In relation to the current report number 7/2010 dated 9 March 2010 - Content of resolutions adopted by the Extraordinary General Meeting of Cyfrowy Polsat S.A. on 8 March 2010 - The Management Board of Cyfrowy Polsat S.A. (Company') hereby informs that on 31 March 2010 it become aware of registration on 22 March 2010 by the District Court in Warsaw, the XIII Commercial Division National Court Register of changes to the Articles of Association of the Company. The changes to the Articles of Association of the Company were amended based on the resolution number 7 of the Extraordinary General Shareholders Meeting of Cyfrowy Polsat S.A. dated 8 March 2009.
The Articles of Association of Company were change as follows:
The wording to date:
Art. 8
Share capital of the Company amounts to 10,733,000 (ten million seven hundred and thirty three thousand) zlotys, and is divided into 268,325,000 (two hundred and sixty eight million three hundred and twenty five thousand) shares of face value of four groszy (0.04 zlotys) each, including:
1. 2,500,000 (two million five hundred thousand) registered shares series A, privileged as to the voting rights. Each A series share gives a right to two (two) votes in a General Meeting.
2. 2,500,000 (two million five hundred thousand) registered shares series B, privileged as to the voting rights. Each B series share gives a right to two (two) votes in a General Meeting.
3. 7,500,000 (seven million five hundred thousand) registered shares series C, privileged as to the voting rights. Each C series share gives a right to two (two) votes in a General Meeting.
4. 175,000,000 (one hundred seventy five million) registered shares series D, privileged as to the voting rights. Each D series share gives a right to two (two) votes in a General Meeting.
5. 75,000,000 (seventy five million) bearer shares series E.
6. 5,825,000 (five million eight hundred twenty five thousand) bearer shares series F.
shall be replaced with a new word as follows:
Art. 8
Share capital of the Company amounts to 10,733,000 (ten million seven hundred and thirty three thousand) zlotys, and is divided into 268,325,000 (two hundred and sixty eight million three hundred and twenty five thousand) shares of face value of four groszy (0.04 zlotys) each, including:
1. 2,500,000 (two million five hundred thousand) registered shares series A, privileged as to the voting rights, identified by the numbers A No. 1 - 2,500,000. Each A series share gives a right to two (2) votes in a General Meeting.
2. 2,500,000 (two million five hundred thousand) registered shares series B, privileged as to the voting rights identified by the numbers B No. 1 - 2,500,000. Each B series share gives a right to two (2) votes in a General Meeting.
3. 7,500,000 (seven million five hundred thousand) registered shares series C, privileged as to the voting rights identified by the numbers C No. 1 - 7,500,000. Each C series share gives a right to two (2) votes in a General Meeting.
4. 175,000,000 (one hundred seventy five million) shares series D, identified by the numbers D No. 1 - 175,000,000 including:
a) 166,917,501 (one hundred sixty six million, nine hundred seventeen thousand, five hundred and one) registered shares, privileged as to the voting rights in a manner that each of the shares entitles to two (2) votes in a General Meeting identified by the numbers D No. 1 - 166,917,501,
b) 8,082,499 (eight million, eighty two thousand, four hundred and ninety nine) bearer shares identified by the numbers D No. 166,917,502 - 175,000,000.
5. 75,000,000 (seventy five million) ordinary, bearer shares series E identified by the numbers E No. 1 - 75,000,000.
6. 5,825,000 (five million eight hundred twenty five thousand) ordinary, bearer shares series F identified by the numbers F No. 1 - 5,825,000.
Hereby paragraph 2 of Article 27 of the Articles of Association of the Company has been repealed.
The so far paragraph 3 and 4 of Article 27 of the Articles of Association shall then be paragraph 2 and 3 of Article 27
The consolidated text of the Articles of Association of the Company set by the resolution no 8 the Extraordinary General Shareholders Meeting of Cyfrowy Polsat S.A. dated 8 March 2010 is in the annex to this current report.
In addition, due to changes in the Statute registered on 22 March 2010 changed the number of votes at the General Meeting. Before registering changes the share capital consisted of 268,325,000 shares, which entitled to 455,825,000 votes at the General Meeting. After registering above changes share capital consists of 268,325,000 shares, which entitled the 447,742,501 votes at the General Meeting.
Legal grounds:
§ 38 sec. 1 point 2 and § 5 sec. 1 point 9 of the Regulation of the Council of Ministers of 19 February 2009 concerning the submission of current periodical information by the securities' issuers and the conditions of recognizing as equal the information demanded by the national lawful regulation of a country which does not hold the membership in European Union
The consolidated text of the Articles of Association of the Company
public://documents/raport-biezacy-nr-10-2010_eng.pdf en 1202 Information on the sale transactions on shares of Cyfrowy Polsat S.A. performed by an entity related to the member of the Management Board of the Company 03/23/2010 9/2010 Current reportsThe Management Board of Cyfrowy Polsat S.A. (Company), informs that on 22 March 2010 it received an information that an entity related to the member of the Management Board sold in the standard session transactions:
1. 78,768 shares of Cyfrowy Polsat S.A. at the average price of PLN 15.62 per share on 18 March 2010,
2. 41,232 shares of Cyfrowy Polsat S.A. at the average price of PLN 15.57 per share on 19 March 2010.
Legal grounds: art. 160 section 4 of the law of 29 July 2005 on trade in financial instruments.
public://documents/raport-biezacy-nr-9-2010_eng.pdf en 1204 List of shareholders holding not less than 5% of the votes on Extraordinary General Meeting of Cyfrowy Polsat S.A. convened on 8 March 2010 03/09/2010 8/2010 Current reportsThe Management Board of Cyfrowy Polsat S.A. (Company), hereby announces the list of shareholders that exercised voting rights attached to shares representing not less than 5% at the Extraordinary General Meeting held on 8 March 2010 9.
| Shareholder | Number of votes | Share of votes in the total share of votes represented on the Extraordinary General Meeting held on 8 March 2010 | Share of votes in the total number of votes |
| Polaris Finance B.V. | 357.968.750 | 88,74% | 78,5% |
| Zygmunt Solorz-Żak | 21.207.500 | 5,26% | 4,7% |
| Total | 379.176.250 | 94,00% | 83,2% |
On the Extraordinary General Meeting held on 8 March 2010 403,390,756 votes were represented, which constitute 88.5% of the total number of votes on Annual Shareholders Meeting. According to the Company's Statue, Series A, B, C and D shares carry two votes.
Legal grounds: Art. 70 sec. 3 of Act on public offering and the terms for introduction of financial instruments to organised trading and on public companies.
The Management Board of Cyfrowy Polsat S.A. (Company) hereby publishes the content of resolutions approved by the Extraordinary General Meeting held on 8 March 2010.
Legal grounds § 38 sec. 1 point 7 of the Regulation of the Council of Ministers of 19 February 2009 concerning the submission of current periodical information by the securities' issuers and the conditions of recognizing as equal the information demanded by the national lawful regulation of a country which does not hold the membership in European Union.
public://documents/Raport-biezacy-nr-7-2010-eng.pdf en 1208 Information on the conclusion of license agreements and annex to the license agreement with Telewizja Polsat S.A. (significant agreement) 02/18/2010 6/2010 Current reportsThe Management Board of The Cyfrowy Polsat S.A. (Company) hereby informs that on 17 February 2010 it concluded in a written form a license agreement, that prolongs the oral agreement, for distribution of Polsat Film. It also concluded in a written form a license agreement, that prolongs the oral agreement, to distribute Polsat News, Polsat Play and Polsat Cafe and annex to the license agreements dated 1 January 2006 for distribution of Polsat Sport Extra.
Polsat Cafe is available to the subscribers of all packages offered by the Company, Polsat Film, Polsat News and Polsat Play are distributed to the Mini Max and Family Package subscribers and Polsat Sport Extra is distributed to Family Package subscribers.
For distributing channels all the above mentioned channels, the Company will pay a monthly license fee, expressed in US dollars for Polsat Sport Extra and Polsat Film and in Polish Zloty for Polsat News, Polsat Play and Polsat Cafe.
Total value of signed annexes depends on the number of Family Packages subscribers and PLN/US dollar exchange rate. The Company estimated that the total value of these agreements and annex, in the life of the agreements will not be lower than PLN 179,600,000 based on the PLN/US dollar exchange rate of PLN 2,9007 per 1 US dollar, exchange rate published by the National Bank of Poland on day 17 February.
All conditions of the agreements do not vary from market standards applied to this type of agreements.
The annexes to the agreements have been deemed material due to the fact that its value over its lifetime will exceed 10% of the equity of the Company.
Legal basis: Paragraph 5, section 1, point 3 of a Decree of the Finance Minister regarding current and periodical information filed by issuers of securities.
public://documents/raport-biezacy-nr-6-2010_eng.pdf en 1210 Information on convening Extraordinary Shareholders Meeting of Cyfrowy Polsat S.A and content of draft resolutions for the Extraordinary Shareholders Meeting of Cyfrowy Polsat S.A. 02/10/2010 5/2010 Current reportsThe Management Board of Cyfrowy Polsat S.A. (Company) hereby informs that it convenes an Extraordinary Shareholders Meeting of Cyfrowy Polsat Spółka Akcyjna to be held on 8 March 2010 at 10.00 am in the Company's headquarters in Warsaw, at 4a Łubinowa Street.
Agenda:
1. Opening of the Extraordinary General Meeting.
2. Election of the Chairman of the Extraordinary General Meeting.
3. Validation of convening the Extraordinary General Meeting and its ability to adopt resolutions.
4. Appointment of the Ballot Committee.
5. Approval of the agenda.
6. Adoption of a resolution amending the Articles of Association.
The wording to date:
Art. 8
Share capital of the Company amounts to 10,733,000 (ten million seven hundred and thirty three thousand) zlotys, and is divided into 268,325,000 (two hundred and sixty eight million three hundred and twenty five thousand) shares of face value of four groszy (0.04 zlotys) each, including:
1. 2,500,000 (two million five hundred thousand) registered shares series A, privileged as to the voting rights. Each A series share gives a right to two (two) votes in a General Meeting.-
2. 2,500,000 (two million five hundred thousand) registered shares series B, privileged as to the voting rights. Each B series share gives a right to two (two) votes in a General Meeting.-
3. 7,500,000 (seven million five hundred thousand) registered shares series C, privileged as to the voting rights. Each C series share gives a right to two (two) votes in a General Meeting.
4. 175,000,000 (one hundred seventy five million) registered shares series D, privileged as to the voting rights. Each D series share gives a right to two (two) votes in a General Meeting.
5. 75,000,000 (seventy five million) bearer shares series E.
6. 5,825,000 (five million eight hundred twenty five thousand) bearer shares series F.-
Proposed wording:
Art. 8
Share capital of the Company amounts to 10,733,000 (ten million seven hundred and thirty three thousand) zlotys, and is divided into 268,325,000 (two hundred and sixty eight million three hundred and twenty five thousand) shares of face value of four groszy (0.04 zlotys) each, including:
1. 2,500,000 (two million five hundred thousand) registered shares series A, privileged as to the voting rights, identified by the numbers A No. 1 - 2,500,000. Each A series share gives a right to two (2) votes in a General Meeting.
2. 2,500,000 (two million five hundred thousand) registered shares series B, privileged as to the voting rights identified by the numbers B No. 1 - 2,500,000. Each B series share gives a right to two (2) votes in a General Meeting.
3. 7,500,000 (seven million five hundred thousand) registered shares series C, privileged as to the voting rights identified by the numbers C No. 1 - 7,500,000. Each C series share gives a right to two (2) votes in a General Meeting.
4. 175,000,000 (one hundred seventy five million) shares series D, identified by the numbers D No. 1 - 175,000,000 including:
a) 166,917,501 (one hundred sixty six million, nine hundred seventeen thousand, five hundred and one) registered shares, privileged as to the voting rights in a manner that each of the shares entitles to two (2) votes in a General Meeting identified by the numbers D No. 1 - 166,917,501,
b) 8,082,499 (eight million, eighty two thousand, four hundred and ninety nine) bearer shares identified by the numbers D No. 166,917,502 - 175,000,000.
5. 75,000,000 (seventy five million) ordinary, bearer shares series E identified by the numbers E No. 1 - 75,000,000.
6. 5,825,000 (five million eight hundred twenty five thousand) ordinary, bearer shares series F identified by the numbers F No. 1 - 5,825,000.
The wording to date:
Art. 27 par. 2
Shareholders participating in a General Meeting have a number of votes equal to the number of shares held, with the proviso that the shares of Series A to D give the right to two (2) votes in a General Meeting.
Proposed wording:
Hereby paragraph 2 of Article 27 of the Articles of Association of the Company has been repealed.
The so far paragraph 3 and 4 of Article 27 of the Articles of Association shall then be paragraph 2 and 3 of Article 27.
7. Adoption of a resolution on the admission of certain shares to trading on a regulated market, carrying out other related operations and their dematerialization.
8. Adoption of a uniform text of the Articles of Association to reflect the changes referred to in point 8 and 9 above.
9. Closure of the meeting.
The Management Board of Cyfrowy Polsat S.A. also publisher in attachment to this current report:
1. The notice convening an Extraordinary Shareholders Meeting dated 8 March 2010, prepared in accordance with Article. 402(2) Commercial Code
2. The content of draft resolutions for the Extraordinary Shareholders Meeting convened on 8 March 2010
The Company publishes all information relating to the Extraordinary Shareholders Meeting on Company's website at: http://www.cyfrowypolsat.pl/inwestor/ tab General Shareholders Meeting - Materials
Draft resolutions for Extraordinary Shareholders Meeting to be held on 8 March 2010 (.pdf)
Legal grounds § 38 sec. 1 point 1 of the Regulation of the Council of Ministers of 19 February 2009 concerning the submission of current periodical information by the securities' issuers and the conditions of recognizing as equal the information demanded by the national lawful regulation of a country which does not hold the membership in European Union
public://documents/Raport-biezacy-nr-5-2010-pl.pdf en 1212 Financial calendar for publication of periodical reports in 2010 01/29/2010 4/2010 Current reportsFinancial calendar for publication of periodical reports in 2010 and information on submitting consolidated periodical reports in relation to the Regulation of the Council of Ministers of 19 February 2009 concerning the submission of current and periodical information by the securities' issuer and also the conditions of recognizing as equal the information demanded by the national lawful regulation of a country which does not hold the membership in European Union
The Management Board of Cyfrowy Polsat S.A. (Company), hereby announces publication dates of periodical reports in 2010 according to the Decree of the Council of Ministers dated 19 February 2009 concerning the submission of current and periodical information by the securities' issuers and also the conditions of recognizing as equal the information demanded by the national lawful regulation of a country which does not hold the membership in European Union:
I. Annual report and consolidated annual report for 2009 - 18 March 2010
II. Consolidated quarterly reports
- 1st quarter of 2010 - 11 May 2010,
- 3rd quarter of 2010 - 5 November 2010.
III. Consolidated semi-annual report for the 1st half of 2010 - 26 August 2010.
Simultaneously, following the regulations of §83 sec. 1 and 3 of the Company informs that it is its intention to regularly present in the consolidated quarterly reports in 2010 stand alone financial statements as referred to in § 83 item 1 of the Decree as well as to present the consolidated interim report for the first half of 2010 including stand alone financial statements for the six months ended 30 June 2010 as referred to in § 83 item 3 of the Decree.
Company will not publish separate quarterly report or consolidated quarterly report for the 4th quarter of 2009 as a result of changes in law regulating interim reports publication dismissed from the duty of publication of such a report.
Prepared according to: § 103 sec. 1 of the Regulation of the Council of Ministers of 19 February 2009 concerning the submission of current periodical information by the securities' issuers and also the conditions of recognizing as equal the information demanded by the national lawful regulation of a country which does not hold the membership in European Union
public://documents/Raport-biezacy-nr-4-2010-eng.pdf en 1214 List of current and periodic reports disclosed during 2009 01/18/2010 3/2010 Current reportsThe Management Board of Cyfrowy Polsat S.A. (Company), hereby publishes the list of current and periodic reports (Reports) disclosed by the Company during 2009. The reports are available in the Company's premises on 4a Łubinowa Street, Warsaw. They are also available on our investor relations website at http://www.cyfrowypolsat.pl/inwestor/index.cp.
Legal grounds: § 65 point 1 Act on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organized Trading, and Public Companies dated 29 July 2005
Current reports filed by Cyfrowy Polsat S.A. in 2009
public://documents/Raport-biezacy-nr-3_2010_eng.pdf en 1216 Receipt of a decision of the President of the Office of Competition and Consumer Protection regarding the proceedings concerning the practices breaching the collective interests of consumers by Cyfrowy Polsat S.A. 01/12/2010 2/2010 Current reportsThe Management Board of Cyfrowy Polsat S.A. (the Company) informs that with regards to current report 30/2009 of 14 August 2009, it received decision number 11/2009 of 31 December 2009 stating that the President of the Office of Competition and Consumer Protection recognizes that the provisions, set out in the Terms of Service provision with the wording as follows: In the event of occurrences beyond the control of Cyfrowy Polsat, considered force majeure, in particular of legal, technical, or economic nature, Cyfrowy Polsat reserves the right o introduce changes to the number, or type of television, or radio channels available within the Basic Package, or Additional Packages. as practice breaching the collective interests of consumers and states that they were ceased on 16 November 2009.
The decision is not legally binding.
Pursuant to article 26 clause 2 with relation to art. 27 clause 4 and in relation with art. 27 clause 2 of the law of 16 February 2007 on competition and consumer protection regarding the decision in question, the President of the Office of Competition and Consumer Protection orders, once the decision becomes legally binding, its publication on the www.cyfrowypolsat.pl website and in a daily newspaper of nationwide circulation. Moreover, pursuant to art. 106 clause 1 point 4 of the law of 16 February 2007 on competition and consumer protection the President imposes a cash fine of PLN 993,597, payable to the budget of the state, due to the breach of the interdiction set out in art. 24 clause 1 and 2 point 1 of the law of 16 February 2007 on competition and consumer protection within the scope described in the decision, which constitutes 0.09% of the Company's revenue for in 2008.
Moreover, pursuant to art. 105 paragraph 1 of the law of 14 June 1960 of the Administrative proceedings code with regards to art. 83 of the law on competition and consumer protection, the President of the Office of Competition and Consumer Protection discontinues the proceedings with regards to the following provision of the Terms of service provision: Such a change, and in particular replacement of a given channel with a channel of similar subject, discontinuation of a given channel due to its low viewing figures, discontinuation of a given channel due to occurrences effected by its broadcaster, or due to a decision issued by a body of the state authority, or a court decision does not constitute a change to the Agreement or a change of these Terms of Service Provision.
The Company is preparing to appeal against the decision in question.
Legal grounds: Paragraph 5 section 1 point 8 of the Decree of the Finance Minister of 19 February 2009 on ongoing and periodical information submitted by issuers of securities, and conditions of their acceptance as equivalent, required by the laws of a country not being a member state.
public://documents/raport-biezacy-nr-2-2010_eng.pdf en 1218 A Change in the composition of the Management Board of Cyfrowy Polsat S.A. 01/06/2010 1/2010 Current reportsThe Management Board of Cyfrowy Polsat S.A. (the Company) inform that Andrzej Matuszynski a Member of the Management Board, after a five year employment with Cyfrowy Polsat S.A. has resigned from the position on the Management Board effective on 6 January 2010. His responsibilities will be taken over by Dominik Libicki, President of the Management Board.
The Management Board and the Supervisory Board would like to take the opportunity to thank Andrzej Matuszynski for his commitment and valuable input into the development of the Company that he contributed during his time with the Company.
Legal grounds § 38 sec. 1 point 7 of the Regulation of the Council of Ministers of 19 February 2009 concerning the submission of current periodical information by the securities' issuers and the conditions of recognizing as equal the information demanded by the national lawful regulation of a country which does not hold the membership in European Union
public://documents/raport-biezacy-nr-1-2010_eng.pdf en 1220 Information concerning the transfer of shares of Cyfrowy Polsat S.A. held by Polaris Finance B.V. to Delas Holdings Limited 12/17/2011 65/2011 Current reportsThe Management Board of Cyfrowy Polsat S.A. (the Company) hereby announces that on December 16, 2011 it was informed by Polaris Finance B.V. in liquidation (Polaris) and by Delas Holdings Limited (Delas) about the transfer of all shares of the Company held by Polaris Finance B.V. to Delas Holdings Limited.
On December 13, 2011 and December 14, 2011 in course of liquidation of Polaris Finance B.V. in liquidation, Delas Holdings Limited, incorporated under the laws of Malta, as the sole shareholder of Polaris acquired the total of 168,941,818 (one hundred sixty eight million nine hundred forty one thousand and eight hundred eighteen) of the Company's shares (Shares, Transaction).
Prior to the transfer of ownership of shares, Polaris held 168,941,818 of the Company's shares constituting 48.5% of the share capital of the Company and representing 335,884,319 votes at the general meeting, which constituted 63.64% of the total number of votes in the Company. The abovementioned portfolio consisted of:
- 166,942,501 privileged registered shares constituting 47.92% of the Company's share capital and representing 333,885,002 votes at the general meeting of the Company, which constituted 63.26% of the total number of votes in the Company, and
- 1,999,317 bearer shares constituting 0.57% of the Company's share capital and representing 1,999,317 votes at the general meeting of the Company, which constituted
0.38% of the total number of votes in the Company.
After the Transaction, Polaris does not hold any Company's shares.
Following the Transaction, Delas holds 168,941,818 of the Company's shares constituting 48.5% of the share capital of the Company and representing 335,884,319 votes at the general meeting, which constitutes 63.64% of the total number of votes in the Company. The above-mentioned portfolio consists of:
- 166,942,501 privileged registered shares constituting 47.92% of the Company's share capital and representing 333,885,002 votes at the general meeting of the Company, which constitutes 63.26% of the total number of votes in the Company,
- 1,999,317 bearer shares constituting 0.57% of the Company's share capital and representing 1,999,317 votes at the general meeting of the Company, which constitutes
0.38% of the total number of votes in the Company.
There are no subsidiaries of Delas which would hold the Company's shares nor is Delas a party to any agreements the object of which would be the transfer of the voting rights from the Company's shares.
Within a period of 12 months following the notification, Delas does not intend to increase its share in the number of votes at the general meeting of the Company.
Both companies - Delas and Polaris are indirectly controlled by Mr. Zygmunt Solorz-Żak so the Transaction was concluded within one capital group.
Legal basis: Article 70 item 1 of the Act dated July 29, 2005 on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organized Trading, and Public Companies.
The Management Board of Cyfrowy Polsat S.A. (Company), hereby announces publication dates of periodical reports in 2012.
1. Consolidated quarterly reports:
- Quarterly report for Q1 2012 - 15 May 2012
- Quarterly report for Q3 2012 - 14 November 2012
2. Consolidated semi-annual report for the 1st half of 2012 - 30 August 2012
3. Annual reports:
- Annual report and consolidated annual report for 2011 - 12 March 2012
In addition, pursuant to the provisions of §83 sec. 1 and 3 of the Ordinance of the Minister of Finance of February 19, 2009 regarding current and periodic information to be submitted by issuers of securities, and the conditions for recognizing equivalence of information required under non-member states regulations (Ordinance), the Company will not publish stand alone quarterly or semi-annual reports. The Company informs that it is its intention to present in the consolidated quarterly reports in 2012 condensed stand alone financial statements as referred to in § 83 sec. 1 of the Ordinance as well as to present the consolidated semi-annual report for the first half of 2012 including condensed stand alone financial statements for the six months ended 30 June 2012 as referred to § 83 sec. 3 of the Ordinance.
The company also announces that it will not publish a consolidated quarterly report for Q4 2011 or a consolidated quarterly report for Q2 2012 pursuant to the provisions of § 102 sec. 1 and § 101 sec. 2 of the Ordinance.
Legal basis: Article 56 Section 1 item 2 of the Act on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organized Trading, and Public Companies in conjunction with § 103 Section 1 of the Ordinance of the Minister of Finance of February 19, 2009 regarding current and periodic information to be submitted by issuers of securities, and the conditions for recognizing equivalence of information required under non-member states regulations (Dziennik Ustaw from 2009, No. 33, item 259, as amended).
public://documents/current-report-64_2011.pdf en 1224 Information on sale of shares 10/31/2011 63/2011 Current reportsThe Management Board of Cyfrowy Polsat S.A. (the Company) hereby announces that on October 31, 2011 the Company received from a member of the Management Board the information provided under Article 160 Section 1 item 1 in conjunction with Section 2 of the Act of July 29, 2005 on Trading in Financial Instruments (consolidated text: Dz. U. of 2010 No. 211, item 1384, as amended) regarding the sale of 90.465 (ninety thousand four hundred sixty five) shares of the Company by a person closely related to that member of the Management Board.
The sale price was PLN 15.69 - 15.74 per share, the transactions were executed on a regulated market, in the form of ordinary transactions, on October 24-25, 2011.
Legal basis: Article 160 Section 4 of the Act on Trading in Financial Instruments - insider trading disclosure.