Assumption of company shares
Current report 48/2006 dated 13.11.2006
The Management Board of ATM S.A. inform to have assumed today 5,200 shares in the share capital of its subsidiary ATM Mobile sp. z o.o. having its registered office in Warsaw.
The shares shall be assumed as a result of the share capital increase in ATM Mobile sp. z o.o., and shall be paid up with cash. The nominal value of each share assumed by the Company is PLN 500, and their total value is PLN 2,600,000. The shares have been acquired out of the Company’s own funds.
The investment in the company shares is of a long-term nature. The funds contributed were spent in full on increasing the share capital of mPay S.A. from PLN 1.4 million to PLN 4 million. Increasing the capital of mPay S.A. is intended to provide the company with funds for starting commercial mobile payment services, and for meeting financial conditions necessary to obtain the billing agent status.
The shareholding of the Company in the increased share capital of ATM Mobile sp. z o.o. shall be 57.66 %. The number of votes at the General Meeting of Shareholders is the same.
The only ties between ATM S.A. and ATM Mobile sp. z o.o. are the capital share of ATM S.A. in the subsidiary, and performing the function of president of the management board of ATM Mobile sp. z o.o. by the Vice-President of the Management Board of ATM S.A. Tadeusz Czichon.
The criterion being the basis for considering the assets significant is the excess of 20% of the share capital of ATM Mobile sp. z o.o.
Roman Szwed — President of the Management Board,
Tadeusz Czichon — Vice-President of the Management Board