Current reports
Current report no. 1/2015
Notification on transactions by persons having access to inside information
Legal basis:
Article 160 paragraph 4 of the Act on trading – information on transactions by persons having access to inside information
Contents of the report:
Zespół Elektrowni Pątnów-Adamów-Konin S.A. (The "Company") announces that on 7 January 2015, the Company received from the Chairman of the Supervisory Board of the Company, Mr. Zygmunt Solorz-Żak, a notice of conclusion, by the persons closely connected with him, of the transaction related to shares of the Company as follows:
"According to the performance of my function of the Chairman of the Supervisory Board of the Zespół Elektrowni “Pątnów–Adamów–Konin” S.A., (the "Company"), acting in accordance with Article 160 paragraph 1 point 1 in connection with Article 160 paragraph 2 point 4 (b) of the Act of 29 July 2005 on trading of financial instruments (i.e. Journal of Laws of 2014, No. 94 "Act on Trading"), I hereby notify of the transaction related to the Company's shares that were concluded between the companies: Embud Sp. z o.o. with registered office in Warsaw ("Embud"),and Argumenol Investment Company Limited, company incorporated under the laws of Cyprus with registered office in Nicosia, Cyprus (“Argumenol”), which are closely connected with me within the meaning of the Article 160 paragraph 2 point (4) ( b) of the Act on Trading.
On 30 December 2014, Embud andArgumenol entered into the over-the-counter transaction related to the Company's shares, as a result of which Argumenol acquired from Embud a total of 25.411.774 shares of the Company, representing 50,000001% of the initial capital of the Company, entitling to exercise 25.411.774 votes at the General Meeting of the Company, representing 50,000001% of the total number of votes in the Company ("Transaction").
The transfer of shares between Embud and Argumenol occurred using the price per one Company's share of PLN 28,97.
As a result of the Transaction the total number of votes in the Company owned by me indirectly did not change. However, the information about the people closely connected with me, within the meaning of Article 160 paragraph 2 point (4) (b) of the Act on Trading, who directly hold shares of the Company, changed.
Before concluding the Transaction I indirectly had a total of 26.200.867 ordinary shares of the Company, representing 51,55% of the initial capital of the Company, entitling to exercise 26.200.867 votes at the General Meeting of the Company, representing 51,55% of the total number of votes in the Company, which consisted of: (a) 196.560 ordinary shares of the Company, representing 0,39% of the initial capital of the Company, entitling to exercise 196.560 votes at the General Meeting of the Company, representing the total number of votes in the Company held by Elektrim S.A. (b) 26.004.307 ordinary shares of the Company, representing 51,16% of the initial capital of the Company, entitling to exercise 26.004.307 votes at the General Meeting of the Company, representing 51,16% of the total number of votes in the Company held by Embud.
At present, after concluding the Transaction I indirectly have the same number of the Company's shares, i.e. 26.200.867 ordinary shares of the Company, representing 51,55% of the initial capital of the Company, entitling to exercise 26.200.867 votes at the General Meeting of the Company, representing 51,55% of the total number of votes in the Company, which consisted of: (a) 196.560 ordinary shares of the Company, representing 0,39% of the initial capital of the Company, entitling to exercise 196.560 votes at the General Meeting of the Company, representing 0,39% of the total number of votes in the Company held by Elektrim S.A. (b)592.533 ordinary shares of the Company, representing 1,16% of the initial capital of the Company, entitling to exercise 592.533 votes at the General Meeting of the Company, representing 1,16% of the total number of votes in the Company held by Embud, and (c) 25.411.774 ordinary shares of the Company, representing 50,00% of the initial capital of the Company, entitling to exercise 25.411.774 votes at the General Meeting of the Company, representing 50,00% of the total number of votes in the Company held by Argumenol.
Apart from the above mentioned entities, there are no other subsidiaries having shares of the Company.
I hereby consent to the transfer of the personal data by the Company in performance of the liability referred to in Article 160 paragraph 4 of the Act on Trading.".
Legal basis: Article 160 paragraph 4 of the Act of 29 July 2005 on trading in financial instruments.
Signatures of persons representing the company:
Anna Striżyk – Vice President of the Management Board
Karol Sobczak - Proxy