Reducing the threshold in major shareholdings - notification pursuant to Article 69 of the Act on public offering
The Management Board of Budimex S.A., acting on the basis of Article 70(1) of the Act of 29 July 2005 on public offering and conditions governing the introduction of financial instruments to organised trading and on public companies, has published a notification received from Powszechne Towarzystwo Emerytalne Allianz Polska S.A.
The text of the notification is available below:
Pursuant to Article 69 section 1(2) of the Act on public offering and conditions governing the introduction of financial instruments to organised trading and on public companies (consolidated text: Journal of Laws of 2022, item 2554), Powszechne Towarzystwo Emerytalne Allianz Polska S.A., managing Allianz Polska Otwarty Fundusz Emerytalny [open-end pension fund] (hereinafter referred to as: Allianz OFE) informs that as a result of the sale of the Company’s shares on 06.06.2023, the share in the share capital and in the total number of votes of Budimex S.A. in the account of Allianz OFE is less than 10%.
Before the sale of shares, the total balance in the account of Allianz OFE amounted to 2628458 of the Company’s shares, which represented the total shareholding of 10.30% in the Company’s share capital and gave the right to exercise 2628458 votes representing 10.30% of the total number of votes at the Company’s General Shareholders’ Meeting.
After the sale of shares, the total balance in the account of Allianz OFE amounted to 2551331 of the Company’s shares, which represented the total shareholding of 9.99% in the Company’s share capital and gave the right to exercise 2551331 votes representing 9.99% of the total number of votes at the Company’s General Shareholders’ Meeting.
At the same time, Powszechne Towarzystwo Emerytalne Allianz Polska S.A. announces that:
- it has no subsidiaries holding shares in the Company,
- the situation described in Article 69 section 4(6) of the Act is not the case here,
- it does not hold the financial instruments referred to in Article 69b section 1(1) and (2) of the Act either.
