Netia convenes extraordinary shareholders’ meeting
WARSAW, Poland – February 10, 2004 – Netia SA (“Netia”) (WSE: NET), Poland’s largest alternative provider of fixed-line telecommunications services today announced that at the request of its shareholders listed below, which represent over one-tenth of Netia’s share capital, it will hold an extraordinary general shareholders’ meeting in Warsaw on March 11, 2004 at 14:00 hours Warsaw time, to adopt: (i) changes in the composition of Netia’s supervisory board; and (ii) a decision on the remuneration of supervisory board members made up of the following multiples of average monthly remuneration in the enterprise sector from the last month of the last quarter, announced by the President of the Polish Main Statistical Office in the Official Journal of the Republic of Poland, “Monitor Polski”: 1.2 times for supervisory board members; 1.4 times for the vice-chairman and 1.5 times for the chairman. The extraordinary general shareholders’ meeting is being convened at the request of the following shareholders of Netia: (1) Pioneer Agresywnego Inwestowania FIO, Pioneer Akcji FIO, Pioneer Zrównoważony FIO, Pioneer Stabilnego Wzrostu FIO; (2) PKO/Credit Suisse Stabilnego Wzrostu FIO; (3) ING Nationale-Nederlanded Polska Otwarty Fundusz Emerytalny; (4) Otwarty Fundusz Emerytalny Commercial Union BPH CU WBK; (5) Otwarty Fundusz Emerytalny PZU „Złota Jesień”, and (6) AIG Otwarty Fundusz Emerytalny.
Participation in the Ordinary Shareholders’ Meeting on March 11, 2004 (the “Meeting”) Shareholders holding publicly-traded bearer shares and registered shares shall have the right to participate in the Meeting provided that at least seven days prior to the date of the Meeting (i.e. by March 4, 2004, 17.00 hours Warsaw time), they deliver to the Company depository certificates issued by the brokerage house keeping such shareholder’s securities account, or by Centralny Dom Maklerski PEKAO SA. Shareholders that own non-publicly traded bearer shares shall have the right to participate in the Meeting provided that their shares are deposited with the Company at least seven days prior to the date of the Meeting, i.e. by March 4, 2004, 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, as well as 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 the Company's offices three 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 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, its Current Report dated October 1, 2003, its Current Report dated November 4, 2003, its Current Report dated November 6, 2003, its Current Report dated December 29, 2003 and its Current Report dated February 3, 2004. Netia undertakes no obligation to publicly update or revise any forward-looking statements.