Netia S.A. convenes extraordinary general meeting of shareholders to approve its internal consolidation
WARSAW, Poland – September 25, 2003 – Netia S.A. (“Netia”) (WSE: NET), Poland's largest alternative provider of fixed-line telecommunications services, today announced that it will hold an extraordinary general meeting of shareholders in Warsaw on October 30, 2003 at 3:00 PM CET, (the “Meeting”) to approve Netia’s merger with the following Netia’s wholly-owned subsidiaries, in connection with the ongoing process of internal consolidation of the Netia group companies: Netia Telekom S.A., Netia South Sp. z o.o., Netia Telekom Mazowsze S.A., Netia Telekom Warszawa S.A., Netia Telekom Modlin S.A., Netia Telekom Lublin S.A., Netia Telekom Ostrowiec S.A., Netia Telekom Swidnik S.A., Netia Telekom Torun S.A., Netia Telekom Wloclawek S.A., Netia Telekom Kalisz S.A., Netia Telekom Pila Sp. z o.o., Netia Telekom Silesia S.A., Netia Telekom Telmedia S.A., Optimus Inwest S.A., Netia Network S.A., Telekom Building Sp. z o.o., Netia 1 Sp. z o.o., and Telko Sp. z o.o.
Participating in the Meeting Shareholders holding publicly traded bearer shares and registered shares shall have the right to participate in the Meeting, provided that, at least 7 days prior to the date of the Meeting (i.e. by October 23, 2003 at 17.00 hours Warsaw time) they deliver to Netia the depository certificates issued by the brokerage house keeping such shareholder’s securities account, or by Centralny Dom Maklerski PEKAO SA. Shareholders who own non-publicly traded bearer shares shall have the right to participate in the Meeting, provided that, their shares are deposited with Netia at least 7 days prior to the date of the Meeting, i.e. by October 23, 2003 at 17.00 hours Warsaw time. Proxies of shareholders who are legal persons must present an up-to-date copy of an extract from an appropriate register stating who is authorized to represent such entities, and respective powers of attorney. The power of attorney authorizing a proxy to participate in the Meeting must be in writing. The list of shareholders authorized to participate in the Meeting shall be available for inspection at Netia's offices 3 days prior to the Meeting.
Some of the information contained in this news release contains forward-looking statements. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differmaterially from those in the forward-looking statements as a result of various factors. For a more detailed description of these risks and factors, please see Netia’s filings with the Securities and Exchange Commission, including its Annual Report on Form 20-F filed with the Commission on June 27, 2003, its Current Report on Form 6-K filed with the Commission on June 30, 2003, its Current Report on Form 6-K filed with the Commission on August 8, 2003, its current report dated August 13, 2003 and its current report dated August 23, 2003. Netia undertakes no obligation to publicly update or revise any forward-looking statements.