Inteliwise SA (WSE:ITL) signed an agreement to acquire Limtel Sp. z o.o. from Giza Polish Ventures I, Grzegorz Siehien, Pawel Stefanczyk, Kamil Ciukszo, Turnpoint Group Sp. z o.o. and Grupa FRR Sp. z o.o. for PLN 0.1 million on December 20, 2016. As on December 20, 2016, Inteliwise SA (WSE:ITL) bought 49.32% stake in Limtel Sp. z o.o. for PLN 47,311 from Giza Polish Ventures I. Remaining shares of Limtel Sp. z o.o. to be acquired between February 28, 2017 and April 30, 2017. As part of transaction, partners of Limtel will acquire no more than 600,000 new shares of Inteliwise. The company will issue to Limtel partners series C subscription warrants entitling to acquire the company's series E shares in the period from July 1, 2017 to June 30, 2018, at the issue price equal to the nominal value of new shares. The acquisition of subscription warrants by Limtel partners will be possible after the acquisition by Inteliwise of 100 pct stake in Limtel. As a result of the agreements concerning the sale of shares, on March 15, 2017, Inteliwise purchased 1063 shares of Limtel from the Partners, giving a right to 1063 votes at the general meeting and representing 48.36% of the share capital of Limtel and the same percentage of votes at the GM of Shareholders. Together with the 1084 shares of Limtel purchased on December 20, 2016, Inteliwise holds at present 2147 shares of Limtel, giving the same number of votes at the GM of Shareholders and representing 97.68% of the share capital of Limtel, and the same number of votes at the GM. As a result, Inteliwise took control over Limtel under the provisions of the Commercial Companies Code and the Accounting Act – Limtel will be subject to full consolidation within financial statements of Grupa Kapitalowa Inteliwise S.A.