Notification about a change in the percentage in the total number of votes at the General Meeting of The Company as a result of the Tender Offer for shares

The Management Board of Orzeł Biały S.A. (hereinafter referred to as The Company) gives hereby notice that on 17.12.2019 it received a notification from ZAP Sznajder Batterien S.A. (hereinafter: The Shareholder) with its registered office in Piastów informing that on 16.12.2019 it purchased 206,184 shares of Orzeł Biały SA, representing 1.24% of the share capital and representing 206,184 of the votes constituting 1.24% of the total number of votes at the General Meeting of The Company. The purchase took place as a result of a public Tender Offer for shares of Orzeł Biały S.A. announced on October 21, 2019.

 

Prior to the acquisition of shares, The Shareholder held directly 2,054,884 shares of The Company representing 12.34% of the share capital of The Company and entitling to exercise 2,054,884 votes at the General Meeting of The Company constituting 12.34% of the total number of votes of The Company andheld indirectly, through NEF Battery Holdings S.à.r.l. (being a direct subsidiary of ZAP Sznajder Batterien S.A.), 10,082,388 shares of The Company representing 60.55% of the share capital of The Company and entitling to exercise 10,082,388 votes at the General Meeting of The Company constituting 60.55% of the total number of votes of The Company.

The Shareholder currently holds a total of 12,343,456 shares of The Company representing 74.13% of the share capital of The Company and entitling to exercise 12,343,456 votes at the General Meeting of The Company constituting 74.13% of the total number of votes of The Company.

 
At the same time, The Company’s Management Board gives notice that on the same day it received a notification from Mr Lech Sznajder (hereinafter: The Notifying Party) wherein he informed about the change in his share in the total number of votes in The Company. This change occurred in connection with the acquisition on 16.12.2019 by ZAP Sznajder Batterien S.A. of 206,184 shares of the Company Orzeł Biały S.A., representing 1.24% of the share capital and representing 206,184 votes constituting 1.24% of the total number of votes at the General Meeting of The Company. The purchase took place as a result of a public call for shares of Orzeł Biały S.A. announced on October 21, 2019 by ZAP Sznajder Batterien S.A.

 
Before the transaction, The Notifying Party indirectly held 12,137,272 shares of The Company representing 72.89% of the share capital of The Company and entitling to exercise 12,137,272 votes at the General Meeting of The Company constituting 72.89% of the total number of votes of The Company including 10,082,388 shares of The Company held indirectly through NEF Battery Holdings S.à.r.l. (being a direct subsidiary of ZAP Sznajder Batterien S.A.) representing 60.55% of the share capital of The Company and entitling to exercise 10,082,388 votes at the General Meeting of The Company constituting 60.55% of the total number of votes of The Company.

The Notifying Party currently holds indirectly a total of 12,343,456 shares of The Company representing 74.13% of the share capital of The Company and entitling to exercise 12,343,456 votes at the General Meeting of The Company constituting 74.13% of the total number of votes of The Company.

 
The full contents of the said Notifications are submitted by The Issuer attached.

 
Art. 70 Cl. 1 of the Public Offering Act – acquisition or disposal of a significant block of shares.

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