Report 4/2023 New issue of D shares
The Management Board of STS Holding S.A. (the “Company”) informs that pursuant to the provisions of the Incentive Program Regulations of STS Holding S.A. (“Regulations”) and the law, on 30 March 2023, it adopted Resolution No. 3 on increasing the Company’s share capital by way of issuing new shares under series D, depriving the existing shareholders of the company of all pre-emptive rights and registering the Company’s shares in the depository of securities kept by the National Depository for Securities [Krajowy Depozyt Papierów Wartościowych S.A.] and applying for admission and introduction of these shares to trading on the regulated market kept by the Warsaw Stock Exchange [Giełda Papierów Wartościowych S.A.]
The Management Board of the Company was authorised to adopt the above resolution based on the authorisation contained in the resolution of the General Meeting of Shareholders of 21 October 2021. Complying with the requirements of the law, on 28 March 2023, the Company’s Supervisory Board adopted a resolution to approve an increase of the share capital within the limits of the authorised capital, excluding subscription rights for existing Shareholders in full.
In connection with the launch of the “STS Holding S.A. Incentive Program” by the Company, the share capital of the Company was increased within the limits of the authorised capital by the amount of PLN 191,000, i.e. from PLN 156,534,958 (one hundred fifty six million five hundred thirty four thousand nine hundred fifty eight Polish zloty 00/100 ) up to PLN 156,725,958 (one hundred fifty six million seven hundred twenty five thousand nine hundred fifty eight Polish zloty 00/100 ).
The share capital is increased within the limits of the authorised capital by issuing new shares under series D ordinary bearer shares in the number of 191,000 (say: one hundred and ninety one thousand Polish zloty 00/100) shares numbered from D 144,961 to D 335,960 with a nominal value of PLN 1.00 (one Polish zloty) each and with the issue price of PLN 1.00 (one zloty) per one share.
The new shares under series D were offered to 14 key managers of the STS Group in accordance with the terms and conditions of the “Regulations”.
Legal basis: Art. 17 sec. 1 MAR – confidential information