Trakcja PRKiI S.A. to Carry Out Share Consolidation

The Extraordinary General Meeting of the Company on 16 October 2014 resolved on the consolidation of shares of Trakcja PRKiI S.A. according to the following rules:

1. All existing ordinary bearer shares of the previous series A, C, D, E, F, G and H shall be designated as new series A.
2. The nominal value of each share of the Company is increased from PLN 0.10 to PLN 0.80.
3. The consolidation of the Company’s shares is carried out by proportionally reducing the total number of the Company’s shares from 411,196,384 to 51,399,548 by combining every eight shares with the previous nominal value of PLN 0.10 each into one share of the Company with a new nominal value of PLN 0.80.
4. The consolidation of shares is carried out while maintaining the unchanged amount of the share capital of PLN 41,119,638.40

The Extraordinary General Meeting of the Company authorised the Management Board of the Company to take all possible actions in accordance with applicable laws and also resolved that any consolidation shortfalls would be made up at the expense of share rights held by the selected brokerage house. The Extraordinary General Meeting of the Company obliged the Company’s shareholders to check the status of their holdings of the Company’s shares in securities accounts and omnibus accounts and to adjust the balances of shares recorded therein in order to minimise the risk of the consolidation of the Company’s shares not coming into effect due to the actual impossibility of implementing this resolution.

The Extraordinary General Meeting of the Company authorised the Management Board of the Company to carry out all necessary factual and legal actions related to the registration of the changed nominal value of the Company’s shares and their number with the National Depository for Securities (Krajowy Depozyt Papierów Wartościowych S.A.). It also authorised the Management Board of the Company to apply to the Warsaw Stock Exchange (Giełda Papierów Wartościowych w Warszawie S.A.) for the suspension of trading in the Company’s shares in order to carry out the consolidation (combination) of the Company’s shares within the period previously agreed with the National Depository for Securities in Warsaw (Krajowy Depozyt Papierów Wartościowych w Warszawie S.A.).

Detailed information can be found in current report No. 26/2014 published in the investor relations section of the Company’s website www.grupatrakcja.com.

Informacje dla mediów

Robert Kuczyński
dyrektor ds. komunikacji
r.kuczynski@grupatrakcja.com