The total number of shares of Echo Investment S.A. is 420.000.000
Nominal value of 1 share = PLN 0.05
All the shares give the same rights to shareholders.
One share gives a shareholder one voting right at the General Meeting of Shareholders.
| Series | Number of shares | Nominal value total | Class of shares | Date of shares registration by court | Date of listing on the Warsaw Stock Exchange |
| A. | 1.600.000 | 80.000 | Ordinary bearer shares | 30.06.1994 | 10.08.2006 |
| B. | 38.400.000 | 1.920.000 | Ordinary bearer shares | 30.06.1994 | 21.02.1996 |
| C. | 20.000.000 | 1.000.000 | Ordinary bearer shares | 13.11.1995 | 21.02.1996 |
| D. | 60.000.000 | 3.000.000 | Ordinary bearer shares | 18.02.1997 | 27.03.1997 |
| E. | 20.000.000 | 1.000.000 | Ordinary bearer shares | 30.12.1997 | 02.03.1998 |
| F. | 280.000.000 | 14.000.000 | Ordinary bearer shares | 26.11.2002 | 20.12.2002 |
| Total: | 420.000.000 | 21.000.000 |
History of issues
|
List of shares issued by the company |
||||||||
|
Series |
Number of shares |
Issued price |
Value of issue |
|
Type of issue |
|
Date of issue registration by court |
Date of listing on the stock exchange |
|
A |
40.000 |
1 |
40.000 |
non-cash contribution |
closed |
NO |
30.06.1994 |
10.08.2006 |
|
B |
960.000 |
1 |
960.000 |
cash |
preemptive right |
YES |
30.06.1994 |
21.02.1996 |
|
C |
500.000 |
5 |
2.500.000 |
cash |
open |
YES |
13.11.1995 |
21.02.1996 |
|
D |
1.500.000 |
6 |
9.000.000 |
cash |
preemptive right |
YES |
18.02.1997 |
27.03.1997 |
|
E |
500.000 |
80 |
40.000.000 |
cash |
open |
YES |
30.12.1997 |
02.03.1998 |
|
F |
7.000.000 |
10 |
70.000.000 |
cash |
preemptive right |
YES |
26.11.2002 |
20.12.2002 |
The issuer is the legal successor of ECHO PRESS Sp. z o.o., which was registered on July 23, 1992 to the Commercial Register of the District Court in Kielce under number RHB 1568.
The share capital of ECHO PRESS Sp. z o.o., the predecessor of the Issuer, was PLN 40,000 (400,000,000 old zlotys), divided into 100 equal shares with a value of PLN 400 (4,000,000 old zlotys) each.
The Meeting of Shareholders of ECHO PRESS Sp. z o.o. in Kielce, which was held in Kielce on June 30, 1994 in the Notary Office of Notary Jacek Frelich and was documented by the Notary in the form of a Notarial Deed (Repertory A 4162/94), adopted a resolution on transformation of this company into ECHO PRESS Spółka Akcyjna w Kielcach [ECHO PRESS Joint Stock Company in Kielce), along with taking a decision on increasing the share capital to the amount of PLN 1,000,000 (10,000,000,000 old zlotys), divided into:
40,000 ordinary registered shares series A with nominal value of PLN 1.00 each issued to existing partners in exchange for non-cash contributions in the form of shares in the transformed Limited Liability Company, as follows:
- Michał Sołowow - took up 16,000 registered shares series A in exchange for 40 shares with a value of PLN 400 each and a total value of PLN 16,000,
- Emilian Baran - took up 12,000 registered shares series A in exchange for 30 shares with a value of PLN 400 each and
a total value of PLN 12,000, - Wojciech Ciesielski - took up 12,000 registered shares series A in exchange for 30 shares with a value of PLN 400 each and a total value of PLN 12,000,
960,000 ordinary bearer shares series B with nominal value and issue price PLN 1.00 each, taken up by existing partners
in exchange for cash contributions, in the following proportions:
- Michał Sołowow - took up 384,000 series B shares,
- Emilian Baran - took up 288,000 series B shares,
- Wojciech Ciesielski - took up 288,000 series B shares.
Pursuant to the above mentioned resolution and a request filed by the Management Boards of the Companies, on June 30, 1994 the District Court in Kielce deleted ECHO PRESS Sp. z o.o. in Kielce from the commercial register.
Pursuant to the above mentioned resolution and a request filed by the Management Boards of the Companies, on June 30, 1994 the District Court in Kielce recorded ECHO PRESS Spółka Akcyjna in Kielce in the commercial register in section B under number 2054.
On August 12, 1994 an Extraordinary General Meeting of Shareholders of ECHO PRESS S.A. adopted a resolution no. I/94
on increasing the share capital with an amount ranging from PLN 250,000 to PLN 500,000 in the course of public subscription through issue of 250,000 to 500,000 ordinary bearer shares series C.
On June 1, 1995, in the course of decision No. RF-411-52/94-17/95 the Exchange Commission accepted the Company’s series B shares and series C shares offered in public subscription to public trade. The opening date for the public subscription was set out on September 4, 1995 and the closing date on September 22, 1995.
As a result of public subscription held at the given time, 500,000 series C shares of the Company were properly subscribed and paid, for an issue price of PLN 5 for each share.
In the course of a decision as of November 13, 1995, the District Court in Kielce made an entry in the commercial register on increasing the Company is share capital to the amount of PLN 1,500,000, divided into:
- 40,000 series A ordinary registered shares,
- 960,000 series B ordinary bearer shares,
- 500,000 series C ordinary bearer shares,
all shares having a nominal value of PLN 1 each.
On December 18, 1995 an Extraordinary General Meeting of Shareholders of ECHO PRESS S.A. adopted a resolution no. 2
on increasing the share capital of the Company from the amount of PLN 1,500,000 to PLN 3,000,000 through increasing the nominal value of all series A, B and C shares in the quantity of 1,500,000 from PLN 1 to PLN 2. The increased share capital was covered through transfer of an amount of PLN 1,500,000 from the Company’s reserve capital to share capital.
In the course of a decision as of December 22, 1995, the District Court in Kielce made an entry in the commercial register
on increasing the Company’s share capital.
On June 27, 1996 an Ordinary General Meeting of Shareholders adopted a resolution on increasing the share capital with
an amount of PLN 3,000,000 through issue of 1,500,000 D series bearer shares. The issue price for the D series shares was established as PLN 6. The series D bearer shares were issued through proper subscription and paying up these shares in the course of a public subscription held at the 1st deadline for execution of the preemptive right, between November 4 and November 25, 1995, and at the 2nd deadline for execution of the preemptive right, between December 16, 1996 and January 2, 1997.
In the course of a decision as of 18.02.97, the District Court in Kielce, Economic Department, Registration Section, made
an entry in the commercial register on increasing the Company’s share capital to the amount of PLN 6,000,000.
On May 28, 1997 an Ordinary General Meeting of Shareholders adopted the following resolutions:
on transforming 40,000 series A registered founder shares with nominal value of PLN 2 each into 40,000 series A ordinary bearer shares with nominal value of PLN 2 each. In the course of a decision as of June 24, 1997, the District Court in Kielce, Economic Department, Registration Section, made an entry in the commercial register on transformation of series A shares into ordinary bearer shares.
On increasing the share capital of the company by an amount of PLN 1,000,000 through issues of 500,000 series E ordinary bearer shares with nominal value of PLN 2.00 each. The issue price for the E series shares was established as PLN 80.00. In the course of public subscription held between December 8 and December 19, 1997, 500,000 series A shares of the Company were properly subscribed and paid up for an issue price of PLN 80.00 per share.
In the course of a decision as of December 30, 1997, the District Court in Kielce made an entry in the commercial register
on increasing the Company’s share capital to the amount of PLN 7,000,000.
On August 12, 2002 an Extraordinary General Meeting of Shareholders adopted a resolution on increasing the share capital with an amount of PLN 14,000,000 through issue of 7,000,000 F series bearer shares with maintenance of preemptive right. The issue price for the F series shares was established as PLN 10. The F series bearer shares were issued through proper subscription and paying up these shares in the course of public subscription held between October 9 and October 31, 2002.
On November 26, 2002, the District Court in Kielce, 10th Economic Department of the National Court Register, recorded
an increase of the Company’s share capital.
Following registration of the issue, the share capital of Echo Investment S.A. equals PLN 21,000,000 and is divided into:
- 40,000 series A ordinary bearer shares,
- 60,000 series B ordinary bearer shares,
- 500,000 series C ordinary bearer shares,
- 1,500,000 series D ordinary bearer shares,
- 500,000 series E ordinary bearer shares,
- 7,000,000 series F ordinary bearer shares,
all shares having a nominal value of PLN 2.00 each.
On May 30, 2006 the Ordinary General Meeting of Shareholders of Echo Investment S.A. passed the following resolutions:
On changing the current number of the Company’s shares through dividing their nominal values in the proportion of 1:4 so that the current PLN 2 nominal value of each share is now determined as PLN 0.50 (fifty grosz) per share. In the course of a decision as of July 11, 2006, the District Court in Kielce, Economic Department of the National Court Register in Kielce made an entry in the commercial register on dividing the nominal value of the company’s shares in the proportion of 1:4.
On introduction of 40,000 series A shares (160,000 following registration by the registry court of the change in the Articles)
to trade on regulated marked at the Warsaw Stock Exchange Joint Stock Company. Series A shares shall have dematerialized form. The Management Board of the Company has been authorized and obliged by the General Meeting of Shareholders of the Company to take all action required for performance of this Resolution.
On July 11, 2006, the District Court in Kielce, 10th Economic Department of the National Court Register, recorded the division of shares in proportion of 1:4 without a change in the value of the Company’s share capital.
Following registration of the division of shares, the share capital of Echo Investment S.A. equals PLN 21,000,000 and is divided into:
- 160,000 (one hundred and sixty thousand) series A ordinary bearer shares,
- 3,840,000 (three million eight hundred and forty thousand) series B ordinary bearer shares,
- 2,000,000 (two million) series C ordinary bearer shares,
- 6,000,000 (six million) series D ordinary bearer shares,
- 2,000,000 (two million) series E ordinary bearer shares,
- 28,000,000 (twenty-eight million) series F ordinary bearer shares,
all shares with nominal value of PLN 0.50.
Pursuant to Resolution no. 273/2006 of the Management of Giełda Papierów Wartościowych w Warszawie S.A. (Warsaw Stock Exchange Joint Stock Company) as of August 2, 2006 the Management Board of GPW approved for trade on the basic market 160,000 series A ordinary bearer shares of Echo Investment SA, nominal value PLN 0.50 each. These shares shall be admitted to listing on the basic market by GPW SA in Warsaw in ordinary course as on August 10, 2006 with listed shares. Following listing the series A shares, the total number of listed shares will be 42,000,000.
On October 18, 2007 the Extraordinary General Meeting of Shareholders of Echo Investment S.A. enacted a resolution on changing the existing number of the Company’s shares through dividing their nominal values in the proportion of 1:10 so that the current PLN 2 nominal value of each share shall now be determined as PLN 0.05 per share. The value of initial capital of Echo Investment SA shall not be affected by the change.
On December 10, 2007, the District Court in Kielce, 10th Economic Department of the National Court Register, recorded the division of shares in proportion of 1:10 without a change in the value of the Company’s share capital.
Following registration of the division of shares, the share capital of Echo Investment S.A. equals PLN 21,000,000 and is divided into:
- 1,600,000 (one million and six hundred thousand) series A ordinary bearer shares,
- 38,400,000 (thirty eight million and four hundred thousand) series B ordinary bearer shares,
- 20,000,000 (twenty million) series C ordinary bearer shares,
- 60,000,000 (sixty million) series D ordinary bearer shares,
- 20,000,000 (twenty million) series E ordinary bearer shares,
- 280,000,000 (two hundred eighty million) series F ordinary bearer shares,
all shares with nominal value of PLN 0.05.
On the 20th of December 2007, Krajowy Depozyt Papierów Wartościowych SA (the National Depository for Securities) in Warsaw, acting on the basis of par. 86 and par. 2 section 1 and 4 of the Regulations of the National Depository for Securities, and by Resolution No. 904/07 from 20th December 2007, ruled that in connection with the change of the face value of shares of the company Echo Investment SA, the day of 31st December 2007 shall be the date of split of 42.000.000 shares of the company Echo Investment SA of the face value of 0,50 PLN per each share, designated with code PLECHPS00019 into 420.000.000 shares of the company Echo Investment SA of the face value of 0,05 PLN per each share. From the 31st December 2007, code PLECHPS00019 shall designate 420.000.000 shares of Echo Investment SA of the face value of 0,05 PLN for each share.