Registration of a change in the share capital of the company “Zagłębie” Lubin Sportowa Spółka Akcyjna

Wednesday, 14 June, 2006

The Management Board of KGHM Polska Miedź S.A. announces that on 2 June 2006 a change in share capital was registered in the Regional Court for Wrocław-Fabryczna in Wrocław, Section IX, Economic, of the National Court of Registrations by the company “Zagłębie” Lubin Sportowa Spółka Akcyjna with its registered head office in Lubin (prior to the registration KGHM Polska Miedź S.A. owned 41% of the share capital of “Zagłębie” Lubin SSA). The share capital of “Zagłębie” Lubin Sportowa Spółka Akcyjna was increased by PLN 9 560 thousand through the creation of 9 560 shares having a face value of PLN 1000 each. 

All of the new shares were acquired by KGHM Polska Miedź S.A. at their face value, i.e. PLN 1000 each. These shares were paid for by a cash payment. The shares acquired represent 64.80% of the share capital of “Zagłębie” Lubin Sportowa Spółka Akcyjna and grant the right to the same number of votes. The carrying value of these assets in the accounts of KGHM Polska Miedź S.A. is PLN 9 560 thousand.

Currently the share capital of “Zagłębie” Lubin Sportowa Spółka Akcyjna amounts to PLN 14 753 thousand and is divided into PLN 14 753 shares of PLN 1000 each. The total number of votes arising from all created shares after registration of this change in share capital is 14 753.

Following registration of the change in the share capital of “Zagłębie” Lubin Sportowa Spółka Akcyjna, the share of KGHM Polska Miedź S.A. Group entities in the share capital of “Zagłębie” Lubin Sportowa Spółka Akcyjna is as follows:

  • PHP "Mercus"-Sp. z o.o. owns 2 000 shares, representing 13.56 % of the share capital of "Zagłębie" Lubin Sportowa Spółka Akcyjna and granting the right to the same number of votes at the General Meeting.
  • KGHM Polska Miedź S.A. owns 11 689 shares, representing 79.23% of the share capital of "Zagłębie" Lubin Sportowa Spółka Akcyjna and granting the right to the same number of votes at the General Meeting.

These assets were acquired using the internal funds of KGHM Polska Miedź S.A.

The assets acquired are of a long-term, equity investment nature.

The criteria used for describing the assets as significant is that the financial assets acquired by KGHM Polska Miedź S.A. exceeds 20% of the share capital of “Zagłębie” Lubin Sportowa Spółka Akcyjna.  

Legal basis: § 5 sec. 1 points 1 and 9 of the Decree of the Minister of Finance dated 19 October 2005 regarding current and periodic information published by issuers of securities (Journal of Laws from 2005 Nr 209, item 1744)