On June 12, 2006, 12,989,202 ordinary bearer shares of EUROFILMS S.A. and 4,026,653 rights to series D ordinary bearer shares of EUROFILMS S.A. were introduced to stock-exchange listing in normal course on the main market of the Warsaw Stock Exchange.
The first listing of shares and rights to shares took place at the session of June 12, 2006.
First listing of series D shares
The day of July 24, 2006 was set out as the final day of the listing of 4,026,653 rights to series D ordinary bearer shares of EUROFILMS S.A.
On July 25, 2006 4,026,653 to series D ordinary bearer shares of EUROFILMS S.A. were introduced to stock-exchange listing in normal course on the main market of the Warsaw Stock Exchange.
Allocation of F series shares – performance of the Management Option Scheme
100,00 series F ordinary bearer shares of EUROFILMS S.A., of par value of PLN 0.60 and issue price of PLN 4 each, were allocated on June 1, 2007, under individual subscription, opened on May 31, 2007, and closed on June 1, 2007, under the Management Option Scheme.
The offer was aimed at individuals entitled to participate in the Management Option Scheme: Mr. Grzegorz Kędzierski and Mr. Andrzej Mielczarek.
Merger Issue – E series shares
31,282,683 ordinary bearer shares were issued in accordance with resolution no. 16 of the General Shareholders Meeting of Eurofilms S.A. of May 31, 2007, in relation to the execution of the merger of Eurofilms S.A. and ERGIS S.A. The merger was effected pursuant to Art. 492.1.1 of the Commercial Companies Code by means of transferring the entirety of assets of ERGIS S.A. to Eurofilms S.A. in return for E Series Shares, which were distributed by Eurofilms S.A. to the shareholders of ERGIS S.A.
An Information Memorandum was drafted in relation to the application for admission of E series shares to trading on the main market of the Warsaw Stock Exchange.
The shares were introduced to stock-exchange listing in normal course on the main market on September 27, 2007.
Redemption of treasury shares
On the grounds of resolution no. 4 of the Extraordinary General Shareholders Meeting, adopted during the Meeting of July 24, 2007 in Warsaw, 8,962,549 ordinary bearer shares of par value of PLN 0.60 each were redeemed.
It was the Company’s opinion that it was not beneficial to the Company to hold such a large number of treasury shares. Redemption of the treasury shares resulted in the number of votes held by the shareholders at the General Shareholders Meeting of the Company being in proportion to the share of the shareholders in the Company’s share capital, as the treasury shares conferred no right to vote. The redemption was voluntary.
In order to avoid any doubts and to present the Issuer’s full position on the matter, ERGIS S.A. hereby informs and explains that all and any documents, reports, financial information, data presentation and other materials are posted in Polish as well as in English versions, and the Issuer, always acting in good faith, assures that it makes every effort to have the ordered and published translations absolutely coherent with the original (Polish) version of the documents.
However, should there be any discrepancy or incoherence between the Polish version of the document and its English translation, ERGIS S.A. explains that the leading and the correct wording and version is the text prepared and disclosed in Polish.