Current reports
Current report no. 11/2016
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 17 March 2016, 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 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 concluded on 14 March 2016 between Argumenol Investment Company Limited, company incorporated under the laws of Cyprus with registered office in Nicosia, Cyprus, Kostaki Pantelidi 1, 1010 Nicosia, entered in the register maintained by the Ministry of Commerce, Industry and Tourism Department of Registration of Companies and Official Bankruptcy in Nicosia under number HE 286549 (“Argumenol”) and IPOPEMA 116 Fundusz Inwestycyjny Zamknięty Aktywów Niepublicznych with registered office in Warsaw, Próżna 9 street, 00-107 Warsaw, entered into the investment funds register of the Warsaw Regional Court, Section VII Civil Registration under the number RFI 1085 („Fund”) which are closely connected with me within the meaning of the Article 160 paragraph 2 point 4 of the Act on Trading under which Argumenol has purchased from the Fund 5 000 000 (in words: five million) ordinary bearer series A shares of the Company. The transaction was executed outside the regulated market at the rate of per share amounting to 6,7 zlotys.
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 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 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 with registered office in Warsaw; (c) 9 000 000 ordinary shares of the Company, representing 17,71% of the initial capital of the Company, entitling to exercise 9 000 000 votes at the General Meeting of the Company, representing 17,71% of the total number of votes in the Company held by IPOPEMA 116 Fundusz Inwestycyjny Zamknięty Aktywów Niepublicznych with registered office in Warsaw; (d) 10 004 001 ordinary shares of the Company, representing 19,68% of the initial capital of the Company, entitling to exercise 10 004 001 votes at the General Meeting of the Company, representing 19,68% of the total number of votes in the Company held by Trigon XIX Fundusz Inwestycyjny Zamknięty with registered office in Warsaw; (e) 6 407 773 ordinary shares of the Company, representing 21,46% of the initial capital of the Company, entitling to exercise 10 907 773 votes at the General Meeting of the Company, representing 12,61% of the total number of votes in the Company held by Argumenol.
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 with registered office in Warsaw; (c) 4 000 000 ordinary shares of the Company, representing 7,87% of the initial capital of the Company, entitling to exercise 4 000 000 votes at the General Meeting of the Company, representing 7,87% of the total number of votes in the Company held by IPOPEMA 116 Fundusz Inwestycyjny Zamknięty Aktywów Niepublicznych with registered office in Warsaw; (d) 10 004 001 ordinary shares of the Company, representing 19,68% of the initial capital of the Company, entitling to exercise 10 004 001 votes at the General Meeting of the Company, representing 19,68% of the total number of votes in the Company held by Trigon XIX Fundusz Inwestycyjny Zamknięty with registered office in Warsaw; (e) 11 407 773 ordinary shares of the Company, representing 22,45% of the initial capital of the Company, entitling to exercise 11 407 773 votes at the General Meeting of the Company, representing 22,45% of the total number of votes in the Company held by Argumenol.
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:
Tomasz Zadroga - Vice President of the Management Board
Adrian Kaźmierczak – Vice President of the Management Board