68/2012 - The proposed amendments to the Articles of Association of the Company

The Management Board of Trakcja-Tiltra Spółka Akcyjna with its registered office in Warsaw (hereinafter referred to as: the "Company"), in connection with the current report no 67/2012 of 16 November 2012, and the planned amendment to the Articles of Association of the Company, announces the applicable provisions and the proposed amendments to the Articles of Association.  The proposed amendments to the Articles shall be as follows:

 

1. amendment to Article 1 of the Articles of Association of the Company, the current wording of reads as follows:

 

“Article 1
The Company’s business name shall be: Trakcja - Tiltra Spółka Akcyjna. The Company may use the following abbreviated business name: Trakcja- Tiltra S.A. The Company shall be entitled to use a distinguishing graphic sign.

 

              the wording of Article 1 of the Articles of Association of the Company after the proposed amendment shall read as follows:

 

“Article 1
The Company’s business name shall be: Trakcja Spółka Akcyjna. The Company may use the following abbreviated business name: Trakcja S.A. The Company shall be entitled to use a distinguishing graphic sign.”

 

2. adding to the content of Article 21a of the Articles of Association, which the proposed wording shall read as follows:

 

“Article 21a
1. The conditional Share Capital of the Company shall amount to no more than PLN 20,000,000 (twenty million) and shall be divided into no more than:
1. PLN 200,000,000 (two hundred million) of the ordinary bearer shares with a nominal value PLN 0.10 (zero pint ten) per share;
2. The purpose of the conditional share capital increase, referred to in Article 21a Paragraph 1 a) is to grant rights to subscribe for H shares to the holders of bonds convertible into shares issued by the Company pursuant to the Resolution No. [  ] of the Extraordinary General Meeting of Shareholders of 12 December 2012.
3. The holders of convertible bonds issued by the Company pursuant to the Resolution No. [  ] of the Extraordinary General Meeting of Shareholders of 12 December 2012 shall be entitled to subscribe for Series H shares according to the principles laid down in the conditions of the bond issue, while the maturity of redemption of any of the series of bonds may not fall after 31 December 2017.

Legal basis:
§ 38 paragraph 1, point 2 of the Regulation of the Minister of Finance dated 19 February 2009 on the current and periodic disclosures to be made by issuers of securities and conditions for recognition as equivalent of information whose disclosure is required under the laws of a non-member state.

 

 

 

 

 

 

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