Purchase of the substantial block of shares of TIM S.A.
Date |
2019-01-02 |
Current report no. |
1/2019 |
| TIM S.A. with its seat in Wrocław (hereinafter referred to as: “the Company”) acting pursuant to Article 70, section 1 of the Act on Public Offering, on Conditions for the Introduction of Financial Instruments to the Organized Trading System and on Public Companies informs that on 2 January 2019 the Board of TIM S.A. was notified that the following investment funds (hereinafter referred to as “the Funds”) managed by Rockbridge Towarzystwo Funduszy Inwestycyjnych S.A. with its seat in Warszawa (hereinafter referred to as: “the Association”) exceeded the threshold of 10% in the total number of votes at the General Meeting of the Company.
According to the notification from the Association, the increase of the possessed number of votes in the Company exceeding 10% is a result of taking over by the Association on 11 December 2018 from ALTUS TFI S.A. the management over the investment funds (hereinafter referred to as: “the Transaction”). According to the above-mentioned notification the composition of portfolio of the taken over investment funds include the Company’s shares in the number of 1,492,289 (one million, four hundred ninety two thousand, two hundred eighty nine) which constitute 6.72% of the share capital of the Company and allow to 1,492,289 (one million, four hundred ninety two thousand, two hundred eighty nine) votes at the General Meeting of Shareholders of the Company and represent 6.72% of the total number of votes in the Company. According to the notification to the Association, before the Transaction the Funds possessed jointly 1,093,842 (one million, ninety three thousand, eight hundred forty two) shares of TIM S.A. which constituted share of 4.93% in the share capital of the Company, entitled to 1,093,842 votes at the general Meeting of Shareholders of the Company, which constituted 4.93% of the total number of votes at the General Meeting of Shareholders of the Company. According to the above-mentioned notification, as of 14 December 2018, the Funds managed by the Association possessed in total 2,586,131 (two million, five hundred eighty six thousand, one hundred thirty one) shares of the Company which granted right to 2,586,131 votes at the General Meeting of Shareholders of the Company which constitute share of 11.65% in the share capital of TIM S.A. and in the total number of votes at the General Meeting of Shareholders of TIM S.A.. The total number of shares and votes at the GMS of TIM S.A. is 22,199,200. According to the statement of the Association, the Funds does not possess subsidiaries which posses shares of the Company, the Funds have not concluded contracts with third parties specified in Article 87, section 1, sub-section 3, letter c of the above-mentioned Act and the Funds are not entitled to voting right on shares of the Company in relation to the situation specified in Article 69, section 4, subsections 7 and 8 of the Act. |
SIGNATURES OF PERSONS REPRESENTING THE COMPANY
| 2019-01-02, Anna Słobodzian-Puła – Member of the Board 2019-01-02, Piotr Tokarczuk – Member of the Board |