Bulletin
As Netia decided to withhold from providing an English version of its website, these of the company Followers who would be interested in subscribing Netia reports in Polish are kindly requested to register in the box below
30 September 2005
Completion of the buy-back program of Netia’s own shares and subscription warrants and its execution from September 26 until September 30, 2005
WARSAW, Poland – September 30, 2005 – Netia SA (“Netia” or “Company”) (WSE: NET), Poland’s largest alternative provider of fixed-line telecommunications services, today announced that it completed its buy-back program of the Company’s shares and subscription warrants, effective September 30, 2005.
Netia informed that from September 26 until September 30, 2005 the Company acquired under the Program 573,161 (in words: five hundred and seventy three thousand one hundred and sixty one) of its own shares at the nominal value of PLN 1 each. The Company’s shares purchased within the above referred term give in total 573,161 (in words: five hundred and seventy three thousand one hundred and sixty one) of votes at the General Shareholders Meeting and constitute 0.14% of the Company’s share capital, status as on September 30, 2005. The average unit price for shares amounted to PLN 4.59.
Under the whole Program, the Company acquired in total 27,693,462 (in words: twenty seven million six hundred and ninety three thousand four hundred and sixty two) of own shares at the nominal value of PLN 1 each and 3,569 (in words: three thousand five hundred and sixty nine) of subscription warrants. The average unit price for shares amounted to PLN 4.33 while the average unit price for subscription warrants amounted to PLN 1.56. The Company’s shares purchased within the Program give in total 27,693,462 (in words: twenty seven million six hundred and ninety three thousand four hundred and sixty two) of votes at the General Shareholders Meeting and constitute 6.96% of the Company’s share capital, status as on September 30, 2005.
The Company had been acquiring its own shares and subscription warrants based on the buy-back program of the Company’s shares and subscription warrants started on May 9, 2005 (”Program”) for the purpose of their redemption and the decrease of the Company’s share capital. The Program was adopted by the Annual General Shareholders Meeting on March 17, 2005 (see Netia’s press releases dated March 17, 2005 and April 22, 2005).
Due to exhausting the funding limit set for the purpose of the Program by Netia’s general shareholders’ meeting on March 17, 2005, the above referred period from September 26 until September 30, 2005 was the last period of the Program’s execution.