The public offer of ordinary B series bearer shares took place on the basis of Resolution of the Extraordinary Meeting of Shareholders dated 13th April 2007. Based on the Prospectus 2 500 000.00 (two million five hundred thousand) ordinary B series shares at PLN 0.10 each (ten groszes) were offered. The offer of B series shares excluded the existing shareholders, who were not entitled to acquire the shares.
The B series shares were offered to Investors in two tranches:
– Small Investors Trannche – including 1 000 000 (one million) B series shares
– Large Investors Tranche – including 1 500 000 (one million five hundred) B series shares.
ISSUE DEADLINES
As specified in the issue Prospectus in Polish
INITIAL PUBLIC OFFER
Approval of the Prospectus by the Financial Supervision Authority on 13th August 2007.
Beginning of Registration for shares in the Small and Large Investors Tranches – 22nd August 2007.
Closure of Registration for shares in the Small and Large Investors Tranches – 27th August 2007.
Determination of Issue Price of the Shares and initial allocation of the B series shares via the Stock Exchange’s IT system – 28th August 2007.
Final deadline for payments for the shares offered within the Large Investors Tranche – 30th August 2007.
Settlement of transactions concluded within the initial allocation of shares and allocation of Shares – 31st August 2007.
Closure of the Public Share Offer – 31st August 2007.
ISSUE PRICE
Based on information on Determination of Issue Price and initial allocation of B series shares
INITIAL PUBLIC OFFER
28th August 2007, in accordance with the Company’s Public Share Offer Schedule Issue Price was determined and the B series shares were initially allocated. Issue Price of the shares was determined at the time of initial allocation via the Stock Exchange’s IT system and based on the principles of revenue maximisation – i.e. PLN 17.00 per Share, which is the maximum level within the price bracket.
Altogether in both Tranches investors made 847 orders for a total of 2 529 698 Shares. Within the Large Investors Tranche 688 235 Shares were initially allocated. Within the Small Investors Tranche 1 608 466 B series were initially allocated, with 608 466 Shares transferred from the Large Investors Tranche to the Small Investors. Altogether in the both tranches 2 296 701 B series Shares were allocated. Final settlement and allocation of the shares are planned to take place on 31st August 2007.
Legal basis: Article 54 clause 3 of the Act on offer.
Procedure initiated by the Financial Supervision Authority
5/ Decision of the Financial Supervision Authority dated 6th June 2008 on discontinuation of administrative proceedings initiated by the Authority on 30th November 2007 – L.Dz. DEM/419/02/31/08.
(Current report 30/2008 of 12.06.2008)
4/ Decision of Financial Supervision Authority on initiation of administrative proceedings.
(Current Report No. 38/2007 of 03.12.2007)
3/ Decision of the Financial Supervision Authority dated 16th November 2007.
(including discontinuation of the proceedings dated 26.10.2007)
(Current Report No. 32/2007 of 16.11. 2007)
2/ Letter of the Financial Supervision Authority dated 26.10.2007.
(Current Report No. 23/2007 of 07.11.2007)
1/ Decision of the Financial Supervision Authority on initiation of administrative proceedings.
(Current Report No. 18/2007 of 27.10.2007)
SUMMARY OF THE B SERIES BEARER ORDINARY SHARES PUBLIC OFFER
SOURCE (IN POLISH):
Determination of Issue Price and initial allocation of B series Shares
Issue Prospectus
INITIAL PUBLIC OFFER
CURRENT REPORTS OF ARCUS S.A. (IN POLISH):