Gielda Papierow Wartosciowych SA : Conversion of some series A preferred registered shares into series B bearer shares

2012-01-03 18:31:00

Conversion of some series A preferred registered shares into series B bearer shares

Current Report No. 1/2012
Date: 3.01.2012
Legal basis: Article 56.1 (2) of the Act on Offering - current and periodic information

Topic: Conversion of some series A preferred registered shares into series B bearer shares

Content:
The Warsaw Stock Exchange Management Board informs that, acting at the request of 12 shareholders of the Company pursuant to Article 334.2 of the Code of Commercial Companies and § 4.2-3 of the Company's Articles of Association, on 3 January 2012 it adopted a resolution concerning the conversion of 238,000 series A preferred registered shares into series B ordinary bearer shares.
The Company's Articles of Association impose no limitations on conversion of registered shares into bearer shares. Upon conversion, converted shares become ordinary bearer shares and are designated as series B shares.
The conversion of series A preferred registered shares into series B ordinary bearer shares results in a change of the number of votes conferred by the Company's shares as follows: all shares of the Company will jointly confer 56,821,470 votes at the General Meeting, i.e., 29,698,940 votes conferred by series A shares preferred by each share conferring two votes and 27,122,530 shares conferred by series B shares.
It is the intention of the Exchange Management Board to admit and introduce series B shares originating from the conversion to exchange trading.

Legal basis: § 5.1(10) of the Regulation of the Minister of Finance of 19 February 2009 on current and periodic information provided by issuers of securities and on conditions under which information required by legal regulations of a third country may be recognised as equivalent.

Signatures of the Warsaw Stock Exchange Representatives:

Ludwik Sobolewski - President and CEO
Lidia Adamska - Management Board Member