As a result of signing the agreement, PKN Orlen will dispose off 6,150 shares in Petrotel, with a nominal value of PLN1,000 for each share and a total nominal value of PLN6.15 million.
The to-be-disposed shares represent 75% of the registered capital of Petrotel and 75% of the votes at the shareholders’ general meeting of Petrotel. The price for the to-be-disposed shares amounts to PLN32.41 million.
The shares will be transferred to Telefonia Dialog on condition that Petrotel’s other shareholders will not use their pre-emption right to purchase the to-be-disposed shares, in accordance with the provisions of Petrotel’s statute and payment of the full amount of the shares’ price.
The registered capital of Petrotel amounts to PLN8.2 million and is divided into 8,200 equal and indivisible shares with a nominal value of PLN1,000 for each share. The book value of the shares in PKN Orlen’s accounts amounted to PLN6.15 million. PKN Orlen will not have any shares in the registered capital of Petrotel once the transaction is closed.
