| | POLISH FINANCIAL SUPERVISION AUTHORITY | |
| |
| | | UNI - EN REPORT No | 19 | / | 2011 |
| | |
| | Date of issue: | 2011-04-05 | | | | | | | | |
| | Short name of the issuer | | | | | | | |
| | KERNEL HOLDING S.A. | |
| | Subject | | | | | | | | | | |
| | DISPOSAL OF A SUBSTANTIAL BLOCK OF SHARES IN KERNEL HOLDING S.A. | |
| | Official market - legal basis | | | | | | |
| | Art. 70 pkt 1 Ustawy o ofercie - nabycie lub zbycie znacznego pakietu akcji
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| | Unofficial market - legal basis | | | | | |
| | Contents of the report: | | | | | | | | |
| | Kernel Holding S.A. informs that it has received from Namsen Limited, 13 Agiou Prokopiu Street, Nicosia, Cyprus, the following notification regarding disposal of shares in Kernel Holding S.A.:
"In accordance with article 69.2.2 of the Act of July 29, 2005 on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organized Trading, and Public Companies, as amended, Namsen Limited, with its seat in Nicosia, Cyprus ("Shareholder"), hereby notifies that it disposed of shares in Kernel Holding S.A. with its seat in Luxembourg (the "Company"), as a result of which its shareholding in the Company decreased by more than 1% of the total votes in the Company
On 4 April 2011 the Shareholder disposed of 5,400,000 shares in the Company, constituting 7.33% of the share capital and representing 5,400,000 votes at the general meeting, constituting 7.33% of the total number of votes (the "Transaction"). The transfer of shares was made off the regulated market.
Before the disposal of shares Namsen Limited owned 29,981,529 shares in the Company, constituting 40.69% of the share capital, and representing 29,981,529 votes, constituting 40.69% of total votes in the Company.
After the disposal of shares Namsen Limited owns 24,581,529 shares in the Company, constituting 33.37% of the share capital, and representing 24,581,529 votes, constituting 33.37% of total votes in the Company.
The Transaction was made in performance of a agreement for loan of shares in the Company, in which the Shareholder was the lender. The shares were lent to ING Bank N.V., London Branch to facilitate the settlement of an offering of the Company's shares to institutional investors, of which the Company informed in current report No 17/2011. In connection with the offering, the Company undertook to issue new shares in a number equal to the number of shares disposed by the Shareholder in the Transaction, and to offer such new shares for subscription by the Shareholder. After subscription of new shares, which is expected to occur in May 2011, the number of shares held by the Shareholder would be the same as before the Transaction.
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| | Annexes | | | | | | | | | | |
| | File | Description | |
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