The Board of Directors of WESTA ISIC S.A. informs that according to the Luxembourg law of 28 July 2014 on the mandatory deposit and immobilisation of bearer shares and units (the “Law”) entered into force on 18 August 2014, all bearer shares of the Company already in issue need to be deposited with a professional depositary in Luxembourg appointed by the issuer within 18 months of the entering into force of the Law, that is by 18 February 2016.

 

According to transitory provisions of the Law starting from 19 February 2015 voting and financial rights (such as distribution rights and rights to payment of redemption proceeds) attached to bearer shares which have not been deposited within 6 months after the entry into force of the Law automatically suspend, respectively defer, until their deposit. The relevant bearer shares will not be counted for the calculation of the quorum and of majorities during general meetings of the Company. Holders of such shares are not admitted to the general meetings.

 

All bearer shares not deposited by 18 February 2016 shall be cancelled and a corresponding reduction of share capital of the Company must be decided.

 

The Company will arrange the transfer of bearer shares from National depository for securities in Poland to the new depository in Luxembourg as soon as possible.

 

Legal grounds: Art. 56.1 in connection with article 56.6 of the Act of 29 July 2005 on the public offering, conditions governing the introduction of financial instruments to organized trading system and on public companies.