Equity investments
Share capital increase at AGROCHEM Sp. z o.o.
The Extraordinary General Meeting of the company held on January 22nd 2015 passed a resolution to increase the company’s share capital by PLN 19,500 thousand, to PLN 20,000 thousand, through an issue of 39,000 new shares with a par value of PLN 500 per share; the new shares to be paid for with cash. All new shares were subscribed for by the company’s sole shareholder, Grupa Azoty PUŁAWY, and paid for in full with cash. These changes were registered with the National Court Register on June 29th 2015.
Share capital increase at MEDICAL Sp. z o.o.
The Extraordinary General Meeting of the company held on January 30th 2015 passed a resolution to increase the company’s share capital by PLN 844 thousand, to PLN 1,917.7 thousand. The new shares will be paid for with a non-cash contribution in the form of the ownership title to a unit and an interest in the common part of property and in the perpetual usufruct right to the plot on which the property is situated. The increased portion of the company’s share capital was subscribed for by Grupa Azoty PUŁAWY. These changes were registered with the National Court Register on April 13th 2015.
Share capital increase at Zakłady Azotowe Chorzów S.A.
On April 23rd 2015, the Annual General Meeting of the company passed a resolution to increase the company’s share capital by PLN 28,700 thousand, to PLN 58,700 thousand. Series B shares with a total par value of PLN 28,700 thousand were subscribed and paid for in full with cash by Grupa Azoty PUŁAWY. These changes were registered with the National Court Register on June 19th 2015.
Share capital increase at GZNF Fosfory Sp. z o.o.
The Extraordinary General Meeting of GZNF Fosfory Sp. z o.o. of Gdańsk held on January 28th 2015 passed a resolution to increase the company’s share capital by PLN 30,000 thousand, to PLN 59,003.4 thousand.
Grupa Azoty PUŁAWY subscribed for shares with a total par value of PLN 29,529 thousand and paid for them in cash, and subsequently, on October 28th 2015, subscribed for shares with a total par value of PLN 471 thousand and paid for them in cash. These changes were registered with the National Court Register on December 1st 2015.
Establishment of PDH Polska Spółka Akcyjna
On September 10th 2015, a company under the name of PDH Polska Spółka Akcyjna of Police was established; the company’s entire share capital of PLN 60,000 thousand was subscribed for by Grupa Azoty POLICE.
The company was established in connection with the project to construct a PDH propylene production unit with related infrastructure. On September 24th 2015, PDH Polska Spółka Akcyjna was entered in the Register of Entrepreneurs of the National Court Register.
Share capital increase at Grupa Azoty Folie Sp. z o.o.
The Extraordinary General Meeting of Grupa Azoty Folie Sp. z o.o., held on September 11th 2015, passed a resolution to increase the company’s share capital by PLN 5,495 thousand, to PLN 5,500 thousand. The increase was registered in the National Court Register.
On October 1st 2015, the Parent subscribed for shares with a total par value of PLN 5,495 thousand and paid for them in cash.
Share capital increase at Elektrownia Puławy Sp. z o.o.
The Extraordinary General Meeting of the company, held on November 17th 2015, passed a resolution to increase the company’s share capital by PLN 70,000 thousand, from PLN 22,148 thousand to PLN 92,148 thousand, by issuing 70,000 new shares with a par value of PLN 1 thousand per share. All new shares were subscribed for by the company’s sole shareholder, Grupa Azoty PUŁAWY, and paid for in full with cash.
These changes were registered with the National Court Register on December 21st 2015.
Acquisition of employee shares in Grupa Azoty SIARKOPOL
In accordance with the provisions of the agreement on sale of shares in Grupa Azoty SIARKOPOL of September 25th 2013 and the provisions of the Social Package, since November 2015, the Parent has been buying out shares held by employees of Grupa Azoty SIARKOPOL and their heirs. Up to 825,000 shares are to be purchased as part of the buy-out. As at December 31st 2015, the Parent purchased 176,017 shares; consequently, its share in Grupa Azoty SIARKOPOL’s share capital increased from 85% to 88.20%.
By the date of release of the 2015 report, the Parent executed the following transactions to purchase shares in Grupa Azoty SIARKOPOL:
- On January 14th 2016, it purchased 68,119 shares for PLN 68.45 per share and for a total amount of PLN 4,663 thousand, thus increasing its interest in the company’s share capital to 89.44%;
- On February 9th 2016, it purchased 187,410 shares for PLN 68.45 per share and for a total amount of PLN 12,828 thousand, thus increasing its interest in the company’s share capital to 92.85%;
- On March 1st 2016, it purchased 187,759 shares for PLN 68.45 per share and for a total amount of PLN 12,852 thousand, thus increasing its interest in the company’s share capital to 96.26%;
Share capital increase at Grupa Azoty Automatyka Sp. z o.o.
The Extraordinary General Meeting of Grupa Azoty Automatyka Sp. z o.o., held on December 17th 2015, passed a resolution to increase the share capital of Grupa Azoty Automatyka Sp. z o.o. by PLN 107 thousand, to PLN 4,654 thousand, by issuing 214 new shares with a par value of PLN 500 per share, to be subscribed for by new shareholders (the company’s employees), with the pre-emptive rights of the existing shareholders waived. The increase was registered with the National Court Register on January 27th 2016.
