Information on an intergroup transaction: purchase by Tele2 Polska Sp. z o.o. of a bond of Netia SA (purchase by the affiliate of the Issuer of securities issued by the Issuer) (53/2008)
I. The Management Board of Netia S.A. (“Netia”), acting pursuant to art. 56.1 and 2 of the act dated 29 July 2005 on the public offer and conditions for the introducing of financial instruments in the regulated market and public companies (Dz. U. no. 184 item 1539 as amended) and § 3 in relation to § 5.6 of the executive order of the Ministry of Finance dated 19 October 2005 on the current and periodic information communicated by issuers of securities (Dz.U. no. 209 item 1744) announces that on 30 September 2008 Tele2 Polska Spółka z ograniczoną odpowiedzialnością, its subsidiary, agreed to purchase from Netia: 1 (one) unsecured registered bond, CC series, in the nominal value of PLN 20 000 000 (twenty million zloty) issued on the basis of the resolution of Netia’s Management Board No. 2/2008 dated 29 September 2008 - with the repurchase date falling on 30 September 2010 and with a right of Netia for an earlier repurchase.
II. Tele2 Polska Spółka z ograniczoną odpowiedzialnością purchased the above bond for the issue price equal to the nominal value thereof.
III. According to rules of the issue of the above bonds specified by the Management Board of Netia, the CC series bond bears interest at WIBOR 1Y+1p.p., applicable for the first interest period - as of the date of issue for each of the bonds, for the second interest period - as of the day after the date when the interest for the first interest period are due. Interest is payable for annual periods, interest due for the last year is payable together with the repurchase of the bond. The Issuer has excluded the right to dispose of the above bond.
IV. The above bonds were purchased by the subsidiary of Netia in order to invest its cash deposits.
V. This transaction has no impact on the consolidated balance sheet or the cash position of the Netia group. Netia is issuing the bond to ensure that it utilizes the group’s cash deposits for the implementation of its ongoing growth strategy prior to beginning to draw down on its PLN 375 million of available credit lines.