Completion of the Stabilisation Period
Legal basis (selected in ESPI): Art. 56 sec. 1 item 1 of the Act on Offering – confidential information
The Management Board of PKP CARGO S.A. („Company”) hereby informs, that on 15 November 2013 it was notified of a completion on 15 November 2013 of the Stabilisation Period as regards the price of the Company’s shares listed on the Warsaw Stock Exchange (“GPW”), in connection with signing by Dom Maklerski PKO BP („Stabilising Manager”) and PKP S.A. („Selling Shareholder”) of an Annex no. 1 („Annex”) to the Share Purchase and Stabilisation Agreement from 22 October 2013 (“Agreement”), which provides for a completion of stabilizing efforts and an early settlement of an Agreement, i.e. before expiration of the Stabilisation Period, referred to in the Company’s prospectus approved by the Polish Financial Supervisory Commission (“KNF”) on 4 October 2013 (“Prospectus”). As defined in the Prospectus, Stabilisation Period was a period of 30 days following the listing of the Company’s shares on GPW, during which the Stabilising Manager was authorized to execute stabilisation transactions.
After the conclusion of the Annex, Stabilising Manager shall not be authorized to carry out any stabilisation transactions.
At the same time, the Management Board of the Company announces, that on 15 November 2013 it was notified by the Stabilisation Manager, that during the Stabilisation Period the Stabilisation Manager did not perform any stabilisation transactions in relation to the Company’s shares.
Legal basis: Art. 56 sec. 1 item 1 of the Act of 25 July 2005 on public offering and conditions for introduction of financial instruments into an organized trading system, and on public companies (Journal of Laws of 2005 no. 184, item 1539 as amended) and Art. 9 sec. 3 of Commission Regulation (EC) No 2273/2003 of 22 December 2003 implementing Directive 2003/6/EC of the European Parliament and of the Council as regards exemptions for buy-back programmes and stabilisation of financial instruments.