Ciech

Szukaj
WCAG A A A

CURRENT REPORTS

Information about the acquisition of own shares

Current report no : 19/2013
Report date : 5/22/2013
Abbreviated name : Ciech SA
Subject : Information about the acquisition of own shares
Legal basis : Article 56 section 1 item 2 of the Act on the Offering – current and interim information 

Report 

The Management Board of CIECH S.A. (the “Company”) informs that pursuant to resolution no 29 of the Ordinary General Meeting of Shareholders of CIECH S.A. of May 22nd, 2013 on expressing the consent to purchase own shares by the Company with the aim of redemption, the condition precedent of the conditional agreement of April 26th, 2013 for the purchase of shares of CIECH S.A. with the aim of redemption was fulfilled. Under this agreement the dispositive result of the agreement, in the form of a transfer of shares of CIECH S.A. to the Company with the aim of redemption depends on the adoption by the General Meeting of Shareholders of the Company of a resolution as to the consent to the purchase by the Company of own shares with the aim of redemption on conditions specified by the said agreement.

The goal of purchasing own shares is to restore a situation where all shares of CIECH S.A. are listed on the Warsaw Stock Exchange.

The General Meeting of Shareholders of CIECH S.A. expressed its consent for the purchase of shares by the Company on the following conditions:

a) the subject of the purchase are 2 (two) registered ordinary F series shares of CIECH S.A. with consecutive numbers from 1 to 2, with a nominal value of PLN 5 (in words: five zloty) each, with a total nominal value of PLN 10 (in words: ten zloty), held by Mr Grzegorz Margas;

b) the purchase of own shares with the aim of redemption will be made for a consideration for Mr Grzegorz Margas in the amount of PLN 40.00 (in words: forty zloty 0/100);

c) the funds for the purchase of own shares with the aim of redemption will be taken only from the amount that may be distributed pursuant to Article 348 § 1 of the Commercial Companies Code.

Consequently, on May 22nd, 2013, the Company purchased 2 (two) own share with a unit purchase price of PLN 20.00 (in words: twenty zloty 0/100) per share.

The nominal value of one share is PLN 5 (in words: five zloty), the total nominal value of the purchased shares is PLN 10.00 (in words: ten zloty 0/100).

The purchased shares represent less than 0.01% of CIECH S.A.’s share capital and give a right to exercise 2 (two) votes at the General Meeting of Shareholders of the Company which represents less than 0.01% of the total number of shares at the General Meeting of the Company.

As at May 22nd, 2013, CIECH S.A. holds, in total, 2 (two) own shares representing less than 0.01% of the Company’s share capital and giving a right to exercise 2 (two) votes at the General Meeting of Shareholders of the Company which represents less than 0.01% of the total number of shares at the General Meeting of the Company.

Signatures of the Company’s Representatives : Dariusz Krawczyk – President of the Management Board


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