89/2012: Loss of controlling interest in HYDROBUDOWA POLSKA S.A. in company voluntary arrangement
The Management Board of PBG S.A. in company voluntary arrangement hereby reports that on August 10th 2012 it became aware of a loss by PBG S.A. of its controlling interest in HYDROBUDOWA POLSKA S.A. in company voluntary arrangement (“HBP”).
PBG’s percentage share in the total vote at the general meeting of HBP decreased following a sale by Polski Bank Przedsiębiorczości S.A. of Warsaw (“PBP”) of a total of 32,329,867 HBP shares, previously held by PBG, representing 15.35% of HBP’s share capital and conferring the right to 15.35 % of the total vote at its general meeting.
The HBP shares were covered by financial and registered pledges under the agreement of June 29th 2011 creating registered and financial pledges over shares in HBP, entered into by PBG and PBP (“the Pledge Agreement”) as security for Facility Agreement No. K 2/2011 of January 24th 2011.
Following the sale of the HBP shares by PBP, PBG still holds 100,418,825 shares in HBP,
carrying a total of 100,418,825 votes, representing 47.69% of the total vote at the company and the same percentage of its share capital. However, PBP is authorised to place brokerage orders to sell another 18,116,562 shares out of the total number of HBP shares still remaining in PBG’s possession.
Legal basis:
Art. 56.1.1 of the Public Offering Act – inside information
Pliki:
Full version of report (.pdf - 49,51 kB)