Bulletin
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12 October 2012
Share Buy-Back Program between 5 October and 11 October 2012; Completion of the second tranche of share buy-backs and commencement of its third tranche (93/2012)
The management board of Netia SA (the “Company” or “Netia”), Poland's largest alternative provider of fixed-line telecommunications services, hereby announces that, between 5 October and 11 October 2012, the Company purchased, through Dom Inwestycyjny BRE Banku S.A., 393,305 of its own shares, each with a nominal value of PLN 1, during stock exchange trading sessions on the main market of the Warsaw Stock Exchange. The shares bought back by the Company carry a total of 393,305 votes at the general meeting of the Company’s shareholders and constitute 0.10% of the Company’s share capital. The average price of the Company’s bought shares for the above mentioned period was 6.01 PLN. Please see Schedule No. 1 to this current report for detailed data (date and time of the transactions/the number of shares purchased/the price) on each of the transactions executed in the period stated above.
Since the date on which the Company commenced acquisitions of shares in the course of this second tranche of share buy-backs announced by the Company on 17 May 2012 (see current report No. 38/2012 dated 17 May 2012) for the purpose of the redemption of such shares, the Company has acquired a total of 12,700,477 of its own shares for a total amount of PLN 74,999,999.49, and thereby the second tranche’s target has been fulfilled. The average price of the shares purchased was PLN 5.91. The own shares acquired by the Company carry a total of 12,700,477 votes at the general meeting of the shareholders, and represent 3.29% of the Company’s share capital, and a 3.29% share in the total number of the votes at the general meeting of the shareholders.
Due to the expending of the financial resources earmarked for the second tranche of share buy-backs, the Company informs herewith of its completion.
Furthermore, in connection with the current report No. 56/2012 dated 19 June 2012, the Company informs of the commencement of the third tranche of share buy-backs, for which purpose it has allocated up to PLN 50,000,000, with the effect from 12 October 2012.
The third tranche of share buy-backs will follow the first tranche completed in 2011 (see current report No. 60/2011 dated 9 November 2011) and second tranche completed today, as described above. The third tranche will be under the terms and conditions of the same shareholders’ authorization to repurchase in total up to 12.5% of Netia’s own shares (see current report No. 28/2011 dated 2 June 2011) as the first two tranches.
Detailed terms of the third tranche of share buy-backs were described in Netia’s current report No. 56/2012 dated 19 June 2012.
Legal Basis: Art. 4 section 4 Commission Regulation (EC) No. 2273/2003 of 22 December 2003 implementing Directive 2003/6/EC of the European Parliament and of the Council as regards exemptions for buy-back programs and stabilization of financial instruments (OJ L 336 of 23 December 2003).
Since the date on which the Company commenced acquisitions of shares in the course of this second tranche of share buy-backs announced by the Company on 17 May 2012 (see current report No. 38/2012 dated 17 May 2012) for the purpose of the redemption of such shares, the Company has acquired a total of 12,700,477 of its own shares for a total amount of PLN 74,999,999.49, and thereby the second tranche’s target has been fulfilled. The average price of the shares purchased was PLN 5.91. The own shares acquired by the Company carry a total of 12,700,477 votes at the general meeting of the shareholders, and represent 3.29% of the Company’s share capital, and a 3.29% share in the total number of the votes at the general meeting of the shareholders.
Due to the expending of the financial resources earmarked for the second tranche of share buy-backs, the Company informs herewith of its completion.
Furthermore, in connection with the current report No. 56/2012 dated 19 June 2012, the Company informs of the commencement of the third tranche of share buy-backs, for which purpose it has allocated up to PLN 50,000,000, with the effect from 12 October 2012.
The third tranche of share buy-backs will follow the first tranche completed in 2011 (see current report No. 60/2011 dated 9 November 2011) and second tranche completed today, as described above. The third tranche will be under the terms and conditions of the same shareholders’ authorization to repurchase in total up to 12.5% of Netia’s own shares (see current report No. 28/2011 dated 2 June 2011) as the first two tranches.
Detailed terms of the third tranche of share buy-backs were described in Netia’s current report No. 56/2012 dated 19 June 2012.
Legal Basis: Art. 4 section 4 Commission Regulation (EC) No. 2273/2003 of 22 December 2003 implementing Directive 2003/6/EC of the European Parliament and of the Council as regards exemptions for buy-back programs and stabilization of financial instruments (OJ L 336 of 23 December 2003).