25/2009 - Information on reaching 100% of the shares of a subsidiary
The Management Board of Trakcja Polska S.A. (the "Company") hereby announces that on 22 May 2009, the Management Board of Przedsiębiorstwo Robót Komunikacyjnych – 7 S.A. (“PRK – 7”), the Company’s subsidiary, pursuant to resolution no.1 on the cancellation of share documents and the issuance of a new collective share certificate (“Resolution”), in accordance with Article 418 § 2a, in conjunction with Article 358 of the Code of Commercial Companies, has decided to cancel the share documents of the minority shareholders with the numbers specified in the Resolution and to issue a new collective share certificate, with the same issue numbers as the cancelled shares, to the Company, as well as transfer the shares purchased from the minority shareholders, with the numbers specified in the Resolution, to the Company. In accordance with the Resolution and the actual acquisition of the shares, the Company has become the owner of 5841 shares in PRK – 7 for a total price of PLN 208,290.06 (two hundred and eight thousand, two hundred and ninety zlotys and six groszy).
The Company has become the owner of 100% of the shares of Przedsiębiorstwo Robót Komunikacyjnych – 7 S.A., with its registered office in Warsaw, ul. Trojańska 7, which is entered into the register of entrepreneurs held by the District Court for the Capital City of Warsaw in Warsaw, 12th Commercial Division of the National Court Register under the number 0000004851, as a result of the said event, as well as the earlier transaction of the purchase of the shares in PRK – 7. The shares have a nominal value of PLN 2.13 per share, namely a total nominal value of PLN 1,266,657.75.
The purchase was made with the Company’s internal funding. The investment is of a long-term nature.
PRK-7’s core activities include transport infrastructure construction and general construction of residential, public service and industrial structures.
The wording of the Resolution is attached to this report.
Legal grounds:Article 56(1)(1) of the Act on the public offering and the conditions for introducing financial instruments into an organised trading system and on listed companies.
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