Salford Investments Sp. z oo entered into an agreement 18.7% stake in North Coast Spolka Akcyjna (WSE:NCT) from Silvano Fiocco and Giorgio Pezzolato on December 9, 2014. Salford Investments acquired 0.6 million shares of North Coast in order to cover the newly created shares in the increased share capital of Salford that were subscribed by Silvano Fiocco and Giorgio Pezzolato on December 9, 2014. Giorgio Pezzolato transferred as contribution in kind 0.29 million North Coast shares to Salford Investments in exchange for the Salford Investment shares. Silvano Fiocco transferred as contribution in kind 0.3 million North Coast shares to Salford Investments in exchange for the Salford Investment shares. Giorgio Pezzolato reduces his stake in North Coast to 17.19% from 26.56%. Silvano Fiocco reduces his stake in North Coast to 17.19% from 26.56%.

Salford Investments Sp. z oo completed the acquisition of 18.7% stake in North Coast Spolka Akcyjna (WSE:NCT) from Silvano Fiocco and Giorgio Pezzolato on December 11, 2014.