Information on change of percentage share in Netia's share capital (9/2014)
WARSAW, Poland – February 21, 2014 – Netia SA (“Netia” or the “Company”) (WSE: NET), Poland’s largest alternative provider of fixed-line telecommunications services, announced that 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 decreased below 15% of the total number of votes at Netia’s General Meeting of Shareholders.
According to the notification, as a result of termination of the advisory agreement with one of its clients, Third Avenue Management as of February 19, 2014 no longer has the right to exercise votes from 8,049,123 Netia shares, which resulted in a decrease of Third Avenue Management share in total votes in the Company. As of February 19, 2014 Third Avenue Management holds 49,829,776 Netia shares, representing 14.32% of Netia’s share capital and entitling the holder thereof to exercise 49,829,776 votes, which represents 14.32% of the total number of votes at Netia’s General Meeting of Shareholders.
Prior to the above change, Third Avenue Management LLC held 57,878,899 Netia shares, which represented 16.64% of Netia’s share capital and was entitled to 57,878,899 votes, representing 16.64% of the total number of votes at Netia’s General Shareholder Meeting.