The Management Board of Jastrzębska Spółka Węglowa („Company”) hereby publishes information concerning the Company’s initial public offering of shares („IPO”).
1) Date of commencing and completing the subscription or sale:
Subscriptions submitted by individual investors were accepted in the period between 14 June 2011 and 27 June 2011; subscriptions submitted by eligible persons were accepted in the period between 14 June 2011 and 24 June 2011; and subscriptions submitted by institutional investors were accepted in the period between 29 June 2011 and 1 July 2011.
2) Date of allocating securities:
The shares were allocated on 4 July 2011.
3) The number of securities subscribed or sold:
39,496,196 shares were sold, including:
(i) 30,170,616 series A shares,
(ii) 9,325,580 series B shares.
4) The rate of reduction in the individual tranches in the event that the number of allocated securities was lower, even in a single tranche than the number of securities for which subscriptions were submitted:
No reduction was applied to any of the investor groups.
5) Number of securities for which subscriptions were submitted in the process of subscription or sale:
(i) individual investors submitted subscriptions for 10,118,563 shares (with subscriptions for 1,176 shares being retracted, hence the number of shares allocated to individual investors is duly lower – see item 6) (i) below);
(ii) eligible persons submitted subscriptions for 499,904 shares;
(iii) institutional investors submitted subscriptions for 28,878,905 shares.
6) Number of securities allocated in the process of subscription or sale:
39,496,196 shares were allocated to investors, including:
(i) 10,117,387 Company shares were allocated to individual investors,
(ii) 499,904 Company shares were allocated to eligible persons,
(iii) 28,878,905 Company shares were allocated to institutional investors.
7) The price at which the securities were purchased (subscribed for):
Shares were purchased for a price of PLN 136.00 per share.
8) The number of persons who submitted subscriptions for securities under the subscription or sale in the various tranches:
168,892 investors in total submitted subscriptions in this sale, including:
(i) 161,695 individual investors (with 19 individual investors retracting their submitted subscriptions, hence the number of individual investors to whom shares were allocated is duly lower – see item 9) (i) below),
(ii) 6,959 eligible persons,
(iii) 238 institutional investors.
9) The number of persons to whom securities were allocated under this subscription or sale in the various tranches:
Company shares were allocated to 168,873 investors in total under this sale, including:
(i) 161,676 individual investors,
(ii) 6,959 eligible persons,
(iii) 238 institutional investors.
10) Name (business name) of the underwriters who subscribed for securities under standby underwriting agreements, with a specification of the number of securities for which they subscribed and the actual price per share (issue or sales price after deducting the fee for subscribing for a share, to perform the underwriting agreement, as purchased by the underwriter):
No standby underwriting was performed.
11) Value of the subscription or sale understood to mean the product of the number of securities in the IPO and the issue or sales price:
The value of the sale was PLN 5,371,482,656.
12) Statement of total expenses included in the expenses incurred to conduct the IPO with an indication of the expenses by nature, broken down at least by expenses:
According to the Company’s estimates, the expenses incurred in conjunction with the IPO will be approximately PLN 14 million. These expenses include in particular the following expenses: preparing and conducting the IPO, underwriters’ fees, drafting the prospectus and other expenses related to the IPO stemming from the regulations of law, including costs of advisory services and promoting the IPO. These estimates do not include the expenses incurred by the State Treasury of the Republic of Poland.
Having regard for not having a final settlement of the IPO costs as at the date of transmitting this report, the amount of the costs of the IPO has been estimated according to the Company’s best knowledge. The Company will transmit a Current Report concerning the final costs of the IPO after making a settlement of all the invoices from the entities involved in the Company’s IPO process. The costs incurred by the Company in conjunction with the IPO will be debited to the Company’s operating expenses.
13) The average cost of conducting the subscription or sale per share in the subscription or sale:
According to estimates – the projected cost of conducting the sale per share is approximately PLN 0.35. This amount does not include the expenses incurred by the State Treasury of the Republic of Poland.
Having regard for not having a final settlement of the IPO costs as at the date of transmitting this report, the average cost of conducting the IPO per share has been estimated according to the Company’s best knowledge. The Company will transmit a Current Report concerning the average cost of the IPO per share after determining the final expenses incurred in conjunction with conducting the Company’s IPO.
Legal Basis: § 33 item 1 of the Regulation issued by the Finance Minister on 19 February 2009 on the Current and Periodic Information Transmitted by Securities Issuers and the Conditions for