The Management Board of Netia S.A. (hereinafter referred to as ‘Netia’ or the ‘Issuer’) informs that on July 21, 2015 the Issuer, as a buyer, concluded a significant contract with the company Polskie Koleje Państwowe spółka akcyjna (hereinafter referred to as ‘PKP S.A.’) as a seller (hereinafter referred to as ‘Contract’).
The subject of the Contract, that is a final contract of sale of shares, is the transfer of rights to 769,801 shares in the share capital of the company TK Telekom spółka z ograniczoną odpowiedzialnością with its registered seat in Warsaw, NCR number: 0000024788 (hereinafter referred to as ‘TK Telekom’) which represent 100% shares in the share capital of TK Telekom and which represent 100% of the total number of votes on the shareholders’ meeting of TK Telekom. The Contract was concluded under the obligation of the Issuer and PKP S.A., which result from the preliminary contract of sale of shares concluded on May 8, 2015 (see Netia’s current report No. 25/2015 from May 8, 2015) in connection with fulfilment of the conditions precedent indicated in the preliminary contract of sale of shares from May 8, 2015 (see Netia’s current report No. 44/2015 from July 8, 2015). As a price for sale of 769,801 shares in the share capital of TK Telekom the Issuer paid to PKP S.A., on the date of conclusion of the Contract, the amount of PLN 221,856,648.20 (two hundred twenty one million eight hundred fifty six thousand six hundred forty eight zloty 20/100).
The Contract was regarded as a significant contract due to the fact that the value of its subject (the sale price for 769,801 shares in the share capital of TK Telekom paid by the Issuer to PKP S.A.) exceeds 10% of the value of the sales revenues of the Issuer’s capital group for the term of the last four financial quartiers (the Issuer is the parent company that prepares the consolidated financial statement).
§ 5 clause 1 point 3 and § 9 of Ordinance of the Ministry of Finance dated 19 February 2009 on the current and periodical information delivered by the issuers of securities and on consideration as equivalent the information required by law of the countries outside the EU (consolidated text Journal of Laws from 2014, item 133, as amended).