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
05 June 2013
Information on sale of Netia's shares (19/2013)
WARSAW, Poland – June 5, 2013 – Netia SA (“Netia” or the “Company”) (WSE: NET), Poland’s largest alternative provider of fixed-line telecommunications services, announced that it received a notification filed on behalf of Third Avenue Management LLC (the “Third Avenue Management”) that ownership of Netia’s shares, held by Third Avenue Management on behalf of its clients, has decreased by more than 2% of the total number of votes at Netia’s General Meeting of Shareholders.
According to the notification, as a result of sale, on behalf of its clients, of shares of Netia as part of the Company buy-back tender offer, and the sale transaction was settled in its securities account on May 29, 2013, as of the latter date Third Avenue Management holds 60,717,960 Netia shares, representing 15.72% of Netia’s share capital and entitling the holder thereof to exercise 60,717,960 votes, which represents 15.72% of the total number of votes at Netia’s General Meeting of Shareholders.
Prior to the above change, Third Avenue Management LLC held 63,624,524 Netia shares, which represented 16.47% of Netia’s share capital and was entitled to 63,624,524 votes, representing 16.47% of the total number of votes at Netia’s General Shareholder Meeting.
Furthermore, Third Avenue Management LLC notified of the following list of clients who transferred voting rights under Company shares they hold to Third Avenue Management LLC:
1.AIC Corporate Fund Inc.
2.Litman/Gregory Masters’ Select International Fund Masters’ Select Funds Trust
3.Third Avenue Separately Managed Accounts
4.Third Avenue Institutional International Value Fund
5.Third Avenue International Value Fund
6.Third Avenue International Value Fund UCITS
According to the notification, as a result of sale, on behalf of its clients, of shares of Netia as part of the Company buy-back tender offer, and the sale transaction was settled in its securities account on May 29, 2013, as of the latter date Third Avenue Management holds 60,717,960 Netia shares, representing 15.72% of Netia’s share capital and entitling the holder thereof to exercise 60,717,960 votes, which represents 15.72% of the total number of votes at Netia’s General Meeting of Shareholders.
Prior to the above change, Third Avenue Management LLC held 63,624,524 Netia shares, which represented 16.47% of Netia’s share capital and was entitled to 63,624,524 votes, representing 16.47% of the total number of votes at Netia’s General Shareholder Meeting.
Furthermore, Third Avenue Management LLC notified of the following list of clients who transferred voting rights under Company shares they hold to Third Avenue Management LLC:
1.AIC Corporate Fund Inc.
2.Litman/Gregory Masters’ Select International Fund Masters’ Select Funds Trust
3.Third Avenue Separately Managed Accounts
4.Third Avenue Institutional International Value Fund
5.Third Avenue International Value Fund
6.Third Avenue International Value Fund UCITS