The Management Board of Jastrzębska Spółka Węglowa Spółka Akcyjna
with its registered office in Jastrzębie-Zdrój
at the address: Al. Jana Pawła II 4,
44-330 Jastrzębie-Zdrój,
hereby advises that the right to acquire free of charge:
- series A shares (shares sold by the State Treasury to eligible employees of JSW S.A. pursuant to the Act of 30 August 1996 on Commercialization and Privatization);
- series C shares (shares sold to employees eligible for free-of-charge acquisition of shares pursuant to Resolution No. 3 adopted by the Extraordinary Shareholder Meeting of JSW S.A. on 12 May 2011);
EXPIRES ON 8 OCTOBER 2013
After 8 October 2013, the persons eligible for free-of-charge acquisition of series A and series C shares of JSW S.A. will no longer have the right to enter into an agreement for the free-of-charge acquisition of shares.
This does not apply to heirs of eligible employees. They will be able to exercise the right to acquire shares free of charge after 8 October 2013 provided that the following conditions are met:
- the testator (i.e. the relevant eligible employee) dies before the expiration date of the right to acquire shares free of charge, i.e. at the latest on 8 October 2013,
and
- a petition to ascertain the acquisition of inheritance is filed with the court no later than on 8 October 2013, or a notary prepares a registered deed of confirmation of the inheritance no later than by 8 October 2013.
After the foregoing conditions are met, the period in which the right to acquire shares free of charge may be exercised will be:
- interrupted until obtaining a legally binding court’s decision on the ascertainment of acquisition of inheritance – in such a case the period for entering into an agreement for the free-of-charge acquisition of shares will start anew and it will last 24 months from the date on which the court’s decision on the ascertainment of acquisition of inheritance becomes legally binding;
- extended by one month if the registered deed of confirmation of inheritance prepared by a notary is presented.
In order to enter into an agreement for the free-of-charge acquisition of shares after 8 October 2013, the heirs of the relevant eligible employee should present – on the date of the agreement – a legally binding decision on the ascertainment of acquisition of inheritance with the petition to ascertain the acquisition of inheritance stamped with the court’s date stamp or with an attached confirmation of dispatching the petition to the court or the registered deed of confirmation of the inheritance prepared by a notary.
At the same time, it is hereby advised that the right to the free-of-charge acquisition of series D shares (shares sold by the State Treasury to eligible employees of Kombinat Koksochemiczny “Zabrze” S.A. who submitted a declaration of willingness to acquire JSW S.A. shares in exchange for KK “Zabrze” S.A. shares, pursuant to the Act of 30 August 1996 on Commercialization and Privatization) expires on 21 March 2014.
Please note!
Detailed information on the gratuitous disposal of shares in Jastrzębska Spółka Węglowa S.A. may be obtained from the “Adwokaci i Radcowie Prawni” sp.k. Izabella Żyglicka i Wspólnicy Law Firm in the company’s office, room 116, or by calling telephone no. (32) 603 04 30.