Current report no : 7/2012
Report date : 2/20/2012
Abbreviated name : Ciech SA
Subject : Notification of the shareholder of the reduction of the exposure
Legal basis : Art. 70 par. 1 of Act on Public Offer – acquisition or sale of large block of the shares
Report :
The Management Board of Ciech SA ("The Issuer”), acting pursuant to the Art. 70 par.1 of the Act of 29 July 2005 on public offer and the conditions for introducing financial instruments to the organized trading system, and on public companies, is informing that it has received the notification from TFI Allianz Polska S.A. of the reduction of total exposure of the funds: Allianz FIO, Allianz Platinium FIZ, Bezpieczna Jesień SFIO ("Funds under the management of Allianz TFI") in total number of votes at the General Meeting of Ciech SA, as the result of the sale of the Issuer’s shares by Allianz FIO fund.
As the result of the sale of the Issuer’s shares by Allianz FIO on 8th February 2012, Funds under the management of Allianz TFI have reduced the exposure under 5% of participation in total number of votes at the General Meeting of Ciech SA.
Before that change, Funds under the management of Allianz TFI held jointly 2 646 323 shares, which comprised 5,0214% of shares in the share capital of the Issuer and gave 2 646 323 votes which comprised 5,0214% of participation in total number of votes.
After the transaction, Funds under the management of Allianz TFI hold jointly 2 552 420 shares, which comprise 4,8433% of the share in the share capital of the Issuer and give 22 552 420 votes, which comprise 4,8433% of participation in total number of votes.
The Issuer is announcing full text of the notification in the enclosure.
Signatures of the Company’s Representatives : Artur Osuchowski – Member of the Management Board
Signatures of the Company’s Representatives : Rafał Rybkowski – Member of the Management Board