Financial results

Download note 36.1 in XLS

36.1 Share capital

	A series shares	B series shares	C1 series shares	Total
Number of shares as at 1 January 2015	291 300	9 437 740	0	9 729 040
Issue of C1 series shares	0	0	1 284 248	1 284 248
Number of shares as at 31 December 2015	291 300	9 437 740	1 284 248	11 013 288
Vale of shares as at 31 December 2015 (PLN’000)	2 913	94 377	12 843	110 133
Year of issue	2 011	2 011	2 015

 

 

As at 31 December 2015, the Bank’s share capital was composed of 11,013,288 shares with a face value of PLN 10 each. The Bank’s shares were fully paid up. General description of shares:

• 291,300 registered A series shares (held by Poczta Polska S.A.) carrying no preference;
• 7,005,470 registered B series shares (held by Poczta Polska S.A.) and 2,432,270 registered B series shares (held by Powszechna Kasa Oszczędności Bank Polski S.A.) carrying no preference;
• 963,186 registered C1 series shares (held by Poczta Polska S.A.) and 321,062 registered C1 series shares (held by Powszechna Kasa Oszczędności Bank Polski S.A.) carrying no preference.

Each ordinary share gives its holder a title to dividend and one vote at General Shareholders’ Meeting.

On 24 April 2015 the Extraordinary Shareholders’ Meeting adopted a resolution concerning the increase of the Bank’s share capital by the issue of up to 4 570 960 new C series ordinary bearer shares with the par value of PLN 10 each, in the form of a public offering with subscription rights entirely excluded for the existing shareholders; the change in the Bank’s charter following the capital increase; dematerialization of C series shares and rights to C series shares; and a request for admitting these shares and rights to trading on the regulated market. A request was planned to be filed for C series shares and rights to C series shares to be admitted for trading on the regulated market of the Warsaw Stock Exchange (Giełda Papierów Wartościowych w Warszawie S.A.).

On 30 June 2015, the Extraordinary General Shareholders’ Meeting passed a resolution changing the Bank’s charter. The change concerned, among other things, the status of shares. A series shares no longer carry preferential rights to asset distribution in case of liquidation of the Bank in proportion of 5 to 1 versus ordinary shares and have become non-preference registered shares.

On 23 September 2015 the Extraordinary General Shareholders’ Meeting adopted Resolution No. 1 concerning the increase of the Bank’s share capital by the issue of up to 1 284 248 new C1 series ordinary registered shares with the par value of PLN 10 each, in the form of a private placement with subscription rights entirely excluded for the existing shareholders; the change in the Bank’s charter following the capital increase; dematerialization of C1 series shares; and a request for admitting these shares to trading on the regulated market managed by the Warsaw Stock Exchange. The unit issue price of C1 series shares was set at PLN 46.72.

Moreover, the Extraordinary General Shareholders’ Meeting adopted Resolution No. 2 concerning the increase of the Bank’s share capital by the issue of up to 4,570,960 new D series ordinary bearer shares with the par value of PLN 10 each, in the form of a public offering with subscription rights entirely excluded for the existing shareholders; the change in the Bank’s charter following the capital increase; dematerialization of D series shares and rights to D series shares; and a request for admitting these shares and rights to trading on the regulated market of the Warsaw Stock Exchange.

The C1 series shares issued were offered to the existing shareholders of the Bank proportionally to their share in the Bank's share capital before the share capital increase. The par value of C1 series shares offered reached PLN 12,842,480.00, while their issue value was PLN 60,000,066.56. All shares were taken by shareholders and fully paid up in cash. The Bank’s share capital increase was recorded in the National Court Register on 20 November 2015.