Netia announces proposed resolution for the Extraordinary General Meeting of Shareholders on October 30, 2003
WARSAW, Poland – October 22, 2003 – Netia S.A. (“Netia” or the “Company”) (WSE: NET), Poland’s largest alternative provider of fixed-line telecommunications services today announced the proposed resolution to be presented for the shareholders’ vote at the Netia’s Extraordinary General Meeting of Shareholders on October 30, 2003. The proposed resolution includes an approval of 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.
The full text of the proposed resolution along with the terms of the merger announced on July 22, 2003 and the rationale for the merger announced on September 15, 2003, are available at Netia’s website at www.investor.netia.pl.
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 differ materially 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, its current report dated September 23, 2003 and its current report dated October 1, 2003. Netia undertakes no obligation to publicly update or revise any forward-looking statements.