Current reports
Current report no. 16/2012
Acquisition of own shares in connection with implementing the stabilization option
Legal basis:
Article 56 par. 1 pt. 2 of the Public Offering Act – current and periodic information
Contents of the report:
Acting pursuant to § 5 Section 1 Item 6 of the Ordinance of the Minister of Finance of February 19, 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 (Dziennik Ustaw 2009, No. 33, item 259, as amended), Zespół Elektrowni „Pątnów-Adamów-Konin” S.A. (the “Company”) announces that on December 4, 2012 the Company acquired from Credit Suisse Securities (Europe) Limited (the “Stabilization Manager”), in a block transaction, 1,202,453 of the Company’s shares with a par value of PLN 2 each, representing 2.31% of the Company’s share capital and carrying 1,202,453 votes at the Company’s general meeting, which constitute 2.31% of the total number of votes at the Company’s general meeting, for the price of PLN 25.99 per Company share (the ”Own Shares”).
The acquisition of the Own Shares took place on the basis of Resolution No. 6 of the Extraordinary Shareholders’ Meeting of the Company of August, 20, 2012, regarding the authorization of the Company’s Management Board to acquire the Company’s own shares in connection with actions aimed at stabilizing the price of the Company’s shares and in performance of the stabilization option granted to the Stabilization Manager by virtue of the stabilization agreement entered into by the Company and the Stabilization Manager on October 22, 2012. The stabilization agreement was executed on the terms and conditions set out in the prospectus of the Company approved by the Polish Financial Supervision Authority on October 8, 2012.
The Own Shares acquired by the Company as a result of implementing the stabilization option, were purchased for the purpose of their redemption by the Company in accordance with the appropriate legal regulations.
As at the day of this current report, the Company holds a total of 1,202,453 of the Company’s shares, with a par value of PLN 2 each, representing 2.31% of the Company’s share capital and carrying 1,202,453 votes at the Company’s general meeting, which constitute 2.31 % of the total number of votes at the general meeting of the Company.
Legal basis: § 5 Section 1 Item 6 of the Ordinance of the Minister of Finance of February 19, 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 persons representing the company:
Katarzyna Muszkat – President of the Management Board
Anna Striżyk – Vice-President of the Management Board