONSOLIDATED NET PROFIT IN THE FOURTH QUARTER WOULD LIKELY BE REDUCED BY A ONE-OFF CHARGE OF 144 MILLION ZLOTYS RELATED TO CHANGES IN TAX LEGISLATION, A DEVELOPMENT ANALYSTS SAID WAS NOT REFLECTED IN THEIR FORECASTS nL5N1QN66M.  Full Article

Cyfrowy Polsat agrees new terms of $3.7 bln financing
Friday, 2 Mar 2018 

March 2 (Reuters) - Cyfrowy Polsat ::Polish media and telecoms group Cyfrowy Polsat says it has agreed new terms of financing of its debt.Final repayment date of credit worth up to 12.5 billion zlotys ($3.67 billion) granted to Cyfrowy Polsat extended by 2 years until Sept. 30, 2022.Cyfrowy is due to pay back 1.018 billion zlotys each ear in the years 2019-2021 and 6.627 billion in 2022.Cyfrowy reiterates its main target in debt management will be to permanently lower the debt-to-EBITDA ratio (earnings before interest tax, depreciation and amortisation) to below 1.75 .Cyfrowy says its debt has already fallen from 14.3 billion zlotys in the second quarter of 2014 to 11.4 billion in the third quarter of 2017.  Full Article

Cyfrowy Polsat Extends Subscriptions In Tender Offer For Netia Until April 9
Friday, 23 Feb 2018 

Feb 23 (Reuters) - CYFROWY POLSAT SA ::SAYS DECIDED TO EXTEND THE TERM TO PLACE SUBSCRIPTIONS FOR THE SALE OF SHARES IN NETIA SA <<>> UNDER THE TENDER OFFER UNTIL APRIL 9.SAYS AS AT FEB. 22 HAS NOT OBTAINED AN UNCONDITIONAL DECISION FROM THE PRESIDENT OF THE OFFICE FOR COMPETITION AND CONSUMER PROTECTION CONSENTING TO THE CONCENTRATION .CYFROWY POLSAT ANNOUNCED TENDER OFFER FOR 19.3 MILLION NETIA SHARES AT 5.77 ZLOTY PER SHARE ON DEC.5, THE SUBSCRIPTIONS WERE TO BE PLACED UNTIL MARCH 5 NFWN1O50HA.  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 state operator seeks leading role in 5G launch

WARSAW, Feb 19 Poland should form a consortium of private and state companies to develop 5G network infrastructure to ensure lower costs and better protection from security threats, the chief executive of Poland's state-owned telecom group Exatel said.