Shares and shareholders

Shareholders’ Equity: PLN 900.000,00

Total number of shares: 9.000.000

Overall number of votes: 9.000.000

Share Capital Structure

500.000 A series of ordinary bearer shares,
1.800.000 B series of ordinary bearer shares,
6.700.000 C series of ordinary bearer shares.

Shareholders holding at least 5% of the total number of votes at General Shareholder Meeting of the Company (as at /of 17.01.2024)

ShareholderNumber of sharesPercentage (%) share in the the share capital
Paweł Bala2 578 26428,65%
Adam Chełchowski593 6966,60%
Others, below 5%5 828 04058,28%
TOTAL:9 000 000100%

Shares amount of the Company which is hold by managers and supervisors. (as at/of 17.01.2024)

ShareholderNumber of sharesPercentage (%) share in the the share capital
Paweł Bala – President of the Management Board2 578 26428,65%

HISTORY OF SHARE OPERATIONS

First listing

  • August 9, 2002 2.300.000 series A and B ordinary bearer shares on the common market of Centralna Tabela Ofert S.A.
  • August 20, 2004 2.300.000 series A and B ordinary bearer shares at the parallel market of Warsaw Stock Exchange
  • February 15, 2007 24.040.000 series A, B, C, D and E ordinary bearer shares after change from the parallel market to the basic market of the Warsaw Stock Exchange

Pre-emptive rights

  • May 31, 2002 date of determining right of pre-emption to series B shares
  • February 27, 2006 date of determining right of pre-emption to series C shares
  • October 27, 2006 date of determining right of pre-emption to series E shares

Subsequent share issues

  • April 24, 2006 increase of share capital from PLN 2.300.000,00 to PLN 11.500.000,00 as a result of registration by the court of 9.200.000 of series C ordinary bearer shares
  • June 30, 2006 increase of share capital from PLN 11.500.000,00 to PLN 12.020.000,00 as a result of registration by the court of 520.000 of series D ordinary bearer shares – issue within the scope of target capital by means of private subscription
  • December 20, 2006 increase of share capital from PLN 12.020.000,00 to PLN 24.040.000,00 as a result of registration by the court of 12.020.000 of series E ordinary bearer shares
  • October 29, 2009 increase of share capital from PLN 24.040.000.00 to PLN 24.440.000.00 as a result of registration by the court of 400.000 series F ordinary bearer shares – issue within the scope of conditional capital increase

Subsequent introductions to turnover

  • April 5, 2006 9.200.000 rights to series C ordinary bearer shares
  • May 15, 2006 9.200.000 series C ordinary bearer shares
  • October 24, 2006 520.000 series D ordinary bearer shares
  • November 29, 2006 12.020.000 rights to series E ordinary bearer shares
  • January 8, 2007 12.020.000 series E ordinary bearer shares
  • September 2, 2009 400.000 series F ordinary bearer share

Allocation of shares (Split)

The Company did not allocate shares.

Exchange of shares due to a change in the nominal value of one share

Pursuant to Resolution No. 7 of the OGM of August 12, 2020 on the coverage (compensation) of the loss and reduction of the share capital by way of an amendment to the Articles of Association by reducing the nominal value of shares in order to compensate for the loses incurred, the share capital of the Company was reduced from 17.000.000,00 PLN to the amount of PLN 1.700.000,00 by reducing the nominal value of each share from PLN 1,00 to PLN 0,10. The relevant amendment to the Company’s Articles of Association was registered on August 26, 2020 by the District Court for the Capital City of Warsaw in Warsaw, 12th Department of the National Court Register.

Dividend

From the beginning of its operation until today the Company has not paid and did not declare disbursement of dividend.

Tender

The Company did not announce any tender for shares.

Compulsory buyout

The Company did not participate and was not a party to compulsory buyout.

Purchase of own shares

  • May 25, 2016 1.440.000 own shares for PLN 6,90 each
  • July 12, 2017 1.500.000 own shares for PLN 6,63 each
  • May 18, 2018 4.500.000 own shares for PLN 10,45 each
  • July 2, 2021 3.343.705 own shares for PLN 2,01 each
  • July 28, 2022 3.656.295 own shares for PLN 6,66 each
  • December 18, 2023 1.000.000 own shares for PLN 4,30 each

Redemption of shares

  • August 1, 2016 in total 1.440.000 shares, including: i) 1.040.000 shares series E and ii) 400.000 shares series F
  • December 18, 2017 a total of 1.500.000 series E shares
  • August 14, 2018 a total of 4.500.000 series E shares
  • September 9, 2021 a total of 3.343.705 series E shares
  • September 13, 2022 in total 3.656.295 shares, including: i) 1.500.000 shares series C, ii) 520.000 shares serie D and iii) 1.636.295 shares serie E
  • January 17, 2024 a total of 1.000.000 series C shares

SHARE OFFERS

Series A ordinary bearer shares

Manner of issue: Within the scope of company establishment
Legal basis of issue: Resolution of the statutory meeting of April 12, 2002
Date of approval of Issue Prospectus: No requirement for approval of the Issue Prospectus by the Securities and Exchange Commission
Offer deadlines: –
Issue price: PLN 1.00
Number of shares encompassed by the offer: 500,000

Series B ordinary bearer shares

Manner of issue: Public offer within the scope of the pre-emptive right vested in the Shareholders and application for the marketing on the unofficial market of Centralna Tabela Ofert S.A.
Legal basis of issue: Resolution No. 2 of the Extraordinary Shareholders’ Meeting of April 30, 2002 and Resolution No. 1 of the Company’s Management Board of May 13, 2002
Date of approval of Issue Prospectus: No requirement for approval of the Issue Prospectus by the Securities and Exchange Commission
Offer deadlines: 10.06.2002 – commencement of subscription
14.06.2002 – end of subscription
17.06.2002 – allocation of shares
Issue price: PLN 1.00
Number of shares encompassed by the offer: 1,800,000

Series C ordinary bearer shares

Manner of issue: Within the scope of the pre-emptive right vested in the Shareholders
Legal basis of issue: Resolution No. 4 of the Extraordinary Shareholders’ Meeting of January 26, 2006
Date of approval of Issue Prospectus: 02.03.2006
Offer deadlines: 13.03.2006 – commencement of subscription
17.03.2006 – end of subscription
29.03.2006 – allocation of shares
Issue price: PLN 1.00
Number of shares encompassed by the offer: 9,200,000

Series D ordinary bearer shares

Manner of issue: Within the scope of target capital by means of private subscription
Legal basis of issue: Resolution No. 1 of the Management Board of June 22, 2006
Date of approval of Issue Prospectus: No requirement for preparation of Issue Prospectus
Offer deadlines: 22.06.2006 – offer acceptance deadline
Issue price: PLN 14.50
Number of shares encompassed by the offer: 520,000

Series E ordinary bearer shares

Manner of issue: Within the scope of exercise of the pre-emptive right vested in the Shareholders
Legal basis of issue: Resolutions No. 5 and 6 of the Extraordinary Shareholders’ Meeting of October 6, 2006
Date of approval of Issue Prospectus 30.10.2006r.
Offer deadlines: 06.11.2006 – commencement of subscription
13.11.2006 – completion of subscription
22.11.2006 – allocation of shares
Issue price: PLN 1.00
Number of shares encompassed by the offer: 12,020,000

Series F ordinary bearer shares

Manner of issue: Within the scope of implementation of the 1st tranche of incentive programme
Legal basis of issue: Resolution No. 20 and 21 of the Ordinary Shareholders’ Meeting of June 19, 2007 and Resolution No. 6/VI/2009 of the Supervisory Board of June 30, 2009
Date of approval of Issue Prospectus: No requirement for preparation of Issue Prospectus
Offer deadlines: 27.07.2009 – maximum date for taking up subscription variants
Issue price: PLN 1.00
Number of shares encompassed by the offer: 400,000