The Management Board of Orzeł Biały S.A. announces that on 21.10.2016 it received a notification from one of the shareholders, i.e. from Nationale Nederlanden OFE SA, about the sale of shares of the Issuer as follows:
“Acting in accordance with Art. 69 of the Public Offering and Conditions Governing the Introduction of Financial Instruments to an Organised Trading System and the Public Companies Act of 29 July 2005 (Journal of Laws Dz.U. of 2009 No 185, Item 1439, as amended) we hereby announce that as a result of the disposal of shares of Orzeł Biały SA (“The Company”) in transactions at the Warsaw Stock Exchange, settled on 17 October 2016, Nationale-Nederlanden Open Pension Fund (hereinafter “The Fund”) decreased its ownership of The Company’s shares below 5% of the voting rights at the General Shareholders Meeting.
Before the shares disposal, i.e. on 14 October 2016, The Fund held 834,498 (say: eight hundred thirty four thousand four hundred ninety and eight) shares of the Company representing 5.01% of The Company’s equity and was entitled to 834,498 (say: eight hundred thirty four thousand four hundred ninety eight) votes at the General Shareholders Meeting, which accounted for 5.01% of the total number of votes.
On October 17, 2016 the securities account of the Fund carried 828,315 (say: eight hundred twenty eight thousand three hundred fifteen) shares of the Company representing 4.97% of The Company’s equity. These shares give the title to 828,315 (say: eight hundred twenty eight thousand three hundred fifteen) votes at the General Shareholders Meeting of the Company, representing 4.97% of the total number of votes.”
Legal Basis: Art. 70 Cl. 1 of the Public Offering Act – acquisition or disposal of a significant block of shares.