The management board of Netia SA (the “Company” or “Netia”), Poland's largest alternative provider of fixed-line
telecommunications services, hereby announces that, between 29 June and 5 July 2012,
the Company purchased, through Dom Inwestycyjny BRE Banku S.A., 605.000 of its
own shares, each with a nominal value of PLN 1, during stock exchange trading
sessions on the main market of the Warsaw Stock Exchange. The shares bought
back by the Company carry a total of 605.000 votes at the general meeting of
the Company’s shareholders and constitute 0.16% of the Company’s share capital.
The average price of the Company’s bought shares for the above mentioned period
was 5.87 PLN. Please
see Schedule No. 1 to this current report for detailed data (date and
time of the transactions/the number of shares purchased/the price) on each of
the transactions executed in the period stated above.
The Company is continuing the buy-back of its
own shares in the course of a further tranche of share buy-backs announced by
the Company on 17 May 2012 (see current report No. 38/2012 dated 17 May 2012) for
the purpose of the redemption of such shares (the “Program”).
Since the date on which the Company commenced
acquisitions of shares in the course of the Program, i.e. 17 May 2012, the
Company has acquired a total of 4.803.079 of its own shares. The own shares
acquired by the Company since the commencement of the Program carry a total of 4.803.079
votes at the general meeting of the shareholders, and represent 1.24% of the
Company’s share capital, and a 1.24% share in the total number of the votes at
the general meeting of the shareholders.
The Program will continue in effect until the
date on which all shares intended to be acquired by the Company have been
bought back over the course of the Program or until the financial resources
earmarked for the Program have been expended, not longer, however, than until 2 June
2013. The Company’s management board may, after obtaining the relevant consent
of the supervisory board, amend the terms or method of acquiring the shares
over the course of the Program, as well as shorten the term of the Program.
Art. 4 section 4 Commission Regulation (EC) No. 2273/2003 of 22 December 2003 implementing Directive 2003/6/EC of the European Parliament and of the Council as regards exemptions for buy-back programs and stabilization of financial instruments (OJ L 336 of 23 December 2003).