Transaction on PKP CARGO S.A. shares executed by a person closely related to a member of the Company’s Supervisory Board
General legal basis (selected in ESPI): Art. 160 sec. 4 of Act on Trading in Financial Instruments – information about transactions by persons having access to confidential information
The Management Board of PKP CARGO S.A. („Company”, „Issuer”) reports, that on 25 June 2014, under the procedure in art. 160 section 1 item 1 of the Act of 29 July 2005 on trading in financial instruments, it received a notification concerning transaction on the Company’s shares executed by a person closely related to a member of the Issuer’s Supervisory Board.
The notification in question indicates that on 18 June 2014 the person closely related to a member of the Company’s Supervisory Board i.e. PKP S.A., in which the member of the Company’s Supervisory Board shall be a member of the management board, sold 7,627,650 ordinary bearer shares of the Company at the average price of PLN 76.50 per share.
The notification stated that the sale of the shares occurred as a result of over-the-counter block trade executed on a regulated market operated by the Warsaw Stock Exchange S.A.
This information under the procedure in art. 160 section 1 of the Act of 29 July 2005 on trading in financial instruments was prepared on 24 June 2014 in Warsaw.
The person obligated to provide the foregoing information did not consent to publishing the data referred to in § 2 section 1 item 1 of the Regulation of 15 November 2005 on providing and publishing information concerning certain transactions on financial instruments and the rules for drafting and maintaining a list of persons with access to certain confidential information.
Legal basis: Art. 160 sec. 4 of Act on Trading in Financial Instruments (Journal of Laws of 2005, No. 183, item 1538) with §3 Regulation of the Minister of Finance, dated 15 November 2005 on the disclosure of information on certain transactions in financial instruments and principles of making a list of people who have access to confidential information (Journal of Laws of 2005, No. 229, item 1950).