Netia’s series K shares admitted to trading on the Warsaw Stock Exchange (40/2011)
The series K shares were issued from Netia’s authorized capital due to the exercise of stock options by persons who held managerial positions (but not management board members) and whose employment contracts were terminated prior to the exercise of options. These stock options were granted under the performance stock option plan adopted by Netia’s Supervisory Board on June 28, 2002, as amended. By resolution No. 218/03 of May 14, 2003, the Management Board of KDPW assigned the series K shares with the PLNETIA00097 code.
Netia’s issued and outstanding share capital, following this issuance is PLN 391,061,386 and represents 391,061,386 shares, PLN 1 par value per share, each share giving the right to one vote at Netia’s general meeting of shareholders.
The series K shares were issued due to the exercise of rights attached to 18,418 ordinary bearer Series III notes, authorizing their holders to subscribe for the series K shares prior to the Company’s shareholders, having a nominal value of 1 grosz (PLN 0.01) each (“Series III Notes”). In connection with the exercise of rights from the Series III Notes, the Company bought and redeemed 18,418 Series III Notes.