Current Report No.: 56/2009
Date:
10.02.2009
Disposal of the last block of the Issuer’s own shares
The Management Board of Energomontaż-Południe S.A. (Issuer, Company) hereby announces that, by exercising the authorisation granted under resolution no. 8 of the Extraordinary General Meeting of Shareholders of 22nd September 2009 concerning abandonment of the intention to redeem as well as the approval of the Management Board's disposal of the Company's shares (as per current report no. 52/2009), the Company disposed of the remaining 200,000 own shares under further two block transactions. The transactions were cleared on 2nd October 2009. The disposal was performed under two identical non-session block transactions for the volumes of 100,000 pieces and at the unit sale price of PLN 4.50.
The nominal value of a single share is PLN 1,00 and the total nominal value of the shares disposed of is PLN 200,000.00.
The block of shares sold constituted 0.41% of the initial capital and authorised 200,000 votes at the General Meeting of the Issuer's Shareholders corresponding to 0.41% of the overall votes in the partnership.
The block transactions were concluded via a broker's house with which the Issuer had signed an agreement for management of the process of the Company's own shares purchasing. The purchaser of the blocks of shares is a natural person. The funds obtained from the transactions will improve the Company's financial liquidity.
The fact of having disposed of the first block of own was announced by the Issuer in current report no. 55/2009 of 29th September 2009. Having concluded the aforementioned transactions, the Issuer is no longer in possession of own shares and thus the obligation provided in the aforementioned resolution of the Extraordinary General Meeting of the Company Shareholders has been fulfilled.
Legal grounds: § 5, section 1, point 6 of the Decree of the Minister of Finance of 19th February 2009 concerning current and periodic information to be submitted by issuers of securities and the conditions of regarding the information equivalent as required by the applicable laws of a state not being the European Union member state.
SIGNATURES OF THE PERSONS REPRESENTING THE COMPANY
| Andrzej Hołda | President of the Management Board |
| Alina Sowa | Vice-President of the Management Board |
Legal grounds: Article 56, section 1, point 2 of the Act on the Offer – current and periodical information
Attachment:
| Current Report No. 56/2009 |  0,04 MB |
