Notification of exceeded 90% of the share capital and votes at the General Assembly of the HTL-STREFA SA
The Management Board of HTL-STREFA („HTL”) received on December, 7th 2009 an information produced by Terantium Investments Sp. z o.o. with its registered office in Warsaw (“Terantium”) that in result of a settlement of a tender offer for the sale of all HTL shares of October 8, 2009 (the “Tender”) announced by Terantium pursuant to Article 74, Section 1 of the law of public offerings, Terantium exceeded on December 4th 2009 over 90% of the total number of shares and votes at the Meeting of Shareholders of HTL-SREFA S.A., a public company with its registered office in Ozorkow.
The information has been delivered pursuant to Article 69, Section 1, Item 1 of the law on public offerings, conditions governing the introduction (…) dated July 29, 2005.
Prior to the acquisition of shares through the Tender, Terantium held no shares in HTL.
Currently Terantum holds 62,861,018 HTL shares, which represents 97.32% of the HTL share capital and entitles to exercise 62,861,018 votes on the General Meeting which represents 97,32% of the total number of votes on the HTL General Meeting.
Moreover Terantium informed, that entities controlled by Terantium do not hold shares in HTL and Terantium in not a party to any agreement specified in Art. 87 sec. 1 item 3 letter c of the law on public offerings, i.e. an agreement on the transfer of the right to exercise voting rights.
Additionally, within 12 months from filing this notification Terantium plans to acquire the remaining in the market HTL shares and to withdraw HTL from the market on the Warsaw Stock Exchange.
Terantium informed that pursuant to Art. 6 par. 1 of the Code of Commercial Companies the possession of these shares means, that a relation of dominance has been settled between Terantium and HTL, in such a way that Terantium is the dominant company and HTL the controlled company.
Terantium is a company whose 100% of the shares is indirectly held by EQT V Limited, a fund managed by the EQT Group, a leading private equity company.
