Current Report No. 79/2009
2009.07.03 10:41
Disposal of Shares by the State Treasury
Current Report No. 79/2009 dated on July 3rd, 2009
The Management Board of Polskie Górnictwo Naftowe i Gazownictwo S.A. (”PGNiG”, “the Company”) hereby reports that today it has been notified that in respect of the implementation program under which PGNiG employees are granted Company shares and pursuant to the Act of Commercialisation and Privatisation, dated August 30th 1996, on July 1st 2009 the State Treasury’s share in the total vote at the Company’s General Shareholders Meeting and in the Company’s share capital was reduced.
On July 1st 2009, eligible employees of PGNiG acquired 63,808,658 Company shares as part of the program under which PGNiG employees are granted Company shares. As a result, the State Treasury’s share in the total vote changed by over 1%.
Prior to the change, the State Treasury held 4,459,891,067 shares in PGNiG, representing 75.59% of the total vote at the Company and the same percentage of its share capital. Following the acquisition, the State Treasury’s holding was reduced to 4,396,082,409 shares, representing 74.51% of the total vote at the Company and the same percentage of its share capital.
Further reports will be released as new agreements providing for acquisition of Company shares free of charge are performed.
