PKN ORLEN donated shares in Wisla Plock to Plock District
Polski Koncern Naftowy ORLEN S.A. ("PKN ORLEN") informs that on 20 December 2007, as donor, and Gmina Plock District, as donee, signed a contract of donation regarding shares (“Contract”) in Wisla Plock a joint stock company, headquartered in Plock, Poland (“Wisla Plock”) and a contract of donation regarding the Kazimierz Gorski stadium.
PKN ORLEN gave to Plock District 10,000 ordinary, registered shares in Wisla Plock with a nominal value of each share amounting to PLN 100 (“Given Shares”) and the total nominal value amounting to PLN 1,000,000. The Given Shares represent 100% of the registered capital of Wisla Plock, and 100% of the votes at the Shareholders’ General Meeting of Wisla Plock. The Given Shares in Wisla Plock have been transferred to Plock District on the date of signing the Contract.
The share capital of Wisla Plock amounts to PLN 1,000,000 and is divided into 10,000 equal and indivisible shares with a nominal value PLN 100 per share. The book value of the Given Shares in the PKN ORLEN books amounted to PLN 1,000,000 as on the date of signing the Contract.
As a result of the donation, PKN ORLEN will have no shares in the registered capital of Wisla Plock. The main business activities of Wisla Plock concerns conducting sport activities including participation in the professional and amateur competitions and events in such sport disciplines as handball and football, as well as performing other business activities related to sport.
Plock District is a territorial self-governmental body performing in accordance to the Law on the territorial self-governmental bodies dated 8 March 1990 (with the subsequent changes) and executing public tasks on its own behalf and on its own responsibility.
As the Given Shares represent 100% of the registered capital of Wisla Plock, they are significant assets in accordance with par. 2 section 1 point 52 and section 5 of the Polish Regulation of the Minister of Finance dated 19 October 2005, on current and periodic information to be published by issuers of securities.
