30/2014 - Designation of a reference date and application for a stock trading halt due to merging of the Company's shares

In reference to current report No 26/2014 of 16 October 2014, the Board of Directors of Trakcja PRKiI S.A. (“the Company”) with its registration office in Warsaw informs that, following the provisions of resolution No. 3 of the Company’s Extraordinary General Meeting held on 16 October 2014 on consolidation of the Company’s shares (“Merger”) and authorization of the Board of Directors to undertake steps in that connection, it has issued a decision today that 5 December 2014 shall be the reference date for the Merger. The reference date is the day to determine the number of shares with the nominal value of 0.10 zlotys (ten groszy cents) each, recorded in security accounts and omnibus accounts, in order to calculate the number of the Company’s shares with the nominal value of 0,80 zlotys (eighty groszy) each, which as a result of the Merger with the nominal value of 0.10 zlotys (ten groszy) each shall be recorded in their place on those accounts.

In the light of the above, the Company has applied for the following today:

a)     a request to the Warsaw Stock Exchange for a stock trading halt from 1 December 2014 to 12 December 2014 (inclusive) and the resumption of trading after the Merger is completed on December 15, 2014, and;

b)     a request to the National Depository for Securities to carry out the Merger.

Legal basis:

Article 65 paragraph 1 item 1 of the Act of 29 July 2005 for Public Offering, Conditions Governing the Introduction of Financial Instruments to Organized Trading, and Public Companies (consolidated text: Journal of Laws of 2013, item 1382)