Current Report No. 104/2016: Registration of a change in the share capital of KRUK S.A. following exercise of rights to acquire

Further to Current Report No. 66/2016 of June 27th 2016, the Management Board of KRUK S.A. (the “Company”) announces that on November 3rd 2016 it was notified of registration by the District Court for Wrocław-Fabryczna in Wrocław, 6th Commercial Division of the National Court Register, on October 19th 2016, of a PLN 228,470 increase in the share capital of KRUK S.A. through the issue of Series E shares. 

The entry of the share capital increase in the National Court Register is of declaratory nature. The share capital was increased upon registration of the Series E shares in the investors’ securities accounts on the date of their registration with the Central Securities Depository of Poland, as indicated in Current Report No. 66/2016. Pursuant to Resolution No. 1/2011 of the Company’s Extraordinary General Meeting dated March 30th 2011, the share capital was increased as part of the conditional share capital increase through the issue of 228,470 Series E shares with a par value of PLN 1.00 per share. The issue of Series E shares was related to the exercise of rights attached to Series A, B, C and D subscription warrants by eligible persons. Series A, B, C and D warrants were issued as part of the incentive scheme addressed to key management staff of KRUK S.A. and the Group companies.

KRUK S.A.’s share capital currently comprises:

- 2,692,220 Series A bearer shares with a par value of PLN 1 per share,

- 11,366,600 Series AA bearer shares with a par value of PLN 1 per share,

- 1,250,000 Series B bearer shares with a par value of PLN 1 per share,

- 491,520 Series C bearer shares with a par value of PLN 1 per share,

- 1,100,000 Series D bearer shares with a par value of PLN 1 per share and

- 843,876 Series E bearer shares with a par value of PLN 1 per share.

Currently, the share capital of KRUK S.A. amounts to PLN 17,744,216 and is divided into 17,744,216  shares, conferring 17,744,216 voting rights at the Company’s General Meeting.

Detailed legal basis: Par. 5.1.9 of the Regulation of the Minister of Finance of February 19th 2009 on current and periodic information […]