Current report No. 22/2016 dated 14 October 2016
Conversion of registered privileged shares of Wirtualna Polska Holding S.A. into ordinary bearer shares
Legal Basis: Art. 56 sec. 1 point 2 letter a of the Act of 29 July 2005 on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organised Trading, and Public Companies.
Contents of the report:
The Management Board of Wirtualna Polska Holding SA (The "Company") announces that acting pursuant to Art. 334 §2 of the Commercial Companies Code and § 5 paragraph 6 of the Articles of Association of the Company - at the request of a shareholder European Media Holding S.à.rl with its registered office in Luxembourg - made on 14 October 2016 the conversion of 1,100,000 (in words: one million one hundred thousand) registered shares of series A with their nominal value of 0.5 zloty (five groszy) each, privileged as to the voting rights at the General Meeting in such a way that one preferred share gives right to 2 (two) votes at the General Meeting, into ordinary bearer shares.
Change of above mentioned securities was made pursuant to the resolution of the Board dated 14 October 2016 by the following content:
"The Management Board of the Wirtualna Polska Holding S.A. with its registered office in Warsaw, having regard to the request of the shareholder European Media Holding S.à. r.l.; decides to convert 1,100,000 of registered privileged shares of series A of Wirtualna Polska Holding S.A. numbered from A-11289710 to A-12389709 belonging to the European Media Holding S.à r.l. into ordinary bearer shares. "
The share capital which amounts to 1,432,043.00 zloty will not change after the conversion of shares. The total number of votes at the General Meeting of Shareholders will change as follows:
• before the convertion of shares the total number of shares has entitled to submit 41 030 569 votes, due to the fact of privilege of registered shares to voting rights at the General Meeting of Shareholders,
• After the conversion the total number of shares entitles to submit 39 930 569 votes, due to the loss of privilege of shares being converted.
At the same time, The Management Board, in accordance with the above mentioned request of the shareholder, intends to take action in order to dematerialization and registration of 1,100,000 ordinary bearer shares series A by the National Depository for Securities S.A. (Krajowy Depozyt Papierów Wartościowych S.A.) and admission these to trading on the regulated market operated by the Warsaw Stock Exchange in Warsaw SA (Giełda Papierów Wartościowych S.A.).
Legal Basis: Art. 56 sec. 1 point 2 and the Act of 29 July 2005 on Public Offering, the Conditions Governing the Introduction of Financial Instruments to Organized Trading, and Public Companies in connection with § 5. 1 Section 10 of the Ordinance of the Minister of Finance dated 19 February 2009 on current and periodic information published by issuers of securities and conditions for recognizing as equivalent information required by laws of a non-member state.
Signatures of the individuals representing the Company:
Jacek Świderski – President of the Management Board/Chief Executive Officer
Elżbieta Bujniewicz – Belka – Member of the Management Board/Chief Financial Officer