23/2013 - Conversion of D series bonds into H series shares and registration of H series shares in the National Depository for Securities (Krajowy Depozyt Papierów Wartościowych S.A.)

With reference to current reports no 8/2013 of 1 February 2013, no 13/2013 of 19 February 2013 and no 22/2013 of 15 March 2013, the Management Board of Trakcja S.A. ("Company") hereby informs that on 19 March 2013, based on resolution no 181/13 of 7 March 2013 of the National Depository for Securities ("KDPW"), 66 D series bonds, issued on 31 January 2013, were converted into 60,000,000 H series shares of the Company, being ordinary bearer shares of nominal value of PLN 0.10 each, pursuant to resolution no 4 of the Company's  General Meeting of 12 December 2012 and resolution no 2 of the Management Board of the Company of 12 January 2013, marked with code PLTRKPL00071 ("Bonds"). The H series shares are issued within the framework of the conditional increase of the share capital based on resolution no 5 of the Extraordinary General Meeting of the Company of 12 December 2012, marked with code PLTRKPL00014 ("Shares").

The conversion of the Bonds into Shares took place by means of registering  the Shares on 19 March 2013 on a special recording account maintained by KDPW (and on a relevant securities account of the Bond holder), while de-registering the Bonds therefrom. Due to the conversion of all the remaining Bonds, KDPW decided to close on that day the deposits accounts that were kept for D series bonds marked with code PLTRKPL00071.

After conversion of the Bonds into Shares, the amount of the Company's share capital is PLN 41,119,638.40 and is divided into 411,196,384 shares entitling to the same number of votes at the general meeting of the Company. The Shares after change in the share capital of the Company and at the general meeting of the Company constitute 14,59 per cent. 

The Management Board of the Company shall provide for the registration as mentioned in Article 452 § 2 and § 3 of the Act of 15 September 2000 - the Code of Commercial Partnerships and Companies ("Code") in order to update share capital within the deadline as stipulated in Article 452 § 4 of the Code.

Legal basis: Article 56 sec. 1 point 2 of the Act of 29 July 2005 on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organised Trading and Public Companies, §5 sec. 1 point 10 and §34 sec. 1 point 1 of the Ordinance of the Minister of Finance dated 19 February 2009 in respect of current and periodical disclosures delivered by issuers of securities and the conditions for recognition as equivalent the information required by the laws of a non-member state.