Issuance of Netia's series K shares and acquisition of shares by the Company’s Management Board members and managers (67/2011)
The Series K Shares were issued due to the exercise of stock options by two Management Board members and four persons who hold managerial positions (but not management board members). 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 391,602,064 and represents 391,602,064 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 540,678 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 540,678 Series III Notes.
Pursuant to the above, Netia received the following notifications regarding the subscription of newly issued Series K Shares of the Company for the issue price of PLN 1 per share, in compliance with the prospectus for the Company shares and bonds dated 17 April 2002, as amended, following the exercise of options granted pursuant to the Plan (please see the attachment below).