Skip Ribbon Commands
Skip to main content
This site uses cookie files. Using this site means, that you accept the use of cookies, according to your web browser settings. You can change those settings anytime. Details can be found in our Cookie Policy.
 
 
 
 

Current Report No. 47/2010

26.10.2010 00:00

Agreements for taking TAURON Polska Energia S.A. shares by the State Treasury and transfer of shares in four subsidiaries to cover the increased share capital of TAURON Polska Energia S.A.

In line with resolution No. 5 of the Extraordinary General Meeting of TAURON Polska Energia S.A. (”the Company”) of 26 April 2010 on increase in share capital with no pre-emptive right for present shareholders and on amendments to Articles of Association and in reference to current report No. 41/2010 of 14 October 2010 concerning intention to amend the Company’s Articles of Association, the Management Board of the Company inform that on 26 October 2010 the Company received the following agreements signed by two parties:

1) agreement between the Company and the State Treasury for taking up 163,110,632 (one hundred sixty three million one hundred ten thousand six hundred thirty two) BB series shares in the increased share capital of the Company by the State Treasury through on the basis of a private placement (agreement for taking up shares),

2) agreement between the Company and the State Treasury for transfer of shares (agreement for transfer of shares).
Based on the above-mentioned Agreements the Company offers and the State Treasury takes up 163,110,632 (say: one hundred sixty three million one hundred ten thousand six hundred thirty two) ordinary registered series BB shares of the Company with a par value of PLN 9 (say: PLN nine) each, issued by the Company in connection with the increase in share capital in line with resolution No. 5 of the Extraordinary General Meeting of TAURON Polska Energia S.A. of 26 April 2010.

The issue price of BB Series shares is PLN 10.44 (say: PLN ten and 44 grosz) per share. BB series shares participate in dividend for 2010, i.e. starting from 1 January 2010.
The State Treasury shall pay for the series BB shares by in-kind contribution of the following shareholdings:

a) 22,528,790 (say: twenty two million five hundred twenty eight thousand seven hundred ninety) shares held by the State Treasury in Południowy Koncern Energetyczny with its registered office in Katowice (PKE) with a par value of PLN 10.00 (say: PLN ten) each which represents 14.45% of all registered PKE shares with fair value of PLN 863,753,808.60 (say: PLN eight hundred sixty three million seven hundred fifty three thousand eight hundred eight and 60 grosz), i.e. PLN 38.34 (say: PLN thirty eight and 34 grosz) per one share
- in return the State Treasury shall receive 82,735,039 (say: eighty two million seven hundred thirty five thousand thirty nine) Series BB shares of the Company,

b) 3,387,636 (say: three million three hundred eighty seven thousand six hundred thirty six) shares held by the State Treasury in Elektrownia Stalowa Wola S.A. with its registered office in Stalowa Wola (ESW) with a par balue of PLN 10.00 (say: PLN ten) each which represents 14.69% of all registered ESW shares with fair value of PLN 80,524,107.72 (say: PLN eighty million five hundred twenty four thousand one hundred seven and 72 grosz), i.e. PLN 23.77 (say: PLN twenty three and 77 grosz) per one share
- in return the State Treasury shall receive 7,713,037 (say: seven million seven hundred thirteen thousand thirty seven) series BB shares of the Company,

c) 3,706,725,306 (say: three billion seven hundred six million seven hundred twenty five thousand three hundred six) shares held by the State Treasury in Enion S.A. with its registered office in Krakow (Enion) with a par value of PLN 0.01 (say: PLN zero and one grosz) each, which represents 14.65% of all registered Enion shares with fair value of PLN 407,739,783.66 (say: PLN four hundred seven million seven hundred thirty nine thousand seven hundred eighty three and sixty six grosz), i.e. PLN 0.11 (say: PLN zero and eleven grosz) per one share,
- in return the State Treasury shall receive 39,055,534 (say: PLN thirty nine million fifty five thousand five hundred thirty four) series BB shares of the Company,

d) 1,131,797,798 (say: PLN one billion one hundred thirty one million seven hundred ninety seven thousand seven hundred ninety eight) shares held by the State Treasury in EnergiaPro S.A. with its registered office in Wroclaw (EnergiaPro) with a par value of PLN 0.01 (say: PLN zero and one grosz) each, which represents 13.75% of all registered EnergiaPro shares, with fair value of PLN 350,857,317.38 (say: PLN three hundred fifty million eight hundred fifty seven thousand three hundred seventeen and thirty eight grosz), i.e. PLN 0.31 (say: PLN zero and thirty one grosz) per one share,
- in return the State Treasury shall receive 33,607,022 (say: thirty three million six hundred seven thousand twenty two) series BB shares of the Company.

The above-mentioned transaction is a part of reorganization of the TAURON Group’s structure and it results in increase of TAURON Polska energia S.A. shareholdings in the share capital of four subsidiaries (PKE, ESW, Enion, EnergiaPro). The process will be completed as soon as the increase in the share capital of TAURON Polska Energia S.A. is registered.

Article 56 section 1 item 1 of the Act on Public Offering – price-sensitive information
 

 Latest reports

 
Unable to display this Web Part. To troubleshoot the problem, open this Web page in a Microsoft SharePoint Foundation-compatible HTML editor such as Microsoft SharePoint Designer. If the problem persists, contact your Web server administrator.


Correlation ID:ce763885-e2f2-42ba-84c8-bfd4c7357973