2021

Find report

10/2021

Current report No. 10/2021
Date: 2021-02-24
Time: 6:59 pm
Subject: Cancellation of existing documents of the Company's bearer shares of series A and series B
Legal basis: Art. 17 sec. 1 of MAR - confidential information

The Management Board of POLNORD SA with its registered office in Warsaw ("Company") advises that it received from a shareholder Cordia International Ingatlanfejlesztő Zártkörűen Működő Részvénytársaság, with its registered office in Budapest ("Shareholder") a request for adopting by the Company's Management Board, a resolution concerning:
1) cancellation of existing documents of the Company's A- and B-series bearer shares comprising:
- 290 (two hundred and ninety) A-series shares; and
- 4,110 (four thousand one hundred and ten) B-series shares;
as well as
2) the issuance to the Shareholder new collective share certificates to replace the invalidated share documents.

Furthermore, the Shareholder advised that on 18 February 2021, the squeeze out procedure concerning the Company's shares was launched. The Company’s minority shareholders holding non-dematerialized A- and B-series shares were required to deposit the Company's share documents with the agent's business unit handling the squueze out procedure by 23 February 2021. Due to the failure to submit the share documents within the prescribed timeframe and place specified above, the Shareholder submitted the above-mentioned motion pursuant to § 8, par. 2 of the Ordinance of the Minister of Finance of 14 November 2005 on the acquisition of shares of a public company by way of a squeeze-out procedure ("Ordinance").

At the same time, the Shareholder submitted to the Company a proof of depositing funds representing payment of the purchase price for the aforementioned shares on the cash account of the entity acting as an intermediary during the squeeze-out procedure, i.e. Powszechna Kasa Oszczędności Bank Polski S.A., Branch Office – Brokerage House in Warsaw.
Given the above, the Company's Management Board today, acting pursuant to § 8, par. 2 of the Ordinance and the correspondingly applicable Art. 358 of the Commercial Companies Code, adopted a resolution to cancel all existing documents of the Company's A- and B-series bearer shares, comprising:
- 290 (two hundred and ninety) A-series shares; and
- 4,110 (four thousand one hundred and ten) B-series shares;
The Company issued new collective share slips to replace the cancelled share documents, and having regard to the provision of Art. 16, par. 3 of the Act amending the Commercial Companies Code and certain other acts of 30 August 2019 (Journal of Laws of 2019, item 1798) retained the new share documents and issued a written receipt to the Shareholder who deposited the share documents, referred to hereinabove, in connection with the dematerialization process.

Legal basis: Art. 17 (1) of the Regulation of the European Parliament and of the Council (EU) No. 596/2014 of 16 April 2014 on market manipulation, and repealing Directive 2003/6/WE, 2003/124/WE, 2003/125/WE and 2004/72/WE.

SIGNATURES OF THE COMPANY’S REPRESENTATIVES
2021-02-24 Michał Melaniuk - President of the Management Board
2021-02-24 Péter Bódis - Member of the Management Board
2021-02-24 Marcin Gomoła - Member of the Management Board

  • POLNORD SA (joint stock company)
  • 02-972 Warszawa, ul. Adama Branickiego 15
  • KRS (number of entry into the National Court Register): 0000041271
  • NIP (Tax Identification Number): 583-000-67-67
  • REGON (statistical number): 000742457
  • Registered share capital of:
  • PLN 195,086,254 (paid in full)
  • Newsletter
  • Information on significant events in the Company and the financial and operational results straight to your e-mail.

© 2016 Polnord All rights reserved