Bulletin
Issuance of Netia’s series K shares and acquisition of shares by the Company’s managers (9/2010)
WARSAW, Poland – March 31, 2010 – Netia SA (“Netia” or the “Company”) (WSE: NET), Poland’s largest alternative provider of fixed-line telecommunications services, announced that on March 30, 2010 it was notified about the settlement of a transaction by Krajowy Depozyt Papierów Wartościowych SA (National Depository of Securities) (“KDPW”), as a result of which on March 30, 2010 the Company issued, from its authorized capital, 61,059 ordinary bearer series K shares with a nominal value of PLN 1 each (“Series K Shares”), which give the right to 61,059 votes at Netia’s general meeting of shareholders.
The Series K shares were issued due to the exercise of stock options by persons who hold managerial positions (but not management board members). These stock options were granted under the performance stock option plan adopted by Netia’s Supervisory Board on June 28, 2002, as amended. By resolution No. 218/03 of May 14, 2003, the Management Board of KDPW assigned the Series K Shares with the PLNETIA00097 code.
Netia’s issued and outstanding share capital, following this issuance is PLN 389,338,353 and represents 389,338,353 shares, PLN 1 par value per share, each share giving the right to one vote at Netia’s general meeting of shareholders.
The Series K shares were issued due to the exercise of rights attached to 61,059 ordinary bearer Series III notes, authorizing their holders to subscribe for the Series K Shares prior to the Company’s shareholders, having a nominal value of 1 grosz (PLN 0.01) each (“Series III Notes”). In connection with the exercise of rights from the Series III Notes, the Company bought and redeemed 61,059 Series III Notes.
Pursuant to the above, Netia received notifications from two persons who hold managerial positions in the organisational structure of the Company, having permanent access to inside information related, whether directly or indirectly to the Company and authorised to make decisions concerning the Company’s development and economic prospects, whereby these persons advised that following the exercise by each person of 105,000 options granted thereto pursuant to the Plan, on March 30, 2010, they subscribed respectively for 30,152 and 30,907 newly issued series K shares of the Company for the issue price of PLN 1 per share, in compliance with the prospectus for the Company shares and bonds dated 17 April 2002, as amended.