Integrated Annual Report 2014

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21. Share capital

PLN ’000 Year ended
Dec 31 2014
Year ended
Dec 31 2013
At beginning the period 129,873 129,873
Issue of Series D shares 55,000 -
At end of the period 184,873 129,873
Series A shares 78,700 78,700
Series B shares 35,000 35,000
Series C shares 16,173 16,173
Series D shares 55,000 -

On September 8th 2014, the Company’s Extraordinary General Meeting passed Resolution No. 2 on increasing the Company’s share capital by way of issue of new shares, public offering of new shares, setting the record date for determining the pre-emptive rights to new shares for November 18th 2014, conversion into book-entry form and seeking admission of pre-emptive rights, allotment certificates and new shares to trading on the regulated market of the Warsaw Stock Exchange, amending the Company’s Articles of Association and authorising the Supervisory Board to prepare a consolidated text of the Company’s Articles of Association

By Resolution No. 1396/2014 of December 11th 2014, the Management Board of the Warsaw Stock Exchange resolved to introduce 55,000,000 allotment certificates for Series D ordinary bearer shares in the Company, with a par value of PLN 1 per share, assigned code PLLOTOS00074 by the Polish NDS, to trading on the main market, by way of the ordinary procedure, with effect from December 12th 2014.

As at December 31st 2014, the share capital was divided into 184,873,362 ordinary shares paid in full, with a par value of PLN 1 per share, including 55,000,000 Series D shares and 129,873,362 Series A, Series B and Series C shares from previous issues. One share confers the right to one vote at the General Meeting and carries the right to dividend.

January 9th 2015 saw the registration of Grupa LOTOS S.A.’s share capital increase from PLN 129,873,362 to PLN 184,873,362 (see Note 37). Following the entry of the share capital increase in the National Court Register, the total number of voting rights conferred by all shares issued by Grupa LOTOS S.A. as at the issue date of these financial statements was 184,873,362.

The Notes to the consolidated financial statements are an integral part of the statements.
(This is a translation of a document originally issued in Polish)