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Northcoast

History of transactions in shares

On 24 March 2006, the Company received a resolution No 137/06 dated 24 March 2006, in which the Management Board of the Central Securities Depository of Poland S.A. (KDPW) decided to award the company NORTH COAST S.A. a status of a participant of Central Securities Depository of Poland of the ISSUER type and accept in the depository:

1. 15.000.000 (fifteen million) of common bearer shares of B Series in the company NORTH COAST S.A. of nominal value equal to PLN0.02 (two groszes) each and to assign them a code PLNRTHC00014, on the condition of accepting the shares for turnover on the regulated market;

2. Up to 7.000.000 (seven million) rights to common bearer shares of C Series in the company NORTH COAST S.A. of nominal value equal to PLN0.02 (two groszes) each, issued based on the resolution No 6/2005 of the Extraordinary Shareholders Meeting NORTH COAST S.A. dated 25 October 2005 and to assign them a code PLNRTHC00022, on the condition of the actual issue and allotment of those shares;

3. Up to 7.000.000 (seven million) of common bearer shares of C Series in the company NORTH COAST S.A. of nominal value equal to PLN0.02 (two groszes) each, issued based on the resolution No 6/2005 of the Extraordinary Shareholders Meeting NORTH COAST S.A. dated 25 October 2005 and to assign them a code  PLNRTHC00014, on the condition that:

a) The increase in the share capital of the company NORTH COAST S.A. resulting from the issue of the pertaining shares had been registered with the register of companies, and

b) Warsaw Stock Exchange S.A. in Warsaw (WSE S.A.) passed a decision on admission to trading on the regulated market of C Series shares in NORTH COAST S.A., if the decision was to be taken after the WSE S.A. in Warsaw had decided to admit to trading B series shares in NORTH COAST S.A. on the same regulated market.

 

Under the resolution of the Management Board of Warsaw Stock Exchange S.A. No 93/2006 dated 25 April 2006, admittance to trading on the main market encompassed 15.000.000 (fifteen million) of B series shares of nominal value equal  to PLN0.02 (two groszes), 7.000.000 (seven million) of C series shares of nominal value equal to PLN0.02 (two groszes), on the condition of registering the share capital resulting from the issue of C series of shares and 7.000.000 (seven million) rights to C series shares.

On 7 April 2006, the Management Board of Warsaw Stock Exchange passed the following resolutions:

Resolution No 98/2006 concerning the admittance to trading on the main market of 7.000.000 (seven million) rights to common bearer shares of C series in NORTH COAST S.A., of nominal value equal to PLN0.02 (two groszes) each, to which Central Securities Depository of Poland (KDPW) assigned the code "PLNRTHC00022". The first listing of rights to common bearer shares of C series shall take place on a trading day on 10 April 2006.

The rights to common bearer shares of C series in NORTH COAST S.A. shall be listed in the continuous trading system of the abbreviated name "NORTCOAST–PDA" with a designation "NCTA".

Resolution No 99/2006 concerning admission as of 10 April 2006 under the ordinary procedure to trading on the main market of 15.000.000 (fifteen million) of common bearer shares of C series in NORTH COAST S.A., of nominal value equal to PLN0.02 (two groszes) each, to which the Central Securities Depository of Poland (KDPW) assigned the code "PLNRTHC00014". The first listing of the above-mentioned shares shall take place on a trading day on 10 April 2006.

Under the resolution No 155/2006 dated 26 May 2006, the Management Board of Warsaw Stock Exchange S.A., subject to § 44 Chapter I Detailed Exchange Trading Rules, stipulated that 31 May 2006 shall be the last listing day of 7.000.000 rights to common bearer shares of C series in NORTH COAST S.A. of nominal value equal to PLN0.02 (two groszes) each, to which the Central Securities Depository of Poland S.A. (KDPW) assigned the code “PLNRTHC00022".

Furthermore, under the Resolution No 156/2006 dated 26 May 2006, the Management Board, in line with the Resolution No 93/2006 dated 5 April 2006 and § 37 subparagraph 2 of the WSE Regulations, decided to admit to trading on the main market on 1 June 2006, under the ordinary procedure, 7.000.000 common bearer shares of C series in NORTH COAST S.A. of the value equal to PLN0.02 (two groszes) each, on the condition that on 1 June 2006 the Central Securities Depository of Poland S.A. (KDPW) registers the above-mentioned shares in NORTH COAST S.A. and assigns them a code “PLNRTHC00014".

Common bearer sharers of C series in NORTH COAST S.A. are listed under the continuous trading system under an abbreviated name “NORTCOAST” with a designation “NCT”.

On 2 June 2006, North Coast S.A. received a Notice from the Operational Department of the Central Securities Depository of Poland S.A. dated 30 May 2006. The Notice informed that pursuant to the Resolution No 137/06 of the Management Board of the Central Securities Depository of Poland S.A. as of 24 March 2006 and upon the company’s motion, 7.000.000 of common bearer shares of C series in NORTH COAST S.A. would be registered with the assigned code PLNRTHC00014 in KDPW participants’ accounts on 1 June 2006.

Total number of common bearer shares registered under the code PLNRHTC00014 amounts to 22.000.000. The pertaining registration shall be conducted under a depository and settlement system through the acquisition of the until now registered rights to shares (PDA) with the assigned code PLNRTHC00022.

On 18 August 2014, the Management Board North Coast S.A. received a copy of the ruling of the District Court for Warsaw in Warsaw XIV Commercial Division dated 6 August 2014, on the basis of which on 7 August 2014 a change in the capital structure of the issuer was entered into the register of companies of the National Court Register (KRS) pursuant to the Resolution No 15/2014 dated 30 June 2014 concerning consolidation of the company’s shares, consisting in:

  • Reduction of total number of shares of the Issuer from 32.000.000 to 3.200.000;
  • Increasing the nominal value of one share from PLN0.02 to PLN0.2;
  • Reduction of the number of A series shares from 10.000.000 to 1.000.000;
  • Reduction of the number of B series shares from 15.000.000 to 1.500.000;
  • Reduction of the number of C series shares from 7.000.000 to 700.000;

The share capital value has not been changed and equals to PLN640.000

In the result of the change in capital structure, it encompasses 3.200.000 shares, including:

  • 1.000.000 preferred bearer shares of A series;
  • 1.500.000 common bearer shares of B series;
  • 700.000 common bearer shares of C series;

Which gives a total of 4.200.000 votes. 

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