Current Report No. [1/2017]

Date of preparation: 04.01.2017

Abbreviated name of the Issuer: CIECH S.A.

Subject: Notification of exceeding the 10% threshold in the total number of votes of the Issuer

Legal basis: Article 70 point 1 of the Act on Public Offering - acquisition or disposal of a significant block of shares

Contents of the report: 

The Management Board of CIECH S.A. with its registered office in Warsaw (the “Issuer” or the “Company”) hereby informs that the Company has received from Towarzystwo Funduszy Inwestycyjnych PZU S.A. (“TFI PZU S.A.”) with its registered office in Warsaw, acting in the name and on behalf of investment funds managed by it, i.e. (i) PZU Fundusz Inwestycyjny Otwarty Parasolowy, (ii) PZU Specjalistyczny Fundusz Inwestycyjny Otwarty Globalnych Inwestycji, (iii) PZU Specjalistyczny Fundusz Inwestycyjny Otwarty Uniwersum, (iv) PZU Fundusz Inwestycyjny Zamknięty Dynamiczny, (v) PZU Fundusz Inwestycyjny Zamknięty Medyczny, and (vi) PZU Fundusz Inwestycyjny Zamknięty Akcji Focus (hereinafter jointly referred to as the “TFI PZU Funds”), information on exceeding the 10% threshold in the total number of votes of the Issuer by the TFI PZU Funds.

The 10% threshold of the total number of votes in the Company was exceeded by the TFI PZU Funds as a result of the settlement, on 3 January 2017, of 66.860 shares of the Company acquired in ordinary transactions on 30 December 2016.

Before the change, the TFI PZU Funds held 5,269,714 shares of the Company, representing 9.9995 % of the share capital of the Company. These shares carried 5,269,714 votes at the General Meeting of the Company, representing 9.9995 % of the total number of votes at the General Meeting.

After the change in the shareholding, the number of shares of the Company held by the TFI PZU Funds totals 5,336,574 shares, representing 10.1263 % of the share capital of the Company. These shares carry 5,336,574 votes at the General Meeting of the Company, representing 10.1263 % of the total number of votes at the General Meeting. 

In addition, TFI PZU S.A. has notified the Company that: (i) the TFI PZU Funds do not have any subsidiaries holding any shares in the Company, (ii) the TFI PZU Funds do not have any financial instruments referred to in article 69b of the Act of 29.07.2005 on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organised Trading, and Public Companies, related to the shares of the Company (iii) acting in its capacity of manager, TFI PZU S.A. may – on behalf of the TFI PZU Funds – exercise their voting rights at the General Meeting of the Company.  

Legal basis: Article 70 point 1 of the Act on Public Offering … - acquisition or disposal of a significant block of shares

Signatures of persons representing the Company:  

Maciej Tybura – President of the Management Board
Artur Osuchowski – Member of the Management Board