Netia announces draft resolutions to be presented for the shareholders’ vote on May 7, 2008 (21/2008)
I. The Management Board of Netia SA (“Company” or “Netia”) (WSE: NET), Poland’s largest alternative provider of fixed-line telecommunications services, hereby presents the draft resolutions to be presented for the shareholders’ vote at the Ordinary General Meeting of Shareholders to be held on May 7, 2008 (Annex 1).
II. According to Code of Best Practice for WSE Listed Companies, the Management Board of Netia hereby presents the justification of the resolution concerning merger of the Company and its wholly-owned subsidiary Świat Internet SA:
The merger of Netia SA and its wholly owned subsidiary Świat Internet SA is a part of the ongoing process of internal consolidation of Netia subsidiaries (the “Netia Group”).
The purpose of the internal consolidation is to simplify and make the Netia Group‘s capital structure more transparent.
The Management Board believes that this will positively impact the Netia Group‘s operations through reduction of administrative costs, including a decrease in the scale of intercompany transactions in its daily operations.
III. According to Code of Best Practice for WSE Listed Companies, the Management Board of Netia hereby presents “The Report of the Supervisory Board of Netia SA for the financial year 2007” (Annex 2).
IV. The Ordinary Shareholders’ Meeting scheduled to convene on May 7, 2008 (see Netia’s press release no 18/2008) will be webcasted. Access to the transmission will be possible via Netia’s web site for investors (www.investor.netia.pl), where there will be a special link on the day of the meeting.
In order to access the transmission, the following technical requirements should be met:
- Computer with Windows Media Player ver.9 software or higher version
- Internet connection with the required bandwidth of minimum 256 kbps
- Internet Explorer ver. 6.0 or higher version (recommended)
We recommend you make a test transmission. The address of the test transmission and all relevant information can be found at: http://infoengine.pl/infotest/