The Management Board of Cyfrowy Polsat S.A. (the Company) hereby announces that on February 18, 2013, the Company received from Mr. Zygmunt Solorz-Żak and from the family foundation (trust) TiVi Foundation the information provided under article 69 of the Act dated July 29, 2005 on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organized Trading, and Public Companies (the Act on Public Offering), regarding the transfer of ownership of shares in Pola Investments Ltd. seated in Nicosia, Cyprus (Pola), the company controlled by Mr. Zygmunt Solorz-Żak, to the family foundation (trust) TiVi Foundation seated in Vaduz, Lichtenstein (TiVi Foundation), based on the agreement dated February 13, 2013. Thus, TiVi Foundation indirectly acquired shares in the Company.
Prior to the transfer of ownership of shares in Pola, Mr. Zygmunt Solorz-Żak did not hold the Company's shares neither directly nor through any controlled entity other than Pola.
Prior to the transfer of ownership of shares in Pola, Pola held and was entitled to exercise voting rights from 174,995,671 (one hundred seventy four million nine hundred ninety five thousand six hundred seventy one) shares of the Company, that constituted 50.24% of the Company's share capital. The shares held by Pola and included in the proxy given to Pola by Sensor Overseas Ltd. seated in Nicosia, Cyprus, represented jointly 348,291,922 votes at the general meeting of the Company, which was 65.99% of the total number of votes in the Company.
The abovementioned package included:
a) 173,296,251 privileged registered shares constituting 49.75% of the Company's share capital and representing 346,592,502 votes at the general meeting of the Company, which constitutes 65.67% of the total number of votes in the Company, and
b) 1,699,420 bearer shares constituting 0.49% of the Company's share capital and representing 1,699,420 votes at the general meeting of the Company, which constitutes 0.32% of the total number of votes in the Company.
Mr. Zygmunt Solorz-Żak informed that after the transfer of shares in Pola, he does not hold the Company's shares neither directly nor through any controlled entity.
Prior to the transfer of ownership of shares in Pola, TiVi Foundation did not hold the Company's shares neither directly nor through any controlled entity.
After the transfer of shares in Pola, TiVi Foundation does not hold the Company's shares neither directly nor through any controlled entity other than Pola.
Currently, Pola - the company controlled by TiVi Foundation - holds and is entitled to exercise voting rights from 174,995,671 (one hundred seventy four million nine hundred ninety five thousand six hundred seventy one) shares of the Company, that constitutes 50.24% of the Company's share capital. The shares held by Pola and included in the proxy given to Pola by Sensor Overseas Ltd. seated in Nicosia, Cyprus, represent jointly 348,291,922 votes at the general meeting of the Company, which is 65.99% of the total number of votes in the Company.
The abovementioned package includes:
a) 173,296,251 privileged registered shares constituting 49.75% of the Company's share capital and representing 346,592,502 votes at the general meeting of the Company, which constitutes 65.67% of the total number of votes in the Company, and
b) 1,699,420 bearer shares constituting 0.49% of the Company's share capital and representing 1,699,420 votes at the general meeting of the Company, which constitutes 0.32% of the total number of votes in the Company.
TiVi Foundation informed that, within 12 months from the date of notification, it does not intend to further increase its share in the total number of votes at the general meeting of the Company, except for the increase pursuant to article 73 item 2 point 1 of the Act on Public Offering.
Legal basis: § 70 point 1 Act dated July 29, 2005 on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organized Trading, and Public Companies.
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