Bulletin
Management Board adopted a resolution regarding the rules of publishing information on the exercise of the stock options by participants of the stock option plans adopted by Netia (12/2011)
The Management Board of Netia SA (“Netia” or the “Company”), Poland's largest alternative provider of fixed-line telecommunications services, hereby announces that on February 28, 2011 it adopted a resolution regarding the rules of publishing information on the exercise of the stock options by the participants of the stock option plans adopted by the Company, i.e. the stock option plan adopted by the Company’s Supervisory Board on 28 June 2002, as amended which shall expire on 20 December 2012 (the “Plan”) and the stock option plan for the years 2012-2020 adopted by the Company’s Supervisory Board on 25 February 2011 (the “2011 Plan”).
The Management Board resolved that:
1. Starting from February 28, 2011, pursuant to Art. 56 sec. 1.1 of the Act on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organized Trading, and Public Companies, the Company shall publish by way of a current report the information on the execution by the members of the Management Board of the Company of the stock options granted pursuant to the Plan or the 2011 Plan, such report containing information about:
a) the delivery of a stock option exercise letter by a Management Board member;
b) the number of exercised stock options; and
c) the strike price of the executed stock options.
2. In order to perform the above resolution the Management Board shall publish information on the stock options that were exercised prior to the adoption of this resolution, the exercise of which, as at the date hereof, is not yet subject to the obligation relating to the disclosure of the acquisition of the shares in the Company (set forth in Art. 160 of the Act on trading in securities).
3. The Company shall not publish the information on the exercise of the stock options by other participants under the Plan or the 2011 Plan, subject to any applicable regulations.
In connection with the adoption of the above resolution, the Management Board announces that the following Management Board members have exercised their stock options:
1. On February 25, 2011, Mirosław Godlewski delivered a stock option exercise letter for 1,134,000 stock options granted pursuant to the Plan. The strike price of the stock options was PLN 3.50.
2. On February 24, 2011, Jon Eastick delivered a stock option exercise letter for 866,500 stock options granted pursuant to the Plan. The strike price of the stock options was PLN 3.50.
The detailed information about the rules of the Plan may be found on Netia’s investor website at www.investor.netia.pl.
The publication of the abovementioned information by the Company is without prejudice to other informational obligations of the respective members of the Management Board and the Company related to the acquisition of the shares in the Company.
Legal basis: Article 56, section 1.1 of the Act on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organized Trading, and Public Companies (Journal of Laws 2005, No. 184, item 1539)