History of transactions

July 19, 2018 the ES SYSTEM S.A. Management Board informed about receiving a notification from Augusta Investment sp. z o.o. regarding the direct purchase of the Issuer’s shares. Before the transaction it held 12 125 355 of the Issuer’s shares, constituting 28.29% After the transaction it held 12 625 355 of the Issuer’s shares, constituting 29.45% of the share capital and 29.45% of the share of the total number of voting rights at the General Assembly of the Shareholders of the Issuer.
The acquisition of the shares took place on July 19, 2018.

June 11, 2015 the ES SYSTEM S.A. Management Board informed about receiving a notification from Augusta Investment sp. z o.o. regarding the direct purchase of the Issuer’s shares. Augusta Investment sp. z o.o. had not been in possession of any of the Issuer’s shares prior to the transaction. After the transaction it held 12 125 355 of the Issuer’s shares, constituting 28.29% of the share capital and 28.29% of the share of the total number of voting rights at the General Assembly of the Shareholders of the Issuer.
The acquisition of the shares took place on June 10, 2015.

June 11, 2015 the Management Board of ES SYSTEM S.A. received a notification from Mrs. Bozena Ciupinska about:
  • the direct disposal of ES-SYSTEM S.A. shares
  • indirect purchase of the Issuer’s shares by Augusta Investment sp. z o.o.
Prior to the transaction, Mrs. Ciupinska held 12 125 355 ES SYSTEM S.A. shares, which amounted 28.29% of the Issuer’s share capital and 28.29% of the total number of voting rights at the Issuer’s General Assembly of Shareholders.
Following the transaction, Mrs. Ciupinska held 12 125 355 ES SYSTEM S.A. shares indirectly through Augusta Investment sp. z o.o., which represented 28.29% of the Issuer’s share capital and 28.29% of the total number of voting rights at the General Assembly of ES SYSTEM.
The disposal of shares took place on June 10, 2015.

June 8, 2015 the Management Board of ES SYSTEM S.A. informed about receiving a notification from PAI PROPERTIES – FUNDUSZ KAMIENICZNY sp. z o.o. regarding the direct purchase of the Issuer’s shares.
PAI PROPERTIES – FUNDUSZ KAMIENICZNY sp. z o.o. had not been in the possession of any of the Issuer’s shares prior to the transaction. After the transaction, PAI PROPERTIES – FUNDUSZ KAMIENICZNY sp. z o.o indirectly held 4 966 902 of ES SYSTEM shares, constituting 11.59% of the share capital and the total number of voting rights at the General Assembly of ES SYSTEM S.A.

June 8, 2015 the Management Board of ES SYSTEM S.A. informed about receiving a notification from the Shareholder Mr. Jacek Wysocki about:
  • direct disposal of the Issuer’s shares
  • indirect purchase of the Issuer’s shares
The number of shares directly held by Mr. Jacek Wysocki before the transaction amounted to 4 966 901, constituting 11.59% of the share capital and the total number of voting rights at the General Assembly of ES SYSTEM. As a result of the transaction, Mr. Jacek Wysocki held 4 966 902 shares of ES-SYSTEM S.A. indirectly through PAI PROPERTIES-FUNDUSZ KAMIENICZNY sp. z o.o.*, constituting 11.59% of the share capital and the total number of voting rights at the General Assembly of ES SYSTEM S.A.
* the change of the name of the Company from PAI PROPERTIES-FUNDUSZ KAMIENICZNy sp. z o.o. to Hedland sp. z o.o. – National Court Register entry on June 7, 2015

February 16, 2015 the Management Board of ES SYSTEM S.A. informed about receiving a notification from Quercus TFI S.A., that investment funds, managed by Quercus TFI S.A.:
  • Quercus Parasolowy SFIO,
  • Quercus Absolute Return FIZ,
  • Quercus Absolutnego Zwrotu FIZ,
regarding the purchase of the Company’s shares in excess of the 5% threshold of the total number of voting rights at the General Assembly of ES-SYSTEM S.A.
Before the transaction, the Funds held 2 138 939 shares of ES SYSTEM S.A., constituting 4.99% of the Issuer’s share capital and gave the right to 4.99% of the total number of voting rights at the General Assembly of ES SYSTEM S.A.
After the transaction, the Funds held 2 148 995 shares of ES SYSTEM S.A., constituting 5.01% of the Issuer’s share capital and gave the right to 5.01% of the total number of voting rights at the General Assembly of ES SYSTEM S.A.

February 3, 2015, the Management Board of ES-SYSTEM S.A informed about receiving a notification from MetLife PTE S.A. regarding the disposal of the Issuer’s shares by MetLife Otwarty Fundusz Emerytalny (managed by MetLife PTE S.A.). As a result of the acquisition of the Issuer’s shares, the share in the total number of voting rights at ES-SYSTEM S.A. decreased below the 5% threshold. Prior to the transaction, MetLife OFE held 2 143 290 shares, constituting 5.00% of the share capital and the total number of voting rights at the General Assembly of ES-SYSTEM S.A. After the transaction, MetLife OFE held 1 943 290 of the Issuer’s shares, constituting 4,53% of the share capital and the total number of voting rights at the General Assembly of the Issuer’s Shareholders.

June 9, 2014 the Management Board of ES-SYSTEM S.A. received a notification from Mr. Jacek Wysocki on the indirect disposal of shares by Hedland Holdings s.a r.l. and the direct acquisition of the Company’s shares.
The indirect disposal and the direct acquisition of shares took place on June 4, 2014.
Prior to the transaction, Mr. Wysocki indirectly through Hedland Holdings s.a.r.l. held 4 966 902 ES-SYSTEM S.A. shares, which amounted to 11,59% of the Issuer’s share capital and 11,59% of the total number of voting rights at the Issuer’s General Assembly of Shareholders.
Following the transaction, Mr. Wysocki directly holds 4 966 902 ES-SYSTEM S.A. shares, which represents 11,59% of the Issuer’s share capital and 11,59% of the total number of voting rights at the General Assembly of ES-SYSTEM.

June 9, 2014 the ES-SYSTEM S.A. Management Board informed about receiving a notification from Hedland Holdings s.a r.l., based in Luxembourg, about the direct disposal of the Issuer’s shares. The disposal of shares took place on June 4, 2014.
Prior to the transaction, Hedland Holdings s.a r.l owned 4 966 902 of the Issuer’s shares, which amounted to 11,59% of the share capital and 11,59% of the share of the total number of voting rights at the General Assembly of the Shareholders of the Issuer.
After this transaction Hedland Holdings s.a r.l is no longer in possession of any ES-SYSTEM S.A. shares.

December 3, 2013 the Management Board of ES‑SYSTEM S.A. received a notification from Mrs. Bozena Ciupinska on the indirect disposal of shares by Augusta Investments s.a r.l. and the direct acquisition of the Company’s shares.
The indirect disposal and the direct acquisition of shares took place on November 28, 2013.
Prior to the transaction, Mrs. Ciupinska indirectly through Augusta Investments s.a.r.l. held 12 125 355 ES‑SYSTEM S.A. shares, which amounted to 28,29% of the Issuer’s share capital and 28,29% of the total number of voting rights at the Issuer’s General Assembly of Shareholders.
Following the transaction, Mrs. Ciupinska directly holds 12 125 355 ES‑SYSTEM S.A. shares, which represents 28,29% of the Issuer’s share capital and 28,29% of the total number of voting rights at the General Assembly of ES‑SYSTEM.

December 3, 2013 the ES‑SYSTEM S.A. Management Board informed about receiving a notification from Augusta Investments s.a r.l., based in Luxembourg, about the direct disposal of the Issuer’s shares. The disposal of shares took place on November 28, 2013.
Prior to the transaction, Augusta Investments s.a r.l owned 12 125 355 of the Issuer’s shares, which amounted to 28,29% of the share capital and 28,29% of the share of the total number of voting rights at the General Assembly of the Shareholders of the Issuer.
After this transaction Augusta Investments s.a r.l is no longer in possession of any ES‑SYSTEM S.A. shares.

December 11, 2012 the Management Board of ES-SYSTEM S.A. announced that had obtained a notification from Aviva Otwarty Fundusz Emerytalny Aviva BZ WBK („Aviva OFE”) that as a result of acquisition of the Issuer’s shares increased the share in the total number of voting rights at ES-SYSTEM S.A. exceeding 5%. Before the transaction Aviva OFE held 2 122 798 shares constituting 4.95% of the share capital and the total number of voting rights at the General Assembly of ES-SYSTEM S.A. After the transaction Aviva OFE hold 2 427 614 of the Issuer’s shares constituting 5.66% of the share capital and the total number of voting rights at the General Assembly of the Issuer’s Shareholders.

January 17, 2011 the Management Board of ES‑SYSTEM S.A. informed on obtaining a notification from BPH Towarzystwo Funduszy Inwestycyjnych S.A. that as a result of a disposal of ES‑SYSTEM S.A. shares, BPH Towarzystwo Funduszy Inwestycyjnych S.A. holds less than 5% of the total number of voting rights at the General Assembly of Shareholders. Descending below 5% threshold was the result of a transaction settled on January 13,2011.
Before the transaction the number of shares held by BPH TFI amounted to 2 218 170 constituting 5.17% of the share capital and the total number of voting rights at the General Assembly of ES‑SYSTEM. After the transaction the number of shares held by BPH TFI amounted to 832 861 of ES‑SYSTEM shares constituting 1.94% of the share capital and the total number of voting rights at the General Assembly of the Issuer’s Shareholders.

July 2, 2010 the Management Board of the Company received a notification from Mr. Jacek Wysocki on:
  • a direct disposal of the Company’s shares,
  • an indirect disposal of the Company’s shares,
  • an indirect purchase of the Company’s shares,
and on exceeding 10% threshold of the total number of votes at the General Assembly of ES‑SYSTEM S.A. Exceeding 10% threshold was the result of the transaction settled on 28.06.2010.
The number of shares held directly by Mr. Jacek Wysocki before the transaction was 1 920 000 constituting 4.48% of the share capital and the total number of voting rights at the General Assembly of ES‑SYSTEM. As the result, Mr. Jacek Wysocki did not hold directly any ES‑SYSTEM shares.
Before the transaction the number of shares held indirectly by Mr. Jacek Wysocki amounted to 3 046 902 constituting 7.11% of the share capital and the total number of voting rights at the General Assembly of ES‑SYSTEM.
After the transaction Mr. Jacek Wysocki indirectly held through Tontelecom Holdings Limited
4 966 902 shares of ES‑SYSTEM constituting 11.59% of the share capital and the total number of voting rights at the General Assembly of the Issuer.

July 2, 2010 the Management Board of ES‑SYSTEM S.A. informed that on July 1, 2010 received a notification from Hedland Holdings s.a.r.l. with its seat in Luxemburg that as a result of a purchase of a significant block of shares the Shareholder exceeded 10% threshold of the total number of voting rights at the General Assembly of Shareholders of ES‑SYSTEM S.A.. Exceeding 10% threshold was a result of the purchase transaction of ES‑SYSTEM shares on June 28, 2010.
Before the transaction Hedland Holdings did not hold any ES‑SYSTEM shares. As a result of the transaction of purchasing ES‑SYSTEM shares Hedland Holdings held 4 966 902 constituting 11.59% of the share capital and the total number of voting rights at the General Assembly of ES‑SYSTEM.

July 2, 2010 the Management Board of ES‑SYSTEM S.A. informed that on July 1, 2010 received a notification from Tontelecom Holdings Limited with its seat on Cyprus that as a result of disposal of a significant block of shares the Shareholder descended below 5% threshold of the total number of voting rights at the General Assembly of ES‑SYSTEM S.A. and does not hold any shares of the Issuer. Descending below 5% threshold was a result of a transaction of disposing of ES‑SYSTEM shares settled on June 28, 2010.
Before the transaction the number of shares held by Tontelecom Holdings amounted to 3 046 902 constituting 7.11% of the share capital and the total number of voting rights at the General Assembly of ES‑SYSTEM.
As the result of the transaction Tontelecom Holdings does not hold any shares of ES‑SYSTEM.

June 25, 2010 the Management Board of ES‑SYSTEM S.A. informed about receiving a notification from Mr. Bogusław Pilszczek on an indirect purchase of the Issuer’s shares and on exceeding 20% threshold of the total number of voting rights at the General Assembly of ES‑SYSTEM. Exceeding 20% threshold was a result of the transaction of purchasing ES‑SYSTEM shares settled on June 21, 2010.
The number of shares directly held by Mr. Bogusław Pilszczek before the transaction was 1 149 074, constituting 2.68% of the share capital and the total number of voting rights at the General Assembly of ES‑SYSTEM. As the result of the transaction Mr. Bogusław Pilszczek directly does not hold any shares of the Company.
Number of shares held by Mr. Bogusław Pilszczek indirectly through Bowen Investment before the transaction amounted to 7 438 191, constituting 17.36% of the share capital and the total number of voting rights at the General Assembly of ES‑SYSTEM S.A.
After the transaction Mr. Bogusław Pilszczek indirectly held through Bowen Investment 8 587 265 shares of ES‑SYSTEM, constituting 20.04% share in the share capital and the total number of voting rights at the General Assembly of ES‑SYSTEM.

June 25, 2010 the Management Board of ES‑SYSTEM S.A. announced that received from Augusta Investments s.a.r.l. with its seat in Luxemburg a notification on a purchase of shares and on exceeding 25% threshold of the total number of voting rights at the General Assembly of ES‑SYSTEM S.A. Exceeding 25% threshold was a result of the transaction of purchasing ES‑SYSTEM shares on June 21, 2010.
Before the transaction the number of shares held by Augusta Investment amounted to 7 438 191, constituting 17.36% of the share capital and the total number of voting rights at the General Assembly of ES‑SYSTEM.
After the transaction Augusta Investment held 12 125 355 shares of ES‑SYSTEM, constituting 28.29% of the share capital and the total number of voting rights at the General Assembly of ES‑SYSTEM.

June 25, 2010 the Management Board of ES‑SYSTEM S.A. informed on receiving a notification from Bowen Investments s.a.r.l. with its seat in Luxemburg on indirect purchase of the Issuer’s shares and on exceeding 20% threshold of the total number of voting rights at the General Assembly of ES‑SYSTEM S.A. Changes of the possessions resulted from the transaction settled on June 21, 2010.
Number of shares indirectly held by Bowen Investments before the transaction amounted to 7 438 191, constituting 17.36% of the share capital and the total number of voting rights at the General Assembly of ES‑SYSTEM. After the transaction Bowen Investments indirectly held 8 587 265 of ES‑SYSTEM shares constituting 20.04% of the share capital and the total number of voting rights at the General Assembly of ES‑SYSTEM S.A.
Before the transaction number of shares held by Mr. Bogusław Pilszczek as the dominating entity to Bowen Investments amounted to 1 149 074, constituting 2.68% of the share capital and the total number of voting rights at the General Assembly of ES‑SYSTEM S.A.
After the transaction Mr. Bogusław Pilszczek as the dominating entity to Bowen Investments did not hold indirectly any shares of ES‑SYSTEM S.A.

June 25, 2010 the Management Board of ES‑SYSTEM S.A. informed about receiving a notification from the Shareholder Mrs. Bożena Ciupińska that as a result of disposal of a significant block of shares the Shareholder descended below 5% threshold of the total number of voting rights at the General Assembly of ES‑SYSTEM S.A. and does not hold any of the Issuer’s shares. At the same time, through the indirect purchase of shares by Augusta Investments s.a.r.l., the Shareholder exceeded 25% threshold of the total number of voting rights at the General Assembly of Shareholders of the Issuer. Changes of the possessions resulted from the transaction settled on 21 June 2010.
Number of shares indirectly held by Mrs. Bożena Ciupińska before the transaction amounted to 4 687 164, constituting 10.93% of the share capital and the total number of voting rights at the General Assembly of ES‑SYSTEM. As the result of the transaction Mrs. Bożena Ciupińska does not hold directly any of the Company’s shares.
Before the transaction number of shares held by Mrs. Bożena Ciupińska indirectly through Augusta Investment amounted to 7 438 191, constituting 17.36% of the share capital and the total number of voting rights at the General Assembly of ES‑SYSTEM S.A.
After the transaction Mrs. Bożena Ciupińska held indirectly through Augusta Investment 12 125 355 shares of ES‑SYSTEM S.A., constituting 28.29% of the share capital and the total number of voting rights at the General Assembly of ES‑SYSTEM.

July 10, 2009 the Management Board of ES‑SYSTEM S.A. announced the information received from AIG PTE S.A. with its seat in Warsaw on a purchase of the Issuer’s shares by AIG Otwarty Fundusz Emerytalny (the entity managed by AIG PTE S.A.) and on exceeding 5% threshold of the total number of voting rights at the General Assembly of ES‑SYSTEM S.A. Exceeding 5% threshold resulted from the transaction settled on July 3, 2009.
Before the transaction AIG OFE held 1 403 801 shares of ES‑SYSTEM S.A. and 1 403 801 voting rights, constituting 3.28% of the Issuer’s share capital and gave the right to 3.28% of the total number of voting rights at the General Assembly of the Issuer.
After the transaction OFE held 2 353 995 shares of ES‑SYSTEM S.A. and 2 353 995 voting rights, constituting 5.49% of the Issuer’s share capital and gave the right to 5.49% of the total number of voting rights at the Issuer’s General Assembly.

July 9, 2009 the Management Board of ES‑SYSTEM S.A. informed about receiving a notification from Deutsche Bank AG with its seat in Germany, on a disposal of the Company’s shares by DWS Polska TFI S.A. (subsidiary of Deutsche Bank AG). Descending below 5% threshold resulted from the transaction settled on July 3, 2009.
Before the transaction DWS TFI Polska S.A. held 2 146 026 shares of ES‑SYSTEM S.A. and 2 146 026 voting rights, constituting 5.01% of the Issuer’s share capital and gave the right to 5.01% of the total number of voting rights at the General Assembly of ES‑SYSTEM S.A.
After the transaction DWS TFI Polska S.A. held 1 546 026 shares of ES‑SYSTEM S.A. and 1 546 026 voting rights, constituting 3.61% of the Issuer’s share capital and gave the right to 3.61% of the total number of voting rights at the General Assembly of ES‑SYSTEM S.A.

July 2, 2009 the Management Board of ES‑SYSTEM S.A. received a notification from Mr. Jacek Wysocki on an indirect purchase of the Issuer’s shares and on exceeding 5% threshold of the total number of voting rights at the General Assembly of ES‑SYSTEM S.A. Exceeding 5% threshold resulted from the transaction settled on June 30, 2009.
Number of shares held indirectly by Mr. Jacek Wysocki before and after the transaction amounted to 1 920 000, constituting 4.48% of the share capital and the total number of voting rights at the General Assembly of ES‑SYSTEM.
Before the transaction Tontelecom Holdings Limited did not hold any ES‑SYSTEM S.A. shares. After the transaction Mr. Jacek Wysocki indirectly held through Tontelecom Holdings Limited 3 046 902 ES‑SYSTEM shares, constituting 7.11% of the share capital and the total number of voting rights at the General Assembly of ES-SYSTEM.

July 2, 2009 the Management Board of ES‑SYSTEM S.A. informed about receiving a notification from Mr. Bogusław Pilszczek on an indirect purchase of the Issuer’s shares and on exceeding 15% threshold of the total number of voting rights at the General Assembly of ES‑SYSTEM S.A. Exceeding 15% threshold resulted from the transaction settled on June 30, 2009.
Number of shares held directly by Mr. Bogusław Pilszczek before and after the transaction amounted to 1 149 074, constituting 2.68% of the share capital and the total number of voting rights at the General Assembly of ES‑SYSTEM.
Before the transaction number of shares held by Mr. Bogusław Pilszczek indirectly through Bowen Investment amounted to 6 016 363, constituting 14.04% of the share capital and the total number of voting rights at the General Assembly of ES‑SYSTEM S.A.
After the transaction Mr. Bogusław Pilszczek held indirectly through Bowen Investment 7 438 191 ES-SYSTEM shares, constituting 17.36% of the share capital and the total number of voting rights at the General Assembly of ES-SYSTEM.

July 2, 2009 the Management Board of ES‑SYSTEM S.A. announced that received a notification from Mrs. Bożena Ciupińska on an indirect purchase of the Issuer’s shares and on exceeding 15% threshold of the total number of voting rights at the General Assembly of ES‑SYSTEM S.A. Exceeding 15% threshold resulted from the transaction settled on June 30, 2009.
Number of shares held directly by Mrs. Bożena Ciupińska before and after the transaction amounted to 4 687 164, constituting 10.93% of the share capital and the total number of voting rights at the General Assembly of ES‑SYSTEM.
Before the transaction number of shares held by Mrs. Bożena Ciupińska indirectly through Augusta Investment amounted to 6 016 363, constituting 14.04% of the share capital and the total number of voting rights at the General Assembly of ES‑SYSTEM S.A.
After the transaction Mrs. Bożena Ciupińska held indirectly through Augusta Investment 7 438 191 ES‑SYSTEM shares, constituting 17.36% of the share capital and the total number of voting rights at the General Assembly of ES‑SYSTEM.

July 2, 2009 the Management Board of ES‑SYSTEM S.A. informed about receiving a notification from Tontelecom Holdings Limited with its seat on Cyprus on a purchase of a significant block of shares and on exceeding 5% threshold of the total number of voting rights at the General Assembly of ES‑SYSTEM S.A. Exceeding 5% threshold was a result of a transaction of purchasing ES‑SYSTEM shares settled on June 30, 2009. Before the transaction Tontelecom did not hold any shares of ES‑SYSTEM.
As the result of the transaction held 3 046 902 ES‑SYSTEM shares, constituting 7.11% of the share capital and the total number of voting rights at the General Assembly of ES‑SYSTEM.

July 2, 2009 the Management Board of ES‑SYSTEM S.A. announced that received from Bowen Investments s.a.r.l. with its seat in Luxemburg a notification on a purchase of a significant block of shares and on exceeding 15% threshold of the total number of voting rights at the General Assembly of ES‑SYSTEM S.A. Exceeding 15% threshold was a result of a transaction of purchasing ES‑SYSTEM shares settled on June 30, 2009. Before the transaction the number of shares held by Bowen Investment amounted to 6 016 363, constituting 14.04% of the share capital and the total number of voting rights at the General Assembly of ES‑SYSTEM S.A.
As the result of the transaction Bowen Investment held 7 438 191 ES‑SYSTEM shares, constituting 17.36% of the share capital and the total number of voting rights at the General Assembly of ES‑SYSTEM.

July 2, 2009 the Management Board of ES‑SYSTEM S.A. informed about receiving from Augusta Investments s.a.r.l. with its seat in Luxemburg a notification on a purchase of a significant block of shares and on exceeding 15% threshold of the total number of voting rights at the General Assembly of ES‑SYSTEM S.A. Exceeding 15% threshold was a result of a transaction of purchasing ES‑SYSTEM shares settled on June 30, 2009.
Before the transaction the number of shares held by Augusta Investment amounted to 6 016 363, constituting 14.04% of the share capital and the total number of voting rights at the General Assembly of ES‑SYSTEM S.A.
After the transaction Augusta Investment held 7 438 191 ES‑SYSTEM shares, constituting 17.36% of the share capital and the total number of voting rights at the General Assembly of ES‑SYSTEM.

July 2, 2009 the Management Board of ES‑SYSTEM S.A. informed on receiving a notification from Hedland Investments s.a.r.l. with its seat in Luxemburg on a disposal of a significant block of shares. Descending below 5% threshold resulted from a transaction if disposing of ES‑SYSTEM shares on 30 June 2009.
Before the transaction the company held 6 629 547 of the Issuer’s shares, constituting 15.47% share in the share capital and in the total number of voting rights at the General Assembly of ES‑SYSTEM S.A. After the transaction the company Hedland descended below 5% threshold of the total number of voting rights at the General Assembly of ES‑SYSTEM S.A. and does not hold any shares of the Issuer.

August 28, 2008 The Management Board of ES‑SYSTEM S.A. informed about the correction received from Deutsche Bank AG London that the entity holding ES‑SYSTEM S.A. shares is not Deutsche Bank AG but investment funds managed by DWS Polska TFI SA:
DWS Polska F.I.O Zrównoważony
DWS Polska F.I.O Top 50 Miss Plus
DWS Polska F.I.O Top 25 Małych Spółek
DWS Polska F.I.O Akcji Plus
DWS Polska F.I.O Akcji
DWS Polska F.I.O Akcji Spółek Eksportowych DWS Pol Eq Exp Issue
DWS Polska F.I.O Bezpiecznego Wzrostu Plus DWS Polska
DWS Polska F.I.O Zabezpieczenia Emerytalnego DWS Polska F.I.O Z.E

October 16, 2007 The Management Board of ES‑SYSTEM S.A. announced that on October 15, 2008 the Company received information from Deutsche Bank AG with its registered seat in Frankfurt, Germany that as a result of acquisition of shares by the subsidiary of Deutsch Bank AG – DWS Polska TFI S.A. Warszawa – Deutsche Bank AG indirectly holds shares exceeding the 5% of ES‑SYSTEM S.A. total voting rights. Exceeding the 5% threshold was a result of the purchase of Issuer’s shares on October 10, 2007. Prior to the transaction on October 10, 2007 Deutsche Bank AG held 2 133 471 ES‑SYSTEM S.A. shares constituting 4,977% of the Issuer’s share capital entitling to 4,977% of ES‑SYSTEM S.A. total voting rights. After the transaction Deutsche Bank AG holds 2 546 375 ES‑SYSTEM S.A. shares constituting 5,941% of the Issuer’s share capital and entitling to 5,941% of ES‑SYSTEM S.A. total voting rights.

April 24, 2007 On the basis of the announcement made by the National Depository for Securities (KDPW S.A.) from April 20, 2007, Resolution No. 163/07 of the Management Board of the National Depository for Securities (KDPW S.A.) from February 23, 2007 and based on the proposal made by the Company a registration of 6 500 000 ordinary bearer series G shares of ES‑SYSTEM S.A., with nominal value of 0,33 PLN each and marked with the code PLESSYS00030 will take place.

April 3, 2007 The Management Board of ES‑SYSTEM S.A. received information from BPH Towarzystwo Funduszy Inwestycyjnych S.A. with its registered seat in Warsaw ("BPH TFI") that as a result of acquisition of Issuer’s shares and rights to shares by BPH Fundusz Inwestycyjny Otwarty Aktywnego Zarządzania, BPH Fundusz Inwestycyjny Otwarty Stabilnego Wzrostu, BPH Fundusz Inwestycyjny Otwarty Akcji and BPH FIO Akcji Dynamicznych Spółek ("Fundusze") and within a framework of activities mentioned in the Act on Financial Instruments Trading art. 69, pass. 2, item 4 (management of portfolios with one or more financial instruments), BPH TFI holds on behalf of its ordering parties and Funds shares and rights to shares which can constitute more than 5% of total voting rights. Exceeding the 5% threshold resulted from the purchase of Issuer’s shares and rights to shares on March 27, 2007 (transaction settlement on March 30, 2007). Prior to the transaction on March 27, 2007 BPH TFI held the rights to 4,99% of potential voting rights created after the registration of the Issuer’s series G shares, constituting 4,99% of the potential capital created after the registration of the Issuer’s series G shares. After the transaction BPH TFI is entitled to 5,04% of voting rights in the potential number of voting rights created after the registration of the Issuer’s series G shares constituting 5,04% of the potential capital created after the registration of the Issuer’s series G shares.

March 15, 2007 Pursuant to § 33, pass. 1 of the Regulation of the Minister of Finance from October 19, 2005 regarding current and periodical information to be delivered by issuers of securities, the Management Board of ES‑SYSTEM S.A. presented to the public information regarding public offer:
  1. Date of the subscription and trading commencement – February 28, 2007. Date of the subscription and trading closure – March 2, 2007.
  2. Date of allocation of shares in the Individual Investors Tranche and in the Institutional Tranche – March 5, 2007.
  3. Number of shares included in the subscription for the Individual Investors Tranche -2 500 000 series G shares. Number of shares included in the subscription or trading for the Institutional Tranche – 9.214.091 (in that 4.000.000 series G shares within the framework of the Public Subscription and 5.214.091 series E shares within the framework of the Trading Offer).
  4. Subscription reduction rate for the Individual Investors Tranche – 94,615%.
    Subscription reduction rate for the Institutional Tranche – 0%.
  5. Number of shares subscribed for the Individual Investors Tranche – 46.423.476
    Number of shares subscribed for the Institutional Tranche – 9.214.091.
  6. Number of shares allocated for the Individual Investors Tranche – 2.500.000.
    Number of shares allocated for the Institutional Tranche – 9.214.091.
  7. Issue and selling price of shares – 5,80 PLN.
  8. Number of investors with subscription entries for the Individual Investors Tranche – 1.286. Number of investors with subscription entries for the Institutional Tranche – 608 (in that 5 companies managing term deposits placed subscribed on behalf of 549 clients).
  9. Number of investors with allocated shares from the Individual Investors Tranche – 1.261. Number of investors with allocated shares from the Institutional Tranche – 608 (in that for 549 clients of 5 companies managing term deposits).
  10. The agreement of investment or service underwriting was not signed by the Issuer.
  11. Value of the Public Offer – 67 941 727,80 PLN.
  12. Total costs of the issue:
    1. costs of preparation and execution of the offer - 1 253 021,46 PLN,
    2. underwriters’ remuneration costs - 0 PLN,
    3. costs of preparation of prospectus with costs of advisory services considered - 281 075,24 PLN,
    4. cost of the promotion of the offer - 197 312,13 PLN.
March 9, 2007 The Management Board received Information from the companies Augusta Investments S.a.r.l., Bowen Investments S.a.r.l., Hedland Investments S.a.r.l. regarding disposal of shares within the framework of public offer executed on the basis of Company’s Prospectus approved by the Polish Financial Supervision Authority (Komisja Nadzoru Finansowego) on February 7, 2007. Augusta Investments S.a.r.l. with its registered seat in Luxemburg informed that on March 5, 2007 took place a change of the ownership of shares held by Augusta company. Until then company Augusta held 6.516.363 series E shares constituting approximately 17,91% of the share capital of ES‑SYSTEM S.A., giving 6.516.363 voting rights analogously constituting 17,91% of the total voting rights at the general assembly of shareholders. As a result of trading by the company on March 5, 2007, 500.000 series E shares of ES‑SYSTEM S.A. in the public offer Augusta Investments S.a.r.l. holds at present 6.016.363 ES‑SYSTEM S.A. shares constituting approximately 16,45% of ES‑SYSTEM S.A. share capital, giving 6.016.363 voting rights constituting analogously 16,45% of the total voting rights at the general assembly of shareholders. Bowen Investments S.a.r.l. with its registered seat in Luxemburg informed that on March 5, 2007 took place a change of the ownership of shares held by company Bowen. Until then company Bowen held 6.516.363 series E shares constituting approximately 17,91% of the ES‑SYSTEM S.A. share capital, giving 6.516.363 voting rights constituting analogously 17,91% of the total voting rights at the general assembly of shareholders. As a result of trading 500.000 ES‑SYSTEM S.A. series E shares by Bowen company on March 5, 2007, at present in the public offer Bowen Investments S.a.r.l. holds 6.016.363 ES‑SYSTEM S.A. shares constituting approximately 16,45% of ES‑SYSTEM S.A. share capital, giving 6.016.363 voting rights constituting analogously 16,45% of the total voting rights at the general assembly of shareholders. Hedland Investments S.a.r.l. with its seat in Luxemburg informed that on March 5, 2007 took place a change of the ownership of shares held by Hedland company. Until then company Hedland held 10.843.638 series E shares of ES‑SYSTEM S.A. constituting approximately 29,82% of ES‑SYSTEM S.A. share capital, giving 10.843.638 voting rights constituting analogously 29,82% of the total voting rights at the general assembly of shareholders. As a result of trading by Hedland company on March 5, 2007, 4.214.091 series E shares of ES‑SYSTEM S.A. at present in the public offer Hedland Investments S.a.r.l. holds 6.629.547 ES‑SYSTEM S.A. shares constituting approximately 18,24% of ES‑SYSTEM S.A. share capital, giving 6.629.547 voting rights constituting analogously 18,24% of the total voting rights at the general assembly of shareholders.

March 8, 2007 On the basis of the announcement made by the National Depository for Securities (KDPW S.A.) from March 8, 2007, Resolution No. 163/07 of the Management Board of the National Depository for Securities (KDPW S.A.) from February 23, 2007 and based on the proposal made by the Company, on March 8, 2007 the National Depository for Securities registered 36.363.637 ordinary bearer series G shares of ES‑SYSTEM S.A., with the nominal value of 0,33 PLN, among them:
  • 100.000 series A shares
  • 7.439.280 series B shares
  • 4.220.720 series C shares
  • 240.000 series D shares
  • 24.363.637 series E shares
of ES‑SYSTEM S.A., marked with the code PLESSYS00030.

March 7, 2007 On the basis of Resolution No. 158/2007of the Management Board of the Warsaw Stock Exchange admissible to trading on the main market of the WSE were made the following common bearer’s shares of ES‑SYSTEM S.A. with the nominal
value of 0,33 PLN:
  • 100.000 series A shares
  • 7.439.280 series B shares
  • 4.220.720 series C shares
  • 240.000 series D shares
  • 24.363.637 series E shares
  • 6.500.000 series G shares (under the condition of registering increase in the share capital of the Company as a result of issuing series G shares).
The Management Board of the WSE decided to admit to trading on the WSE’s main market 6.500.000 rights to common bearer’s series G shares with the nominal
value of 0,33 PLN each.

March 6, 2007 A motion was made to the Warsaw Stock Exchange in Warsaw S.A. for admittance to trading on the WSE’s main market:
  • 100.000 series A shares, 7.439.280 series B shares, 4.220.720 series C shares, 240.000 series D shares, 24.363.637 series E shares and 6.500.000 series G shares, which are common bearer’s shares with the nominal value of 0,33 PLN each, marked by the National Depository for Securities (KDPW S.A.) with the code ISIN PLESSYS00030;
  • 6.500.000 rights to series G shares marked by the National Depository for Securities (KDPW S.A.) with the code ISIN PLESSYS00022.
March 5, 2007 Allocation of Offered Shares within the Public Offer was executed:
  1. In the Individual Investors Tranche were allocated 2.500.000 series G shares offered within the Public Subscription. Average subscription reduction rate in this tranche was 94,615%.
  2. In the Institutional Tranche altogether were allocated 9.214.091 Offered Shares, in that 4.000.000 series G shares from the new issue within Public Subscription and 5.214.091 series E shares offered within the Public Trading. Therefore the Public Offer took place with the highest amount determined in the Prospectus.
February 19, 2007 ES‑SYSTEM S.A. informed that price range within which the final Issue and Trade Price of Series G Shares and Offered Shares offered in the Public Offer amounts to 5,00 PLN – 5,80 PLN.

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