Information on sale of Netia's shares (57/2008)
WARSAW, Poland – October 10, 2008 – Netia SA (“Netia”) (WSE: NET), Poland’s largest alternative provider of fixed-line telecommunications services, announced that on October 10, 2008 it received a notification filed on behalf of Third Avenue Management LLC (the “Third Avenue Management”) that ownership of Netia’s shares, held by Third Avenue Management on behalf of its clients, has fallen below the threshold of 20% of the total number of votes at Netia’s General Meeting of Shareholders.
According to the notification, as a result of the settlement from February 6 to October 8, 2008 of purchases of Netia shares effected on the Warsaw Stock Exchange, as of the latter date Third Avenue Management holds 72,014,340 Netia shares, representing 18.50% of Netia’s share capital and entitling the holder thereof to exercise 72,014,340 votes, which represents 18.50% of the total number of votes at Netia’s General Meeting of Shareholders.
Prior to the above transactions, Third Avenue Management held 79,955,192 Netia shares, which represented 20.54% of Netia’s share capital, and was entitled to 79,955,192 votes, representing 20.54% of the total number of votes at Netia’s General Shareholder Meeting – please see the current report of Netia 69/2007 dated 30 August 2007.
From the notification received from Third Avenue Management it follows that as at February 6, 2008, Third Avenue Management held 77,783,560 Netia shares, which represented 19.98% of Netia’s share capital, and was entitled to 77,783,560 votes, representing 19.98% of the total number of votes at Netia’s General Shareholder Meeting.