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17 July 2012
Issuance of Netia's series K shares and acquisition of shares by the Company's commercial proxy (67/2012)
WARSAW, Poland – July 17, 2012 – Netia SA (“Netia” or the “Company”) (WSE: NET), Poland’s largest alternative provider of fixed-line telecommunications services, announced that on July 17, 2012 it was notified about the settlement of a transactions by Krajowy Depozyt Papierów Wartościowych SA (National Depository of Securities) (“KDPW”), as a result of which on July 13, 2012 the Company issued, from its authorized capital, 42,447 ordinary bearer series K shares with a nominal value of PLN 1 each (“Series K Shares”), which give the right to 42,447 votes at Netia’s general meeting of shareholders.
The Series K shares were issued due to the exercise of stock options by the commercial proxy of the Company and a former employee of the Company. 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 386,212,230 and represents 386,212,230 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 42,447 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 42,447 Series III Notes.
Pursuant to the above, Netia received notifications from the commercial proxy of the Company, whereby this person advised that following the exercise of 19,806 options granted thereto pursuant to the Plan, on July 13, 2012, this person subscribed 19,806 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. The remining 22,641 newly issued series K shares were subscribed by a former employee of the Company.
The Series K shares were issued due to the exercise of stock options by the commercial proxy of the Company and a former employee of the Company. 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 386,212,230 and represents 386,212,230 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 42,447 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 42,447 Series III Notes.
Pursuant to the above, Netia received notifications from the commercial proxy of the Company, whereby this person advised that following the exercise of 19,806 options granted thereto pursuant to the Plan, on July 13, 2012, this person subscribed 19,806 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. The remining 22,641 newly issued series K shares were subscribed by a former employee of the Company.