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Completion of part of series G ordinary bearer shares subscription
Report number: RB 12/2011 Report created: 2011-06-01
In connection with the implementation of incentive program (in the years 2009 - 2011) for managers, supervisors and key employees of Alma Market S.A. ("the Company"), consisting in offering free subscription warrants entitling to assumption of series G shares of the Company by participants of the program, which is directly related to the economic results of the capital group and the increase of the average price of the Company's shares within the period of 3 years (2009-2011), an issuance of 132 000 from 200 000 issuable (according to incentive program rules) series A subscription warrants ("Warrants"), which can be exchanged into series G ordinary bearer shares of the Company, has been conducted.
The function of deposits trustee is acted by Trigon Dom Maklerski S.A., which took over all the Warrants issued by the Company, that entitles to assumption of series G shares of the Company with nominal value of PLN 1,00 (one zloty) at an issue price fixed at PLN 19,00 (nineteen zlotys) by Resolution No. 20/06/2009 of AGM adopted on June 19, 2009.
Due to the fulfillment of the market condition of incentive program consisting of the shares price rises in the year 2010, Trigon Dom Maklerski S.A. as deposits trustee offered 132 000 Warrants to the entitled persons, that participates in incentive program. Entitled participants of incentive program acquired Warrants and possessing the right to subscription and acquisition of series G ordinary bearer shares of the Company, has executed this right during the period from March 10, 2011 to March 17, 2011 in accordance with the terms of issuance of series G shares of the Company
Therefore, the Board of Alma Market S.A. announces that the part of subscription associated with the introduction of 132 000 series G ordinary bearer shares of the Company to trading on official stock exchange listing has been completed.
Regarding to paragraph 33.1 of the Regulation of the Minister of Finance of February 19, 2009, regarding current and periodic information submitted by issuers of securities and the terms governing recognition of information required by the laws of a non-member state as an equivalent information (Journal of Laws No. 33 of February 28, 2009, item 259, as amended) the Board of Alma Market S.A. announces that:
1) the date of commencement of the subscription of ordinary bearer series G shares of the Company arising from acquired Warrants was March 10, 2001, and the closing date was March 17, 2011,
2) there was no fixed date of allotment of ordinary bearer shares of series G, due to the nature of subscription,
3) number of ordinary bearer shares of series G was included in the part subscription is 132 000 (one hundred thirty two thousand),
4) there was no reduction rate of bearer shares of series G, due to the nature of subscription,
5) number of ordinary bearer shares of series G of the Company on which were made subscriptions amounted to 132 000 (one hundred thirty two thousand),
6) ordinary bearer shares of series G were not allocated in the way of partial subscription due to the nature of subscription,
7) price at which ordinary bearer shares of series G were purchased amounts to 19.00 PLN (nineteen zlotys) per share and is equal to their issue price,
8) the number of persons who subscribed for part of series G ordinary bearer shares of the Company's is 14 (fourteen)
9) the number of people who have been allocated with ordinary bearer shares of series G as part of the subscription is 14 (fourteen)
10) due to the nature of the subscription, there were no underwriters who took to the securities in the exercise of underwriting agreements,
11) value of the subscription or sale, understood as the product of the number of ordinary bearer shares of series G of the Company and its issue price is 2 508 000 PLN (two million five hundred eight thousand zlotys)
12) the total value of the cost included in the cost of a partial issue of series G shares of the Company amounted to PLN 20 200 (twenty thousand two hundred zlotys), which in total made up of costs of preparing and carrying out the offer. Expenses of the issue of series G shares of the Company incurred an increase of equity, decrease the Company's equity. In the financial statements prepared in accordance with International Financial Reporting Standards, these are included as cost of introducing shares into trading, which reduce the value of the excess of the incentive program, hence decrease the value of the equity. Due to lack of a final settlement of costs of issuance of series G shares of the Company, its cost was estimated according to the best knowledge of the company based on the tables of fees and charges, that are in force at GPW and KDPW. Simultaneously the principles and detailed valuation of the costs associated with the issue of series G shares under the incentive program and the impact of issuance of shares on the Company's financial results and shareholders' equity, the Company presented in the published interim financial statements.
13) the average cost of the partial subscription attributable to one ordinary share of series G ordinary bearer shares of the Company amounted to PLN 0.15 (fifteen grosz).
