11.20.2009
Approval of the proposals for taking over Series E shares
On November 20th, 2009 PBG SA and the President of the Management Board of Energomontaż-Południe SA, Mr. Andrzej Hołda declared approval of the proposal for taking over 22,582,001 Series E shares in the Company.
The declarations on approval of the proposal for taking over the shares were submitted under the entitlements vested to the said investors in virtue of the Series A subscription warrants they were in possession of. PBG SA approved the proposal for taking over 17,743,002 shares, and Mr. Andrzej Hołda approved the proposal for taking over further 4,838,999 Series E shares.
The shares are being issued under private placement according to Resolution No. 2 of the Extraordinary General Meeting of the Company dated September 22nd, 2009 at the unit issue price of PLN 3.45 each. Payment for the shares shall take place within 75 days from the proposals' approval.
