1. Following the sale on 18 December 2014 by the State Treasury of the shares it held in the Company, the procedure for making shares in “Elektromontaż Poznań S.A.” available free of charge to eligible employees is hereby initiated
2. Employees, pensioners and disability pensioners who, by 25 July 2000, their intention to acquire shares free of charge and, following verification, were included on the list of those eligible to acquire shares free of charge. This list comprises 1,017 employees.
3. The shares will be distributed free of charge to groups of employees selected on the basis of their total length of service at the state-owned enterprise PPiMUEB “Elektromontaż” in Poznań and at the company “Elektromontaż Poznań” S.A., established as a result of privatisation.
4. The list of eligible employees, covering periods of employment at the state-owned enterprise as well as at the Company, and the total period of employment, will be displayed on 30 January 2015 at the Company’s registered office, i.e. in Poznań at ul. Wieruszowska 12/16, in Office Block A, on the ground floor, on the notice board.
5. A notice regarding the date of the list’s display and the right to lodge complaints will be published on 28 January 2015 in Gazeta Wyborcza, Głos Wielkopolski and Gazeta Lubuska, and displayed on the notice board at the Company’s registered office.
6. Eligible employees whose period of employment with the Company has been incorrectly determined may, within 14 days of the list being displayed, i.e. by 13 February 2015, submit written complaints at the Company’s registered office, at the Management Board’s secretariat.
7. The complaint must be accompanied by documents certifying the period of employment with the Company.
The complaint will be considered within 14 days of its submission by a committee appointed by the Company’s Management Board. The consideration of the complaint concludes the complaints procedure.
Immediately after the complaint has been considered, the employee submitting the complaint will be notified in writing of the outcome.
8. Following the correction of the list referred to in point 4, the Company shall draw up a list of eligible employees divided into groups based on their total length of service.
9. Groups of eligible employees shall be distinguished on the basis of the following periods of employment:
1) up to 1 year;
2) over 1 year to 3 years;
3) over 3 years to 6 years;
4) over 6 years up to 9 years;
5) over 9 years up to 12 years;
6) over 12 years up to 15 years;
7) over 15 years up to 18 years;
8) over 18 years up to 21 years;
9) over 21 years of age to 24 years of age;
10) over 24 years of age
10. The Company’s Management Board, in consultation with the trade unions operating within the Company, shall determine the number of shares allocated to each of the distinct groups.
Within each group, eligible employees shall receive an equal number of shares.
11. Following the completion of the activities referred to in points 8 and 10, the Company’s Management Board shall draw up a final list of eligible employees, supplemented by the number of shares to which each employee is entitled.
12. Eligible employees are entitled to a total of 397,500 shares.
13. Once the final list of eligible employees has been drawn up, a notice will be published in a national newspaper and a local newspaper, as well as on the notice board at the Company’s registered office, announcing the commencement of the free-of-charge allocation of shares, the date and place of the agreement, and other information regarding the issue of shares.
14. The right to acquire the Company’s shares free of charge may be exercised until 20 March 2017.
Upon expiry of this deadline, the right to acquire shares free of charge shall lapse.
15. The free-of-charge sale of shares to eligible employees shall take place on the basis of a written agreement.
16. The right to acquire the Company’s shares free of charge may be exercised in only one company. Prior to acquiring the shares, the eligible person shall submit a declaration stating that they have not exercised the right to acquire shares free of charge in another company.
17. The right to acquire shares free of charge is inheritable.
18. Shares acquired free of charge by eligible employees may not be traded (sold) before the expiry of two years from 18 December 2014, and shares acquired by employees acting as Members of the Company’s Management Board may not be traded (sold) before the expiry of three years from 18 December 2014.
19. In the event of the sale of shares acquired free of charge, the proceeds from the sale of the shares are subject to personal income tax. The tax is settled in the annual tax return submitted by the end of April of the year following the year of sale.
20. Further information regarding the acquisition of shares free of charge can be obtained from Monday to Friday between 9:00 and 15:00 at the Management Board Office – room 305 or by telephone on: 662 090 011.