Execution of the buy-back program of Netia’s own shares and subscription warrants from May 9th till May 13th, 2005
WARSAW, Poland – May 16, 2005 – Netia SA (“Netia” or “Company”) (WSE: NET), Poland’s largest alternative provider of fixed-line telecommunications services, today announced that from May 9th till May 13th, 2005 the Company acquired 1,135,321 (in words: one million one hundred and thirty five thousand three hundred and twenty one) of its own shares at the nominal value of PLN 1 each and 1,521 (in words: one thousand five hundred and twenty one) three-year subscription warrants. The Company’s shares purchased within the above referred term give in total 1,135,321 (in words: one million one hundred and thirty five thousand three hundred and twenty one) of votes at the General Shareholders Meeting and constitute 0.29 % of the Company’s share capital, status as on May 4th, 2005 (see Netia’s press release dated May 5, 2005). The average unit price for shares amounted to PLN 4.02, and for the subscription warrants to PLN 1.60.
The Company has been acquiring its own shares and subscription warrants based on the buy-back programme of the Company’s shares and subscription warrants started on May 9, 2005 (”Program”) for the purpose of their redemption and the decrease of the Company’s share capital. The Program was adopted by the Annual General Shareholders Meeting on March 17, 2005 (see Netia’s press releases dated March 17, 2005 and April 22, 2005).
THIS REPORT IS COMPLIANT TO PRINCIPLES ON INFORMING OF THE PROGRAMME EXECUTION ADOPTED BY THE COMPANY BASED ON THE DECISION OF THE SECURITIES AND STOCK EXCHANGE COMMISSION DATED MARCH 29, 2005 (DIA/S/023/07/1012/2005).