Changes

2024

5 January 2024

On 5 January 2024 the Company received a notification from Nationale-Nederlanden Powszechne Towarzystwo Emerytalne S.A. informing that as a result of transactions concluded on the Warsaw Stock Exchange in Warsaw on 28 December 2023, funds managed by Nationale-Nederlanden Powszechne Towarzystwo Emerytalne S.A. decreased their total holding of the Company’s shares below 5% in the total number of votes at the General Meeting of the Company.

Following the above-described change as at the date of the notification funds managed by Nationale-Nederlanden PTE held in total 40,841,465 shares of the Company, constituting 6.39% of the shares capital of the Company and carrying the right to 40,841,465 votes at the General Meeting of the Company, representing 4.99% of the total number of votes at the General Meeting of the Company.

2022

22 July 2022

Pursuant to notifications received on 22 July 2022 the Company became aware of the change in the share of votes at the general meeting of the Company held indirectly by TiVi Foundation and directly by Reddev and Tipeca Consulting Limited. Reddev is a subsidiary of TiVi Foundation, an entity controlled by Mr. Zygmunt Solorz. Tipeca Consulting Limited is under the presumption of the existence of an agreement referred to in Art. 87 Section 1 Item 5 of the Public Offering Act.

The change in share took place on 19 July 2022 following:

  1. the direct acquisition by Reddev of 2,152,388 ordinary shares constituting 0.34% of the share capital of the Company and entitling to 2,152,388 votes at the general meeting of the Company, representing 0.26% of the total number of votes at the general meeting of the Company; 
  2. the disposal by Tipeca of a total of 2,152,388 ordinary treasury shares constituting 0.34% of the share capital of the Company and entitling to 2,152,388 votes at the general meeting of the Company, representing 0.26% of the total number of votes at the general meeting of the Company.

The change in share took place as a result of transactions concluded on May 25, 26 and 27, 2022, which included the settlement of the invitation to submit offers to sell the Company’s shares, announced on May 16, 2022 by the Company together with Reddev and Tobe, the subject of which was not more than 35,000,000 dematerialized ordinary bearer shares of the Company representing 5.47% of the Company’s share capital. The change took place following:

  1. the direct acquisition by Reddev of 13,576,140 ordinary shares constituting 2.12% of the share capital of the Company and entitling to 13,576,140 votes at the general meeting of the Company, representing 1.66% of the total number of votes at the general meeting of the Company; 
  2. the acquisition by the Company of a total of 17,668,359 ordinary treasury shares constituting 2.76% of the share capital of the Company and entitling to 17,668,359 votes at the general meeting of the Company, representing 2.16% of the total number of votes at the general meeting of the Company; 
  3. the acquisition by Mr. Tobias Solorz of a total of 5,607,609 ordinary shares constituting 0.88% of the share capital of the Company and entitling to 5,607,609 votes at the general meeting of the Company, representing 0.68% of the total number of votes at the general meeting of the Company; 
  4. the acquisition by Tobe of a total of 4,449,156 ordinary shares constituting 0.70% of the share capital of the Company and entitling to 4,449,156 votes at the general meeting of the Company, representing 0.54% of the total number of votes at the general meeting of the Company; 
  5. the disposal by Embud 2 of a total of 32,005,867 ordinary shares constituting 5.00% of the share capital of the Company and entitling to 32,005,867 votes at the general meeting of the Company, representing 3.91% of the total number of votes at the general meeting of the Company.

30 May 2022

Pursuant to notifications received on 30 May 2022 the Company became aware of the change in the share of votes at the general meeting of the Company held indirectly by Mr. Zygmunt Solorz and TiVi Foundation, and directly by Reddev Investments Limited, the Company, Mr. Tobias Solorz, Tobe Investments Group Limited and Embud 2 Sp. z o.o. S.K.A. Reddev is a subsidiary of TiVi Foundation, an entity controlled by Mr. Zygmunt Solorz. The Company is a direct subsidiary of Reddev. Tobe is a subsidiary of Tobe Foundation, an entity controlled by Mr. Zygmunt Solorz. Furthermore, Mr. Tobias Solorz is under the presumption of the existence of an agreement referred to in Art. 87 Section 1 Item 5 of the Public Offering Act.

2021

27 December 2021

On 27 December 2021 the Company received a notification from Nationale-Nederlanden Powszechne Towarzystwo Emerytalne S.A. informing that as a result of transactions concluded on the Warsaw Stock Exchange in Warsaw on 23 December 2021, funds managed by Nationale-Nederlanden Powszechne Towarzystwo Emerytalne S.A. increased their total holding of the Company’s shares above 5% in the total number of votes at the General Meeting of the Company.

Following the above-described change as at the date of the notification funds managed by Nationale-Nederlanden PTE held in total 41,066,962 shares of the Company, constituting 6.42% of the shares capital of the Company and carrying the right to 41,066,962 votes at the General Meeting of the Company, representing 5.02% of the total number of votes at the General Meeting of the Company.

23 December 2021

Pursuant to notifications received on 23 December 2021 the Company became aware of the change in the share of votes at the general meeting of the Company held  by TiVi Foundation, Reddev Investments Limited and Embud 2 Sp. z o.o. S.K.A. The Company is a subsidiary of Reddev Investments Limited. Reddev is a subsidiary of an entity controlled by Mr. Solorz – TiVi Foundation. Embud 2 is an entity controlled by Mr. Solorz.

The change in share took place on 22 December 2021, as a result of the acquisition of 32,005,866 shares by the Company in the own shares buy-back program from Embud 2.

Following the change in share and as at the date of the notification, TiVi Foundation held directly and indirectly 353,348,370 shares of the Company, constituting 55.25% of the share capital of the Company and carrying the right to 532,765,871 votes at the general meeting of the Company, representing 65.05% of the total number of votes at the general meeting of the Company, including:

a)       directly, 10 registered, privileged shares of Cyfrowy Polsat, constituting 0.0000016% of the share capital of the Company and carrying the right to 20 votes at the general meeting of the Company, representing 0.0000024% of the total number of votes at the general meeting of the Company;

b)      indirectly, through Reddev, 353,348,360 shares of the Company, constituting 55.25% of the share capital of the Company and carrying the right to 532,765,851 votes at the general meeting of the Company, representing 65.05% of the total number of votes at the general meeting of the Company, including:

  1. 179,417,491 registered, privileged shares of the Company, constituting 28.05% of the share capital of the Company and carrying the right to 358,834,982 votes at the general meeting of the Company, representing 43.82% of the total number of votes at the general meeting of the Company, held by Reddev directly,
  2. 102,756,743 ordinary bearer shares of the Company, constituting 16.07% of the share capital of the Company and carrying the right to 102,756,743 votes at the general meeting of the Company, representing 12.55% of the total number of votes at the general meeting of the Company, held by Reddev directly, and
  3. 71,174,126 ordinary bearer shares of the Company, constituting 11.13% of the share capital of the Company and carrying the right to 71,174,126 votes at the general meeting of the Company, representing 8.69% of the total number of votes at the general meeting of the Company, held by Reddev indirectly through the Company.

Following the change in share and as at the date of the notification, Embud 2 held directly 32,005,867 shares of the Company, constituting 5.00% of the share capital of the Company and carrying the right to 32,005,867 votes at the general meeting of the Company, representing 3.91% of the total number of votes at the general meeting of the Company

29 November 2021

Pursuant to notifications received on 24 November 2021, the Company became aware of the change in the share of votes at the general meeting of the Company held indirectly by Mr Zygmunt Solorz, through entities controlled by him. The Company is a subsidiary of Reddev Investments Limited. Reddev is a subsidiary of an entity controlled by Mr. Solorz – TiVi Foundation.

The change in share took place on 26 November 2021, as a result of:

  • the disposal by Reddev of 42,039,946 dematerialized ordinary bearer shares of the Company, constituting 6.57% of the share capital of the Company and carrying the right to 42,039,946 votes at the general meeting of the Company, representing 5.13% of the total number of votes at the general meeting of the Company. From the above shares, 27,400,000 dematerialized ordinary bearer shares of the Company, constituting 4.28% of the share capital of the Company, carrying the right to 27,400,000 votes at the general meeting of the Company, representing 3.35% of the total number of votes at the general meeting of the Company were acquired by the Company.
  • acquisition by Reddev of 14,639,946 dematerialized registered privileged shares of the Company, constituting 2.29% of the share capital of the Company and carrying the right to 29,279,892 votes at the general meeting of the Company, representing 3.58% of the total number of votes at the general meeting of the Company.

Following the above transactions Mr Solorz held indirectly 387,506,625 shares of the Company, constituting 60.59% of the share capital of the Company and carrying the right to 566,924,126 votes at the general meeting of the Company, representing 69.22% of the total number of votes at the general meeting of the Company, whereby:

(i) TiVi Foundation held:

  • directly, 10 registered, privileged shares of Cyfrowy Polsat, constituting 0.0000016% of the share capital of the Company and carrying the right to 20 votes at the General Meeting of the Company, representing 0.0000024% of the total number of votes at the General Meeting of the Company;
  • indirectly, through Reddev, 321,342,494 shares of the Company, constituting 50.25% of the share capital of the Company and carrying the right to 500,759,985 votes at the General Meeting of the Company, representing 61.15% of the total number of votes at the General Meeting of the Company. The above shares consisted of:
    • 179,417,491 registered, privileged shares of the Company, constituting 28.05% of the share capital of the Company and carrying the right to 358,834,982 votes at the general meeting of the Company, representing 43.82% of the total number of votes at the general meeting of the Company, held by Reddev directly;
    • 102,756,743 ordinary bearer shares of the Company, constituting 16.07% of the share capital of the Company and carrying the right to 102,756,743 votes at the general meeting of the Company, representing 12.55% of the total number of votes at the general meeting of the Company, held by Reddev directly; and
    • 39,168,260 ordinary bearer shares of the Company, constituting 6.12% of the share capital of the Company and carrying the right to 39,168,260 votes at the general meeting of the Company, representing 4.78% of the total number of votes at the general meeting of the Company, held by Reddev indirectly through the Company;

ii) Embud held directly 64,011,733 ordinary bearer shares of the Company, constituting 10.01% of the share capital of the Company and carrying the right to 64,011,733 votes at the general meeting of the Company, representing 7.82% of the total number of votes at the general meeting of the Company;

and accounting for the shares held directly by Tipeca Consulting Limited which, pursuant to Art. 87 Section 4 Item 1 of the Public Offering Act, is under the presumption of the existence of an agreement referred to in Art. 87 Section 1 Item 5 of the Public Offering Act, and which held 2,152,388 ordinary bearer shares of the Company, constituting 0.34% of the share capital of the Company, carrying the right to exercise 2,152,388 votes at the Company’s general meeting, representing 0.26% of the total number of votes at the Company’s general meeting.

Current report no 32/2021>>

Current report no 34/2021>>

24 November 2021

Pursuant to notifications received on 24 November 2021, the Company became aware of the change in the share of votes at the general meeting of the Company held indirectly by Mr Zygmunt Solorz, through entities controlled by him. The Company is a subsidiary of Reddev Investments Limited. Reddev is a subsidiary of an entity controlled by Mr. Solorz – TiVi Foundation.

The change in share took place on 24 November 2021, as a result of the settlement of transactions concluded under the tender offer announced on 28 September 2021 by the Company, Reddev Investments Limited and Mr Zygmunt Solorz to subscribe for the sale of shares in the Company. As a result of the settlement of the Tender Offer, the Company acquired 11,768,260 of the Company's own ordinary bearer shares, constituting 1.84% of the Company's share capital and carrying the right to 11,768,260 votes at the General Meeting of the Company, representing 1.44% of the total number of votes at the General Meeting of the Company.

Following the settlement of the Tender Offer mentioned above, Mr Solorz held indirectly 387,506,625 shares of the Company, constituting 60.59% of the share capital of the Company and carrying the right to 552,284,180 votes at the general meeting of the Company, representing 67.44% of the total number of votes at the general meeting of the Company, whereby:

(i) TiVi Foundation held:

  • directly, 10 registered, privileged shares of Cyfrowy Polsat, constituting 0.0000016% of the share capital of the Company and carrying the right to 20 votes at the General Meeting of the Company, representing 0.0000024% of the total number of votes at the General Meeting of the Company;
  • indirectly, through Reddev, 321,342,494 shares of the Company, constituting 50.25% of the share capital of the Company and carrying the right to 486,120,039 votes at the General Meeting of the Company, representing 59.36% of the total number of votes at the General Meeting of the Company. The above shares consisted of:
    • 164,777 545 registered, privileged shares of the Company, constituting 25.76% of the share capital of the Company and carrying the right to 329,555,090 votes at the general meeting of the Company, representing 40.24% of the total number of votes at the general meeting of the Company, held by Reddev directly;
    • 144,796,689 ordinary bearer shares of the Company, constituting 22.65% of the share capital of the Company and carrying the right to 144,796,689 votes at the general meeting of the Company, representing 17.68% of the total number of votes at the general meeting of the Company, held by Reddev directly, and
    • 11,768,260 ordinary bearer shares of the Company, constituting 1.85% of the share capital of the Company and carrying the right to 11,768,260 votes at the general meeting of the Company, representing 1.44% of the total number of votes at the general meeting of the Company, held by Reddev indirectly through the Company,

ii) Embud held directly 64,011,733 ordinary bearer shares of the Company, constituting 10.01% of the share capital of the Company and carrying the right to 64,011,733 votes at the general meeting of the Company, representing 7.82% of the total number of votes at the general meeting of the Company;

and accounting for the shares held directly by Tipeca Consulting Limited which, pursuant to Art. 87 Section 4 Item 1 of the Public Offering Act, is under the presumption of the existence of an agreement referred to in Art. 87 Section 1 Item 5 of the Public Offering Act, and which held 2,152,388 ordinary bearer shares of the Company, constituting 0.34% of the share capital of the Company, carrying the right to exercise 2,152,388 votes at the Company’s general meeting, representing 0.26% of the total number of votes at the Company’s general meeting.

Current report no 29/2021>>

Current report no 30/2021>>

September

Reddev Investments Limited

In the period from 11 March 2021 to 20 August 2021 Reddev acquired in total 3,142,150 ordinary bearer shares of the Company. On 16 September 2021 Reddev disposed of 5,060,044 ordinary bearer shares of Cyfrowy Polsat and acquired 5,060,044 registered privileged shares of Cyfrowy Polsat. Following the transactions described above, the share in the total number of votes at the shareholders' meeting of the Company held direcly by Reddev changed.

Following the change, Reddev holds directly 309,574,234 shares of the Company, constituting 48.41% of the share capital of the Company and carrying the right to 466,149,585 votes at the General Meeting of the Company, representing 57.92% of the total number of votes at the General Meeting of the Company. The above shares consist of:

  • 164,777,545 registered, privileged shares of the Company, constituting 25.76% of the share capital of the Company and carrying the right to 329,555,090 votes at the General Meeting of the Company, representing 40.24% of the total number of votes at the General Meeting of the Company, and
  • 144,796,689 ordinary bearer shares of the Company, constituting 22.64% of the share capital of the Company and carrying the right to 144,796,689 votes at the General Meeting of the Company, representing 17.68% of the total number of votes at the General Meeting of the Company.

Current report 19/2021

TiVi Foundation

TiVi Foundation is an entity directly controlling Reddev.

Following the transactions executed by Reddev in the period from 11 March 2021 to 20 August 2021 and later on 16 September 2021, described above, the share in the total number of votes at the shareholders' meeting of the Company held by TiVi Foundation changed.

Following the change, TiVi Foundation holds directly and indirectly 309,574,244 shares of the Company, constituting 48.41% of the share capital of the Company and carrying the right to 474,351,789 votes at the General Meeting of the Company, representing 57.92% of the total number of votes at the General Meeting of the Company, including:

a)       directly, 10 registered, privileged shares of the Company, constituting 0.0000016% of the share capital of the Company and carrying the right to 20 votes at the General Meeting of the Company, representing 0.0000024% of the total number of votes at the General Meeting of the Company;

b)       indirectly, through Reddev, 309,574,234 shares of the Company, constituting 47.91% of the share capital of the Company and carrying the right to 474,351,779 votes at the General Meeting of the Company, representing 57.92% of the total number of votes at the General Meeting of the Company. The above shares consist of:

  • 164,777,545 registered privileged shares shares of the Company, constituting 25.76% of the share capital of the Company and carrying the right to 329,555,090 votes at the General Meeting of the Company, representing 40.24% of the total number of votes at the General Meeting of the Company.
  • 144,796,689 ordinary bearer shares of the Company, constituting 22.64% of the share capital of the Company and carrying the right to 144,796,689 votes at the General Meeting of the Company, representing 17.68% of the total number of votes at the General Meeting of the Company.

Current report 19/2021

Zygmunt Solorz

Pursuant to the notification received on 17 September 2021, the Company became aware of the change in the share of votes at the general meeting of the Company held indirectly by Mr. Zygmunt Solorz, through an entity controlled by him, as a result of the above mentioned transaction concluded by Reddev in the period from 11 March 2021 to 20 August 2021 and later on 16 September 2021.

Following the abovementioned transactions, Mr. Zygmunt Solorz holds indirectly 375,738,365 shares of the Company, constituting 58.75% of the share capital of the Company and carrying the right to exercise 540,515,920 votes at the Company’s general meeting, representing 66.00% of the total number of votes at the Company’s general meeting, in such a way that:

(i)     TiVi Foundation holds:

  • directly 10 registered, privileged with respect to votes shares of the Company, constituting 0.0000016% of the share capital of the Company, carrying the right to exercise 20 votes at the Company’s general meeting, representing 0.0000024% of the total number of votes at the Company’s general meeting, and
  • indirectly, through Reddev, 309,574,234 shares of the Company, constituting 48.41% of the share capital of the Company, carrying the right to exercise 474,351,779 votes at the Company’s general meeting, representing 57.92% of the total number of votes at the Company’s general meeting, including:
    • 164,777,545 registered, privileged with respect to votes shares of the Company, constituting 25.76% of the share capital of the Company, carrying the right to exercise 329,555,090 votes at the Company’s general meeting, representing 40.24% of the total number of votes at the Company’s general meeting, and
    • 144,796,689 ordinary bearer shares of the Company, constituting 22.64% of the share capital of the Company, carrying the right to exercise 144,796,689 votes at the Company’s general meeting, representing 17.68% of the total number of votes at the Company’s general meeting;

ii) Embud holds directly 64,011,733 ordinary bearer shares of the Company, constituting 10.01% of the share capital of the Company, carrying the right to exercise 64,011,733 votes at the Company’s general meeting, representing 7.82% of the total number of votes at the Company’s general meeting;

and accounting for the shares held directly by Tipeca, which, pursuant to Art. 87 Section 4 Item 1 of the Public Offering Act, is under the presumption of the existence of an agreement referred to in Art. 87 Section 1 Item 5 of the Public Offering Act, and which held 2,152,388 ordinary bearer shares of the Company, constituting 0.34% of the share capital of the Company, carrying the right to exercise 2,152,388 votes at the Company’s general meeting, representing 0.26% of the total number of votes at the Company’s general meeting

Current report 19/2021

March

Reddev Investments Limited

On 10 March 2021 in the period between 17 March 2020 and 10 March 2021 Reddev acquired 8,351,797 ordinary bearer shares of the Company, constituting 1.31% of the share capital of the Company and carrying the right to 8,351,797 votes at the General Meeting of the Company, representing 1.02% of the total number of votes at the General Meeting of the Company.

Prior to the Change in Share, Reddev held directly 298,080,287 shares of the Company, constituting 46.61% of the share capital of the Company and carrying the right to 457,797,788 votes at the General Meeting of the Company, representing 55.90% of the total number of votes at the General Meeting of the Company. The above shares consisted of:

  • 159,717,501 registered, privileged shares of the Company, constituting 24.97% of the share capital of the Company and carrying the right to 319,435,002 votes at the General Meeting of the Company, representing 39.00% of the total number of votes at the General Meeting of the Company, and
  • 138,362,786 ordinary bearer shares of the Company, constituting 21.63% of the share capital of the Company and carrying the right to 138,362,786 votes at the General Meeting of the Company, representing 16.89% of the total number of votes at the General Meeting of the Company.

Following the Change in Share, Reddev holds directly 306,432,084 shares of the Company, constituting 47.91% of the share capital of the Company and carrying the right to 466,149,585 votes at the General Meeting of the Company, representing 56.92% of the total number of votes at the General Meeting of the Company. The above shares consist of:

  • 159,717,501 registered, privileged shares of the Company, constituting 24.97% of the share capital of the Company and carrying the right to 319,435,002 votes at the General Meeting of the Company, representing 39.00% of the total number of votes at the General Meeting of the Company, and
  • 146,714,583 ordinary bearer shares of the Company, constituting 22.94% of the share capital of the Company and carrying the right to 146,714,583 votes at the General Meeting of the Company, representing 17.91% of the total number of votes at the General Meeting of the Company.

TiVi Foundation

TiVi Foundation is an entity directly controlling Reddev.

Following the transactions executed by Reddev between 17 March 2020 and 10 March 2021, described above, the share in the total number of votes at the shareholders' meeting of the Company held by TiVi Foundation changed.

Prior to the abovementioned transactions, TiVi Foundation held directly and indirectly 298,080,297 shares of the Company, constituting 46.61% of the share capital of the Company and carrying the right to 457,797,808 votes at the General Meeting of the Company, representing 55.90% of the total number of votes at the General Meeting of the Company, including:

a)       directly, 10 registered, privileged shares of the Company, constituting 0.0000016% of the share capital of the Company and carrying the right to 20 votes at the General Meeting of the Company, representing 0.0000024% of the total number of votes at the General Meeting of the Company;

b)       indirectly, through Reddev, 298,080,287 shares of the Company, constituting 46.61% of the share capital of the Company and carrying the right to 457,797,788 votes at the General Meeting of the Company, representing 55.90% of the total number of votes at the General Meeting of the Company. The above shares consisted of:

  • 159,717,501 registered, privileged shares of the Company, constituting 24.97% of the share capital of the Company and carrying the right to 319,435,002 votes at the General Meeting of the Company, representing 39.00% of the total number of votes at the General Meeting of the Company, and 
  • 138,362,786 ordinary bearer shares of the Company, constituting 21.63% of the share capital of the Company and carrying the right to 138,362,786 votes at the General Meeting of the Company, representing 16.89% of the total number of votes at the General Meeting of the Company.

Following the Change in Share, TiVi Foundation holds directly and indirectly 306,432,094 shares of the Company, constituting 47.91% of the share capital of the Company and carrying the right to 466,149,605 votes at the General Meeting of the Company, representing 56.92% of the total number of votes at the General Meeting of the Company, including:

a)       directly, 10 registered, privileged shares of the Company, constituting 0.0000016% of the share capital of the Company and carrying the right to 20 votes at the General Meeting of the Company, representing 0.0000024% of the total number of votes at the General Meeting of the Company;

b)       indirectly, through Reddev, 306,432,084 shares of the Company, constituting 47.91% of the share capital of the Company and carrying the right to 466,149,585 votes at the General Meeting of the Company, representing 56.92% of the total number of votes at the General Meeting of the Company. The above shares consist of:

  • 159,717,501 registered, privileged shares of the Company, constituting 24.97% of the share capital of the Company and carrying the right to 319,435,002 votes at the General Meeting of the Company, representing 39.00% of the total number of votes at the General Meeting of the Company, and
  • 146,714,583 ordinary bearer shares of the Company, constituting 22.94% of the share capital of the Company and carrying the right to 146,714,583 votes at the General Meeting of the Company, representing 17.91% of the total number of votes at the General Meeting of the Company.

Zygmunt Solorz

Pursuant to the notification received on 15 March 2021, the Company became aware of the change in the share of votes at the general meeting of the Company held indirectly by Mr. Zygmunt Solorz, through an entity controlled by him, as a result of the above mentioned transaction concluded by Reddev on 10 March.

Prior to the abovementioned transaction, Mr. Zygmunt Solorz held indirectly 364,244,418 shares of the Company, constituting 56.95% of the share capital of the Company and carrying the right to 523,961,929 votes at the general meeting of the Company, representing 63.98% of the total number of votes at the general meeting of the Company, in such a way that:

(i)     TiVi Foundation held:

  • directly, 10 registered, privileged shares of the Company, constituting 0.0000016% of the share capital of the Company and carrying the right to 20 votes at the general meeting of the Company, representing 0.0000024% of the total number of votes at the general meeting of the Company;
  • indirectly, through Reddev, 298,080,287 shares of the Company, constituting 46.61% of the share capital of the Company and carrying the right to 457,797,788 votes at the general meeting of the Company, representing 55.90% of the total number of votes at the general meeting of the Company, including:
    • 159,717,501 registered, privileged shares of the Company, constituting 24.97% of the share capital of the Company and carrying the right to 319,435,002 votes at the general meeting of the Company, representing 39.00% of the total number of votes at the general meeting of the Company, and
    • 138,362,786 ordinary bearer shares of the Company, constituting 21.63% of the share capital of the Company and carrying the right to 138,362,786 votes at the general meeting of the Company, representing 16.89% of the total number of votes at the general meeting of the Company;

ii)       Embud 2 spółka z ograniczoną odpowiedzialnością S.K.A., an entity controlled indirectly by Mr. Solorz, held directly 64,011,733 ordinary bearer shares of the Company, constituting 10.01% of the share capital of the Company and carrying the right to 64,011,733 votes at the general meeting of the Company, representing 7.82% of the total number of votes at the general meeting of the Company;

and accounting for the shares held directly by Tipeca Consulting Limited, which, pursuant to Art. 87 Section 4 Item 1 of the Public Offering Act, is under the presumption of the existence of an agreement referred to in Art. 87 Section 1 Item 5 of the Public Offering Act, and which held 2,152,388 ordinary bearer shares of the Company, constituting 0.34% of the share capital of the Company, carrying the right to exercise 2,152,388 votes at the Company’s general meeting, representing 0.26% of the total number of votes at the Company’s general meeting.

Following the abovementioned transactions, Mr. Zygmunt Solorz holds indirectly 372,596,215 shares of the Company, constituting 58.26% of the share capital of the Company and carrying the right to exercise 532,313,726 votes at the Company’s general meeting, representing 65.00% of the total number of votes at the Company’s general meeting, in such a way that:

(i)     TiVi holds:

  • directly 10 registered, privileged with respect to votes shares of the Company, constituting 0.0000016% of the share capital of the Company, carrying the right to exercise 20 votes at the Company’s general meeting, representing 0.0000024% of the total number of votes at the Company’s general meeting, and
  • indirectly, through Reddev, 306,432,084 shares of the Company, constituting 47.91% of the share capital of the Company, carrying the right to exercise 466,149,585 votes at the Company’s general meeting, representing 56.92% of the total number of votes at the Company’s general meeting, including:
    • 159,717,501 registered, privileged with respect to votes shares of the Company, constituting 24.97% of the share capital of the Company, carrying the right to exercise 319,435,002 votes at the Company’s general meeting, representing 39.00% of the total number of votes at the Company’s general meeting, and
    • 146,714,583 ordinary bearer shares of the Company, constituting 22.94% of the share capital of the Company, carrying the right to exercise 146,714,583 votes at the Company’s general meeting, representing 17.91% of the total number of votes at the Company’s general meeting

ii)      Embud holds directly 64,011,733 ordinary bearer shares of the Company, constituting 10.01% of the share capital of the Company, carrying the right to exercise 64,011,733 votes at the Company’s general meeting, representing 7.82% of the total number of votes at the Company’s general meeting;

and accounting for the shares held directly by Tipeca, which, pursuant to Art. 87 Section 4 Item 1 of the Public Offering Act, is under the presumption of the existence of an agreement referred to in Art. 87 Section 1 Item 5 of the Public Offering Act, and which held 2,152,388 ordinary bearer shares of the Company, constituting 0.34% of the share capital of the Company, carrying the right to exercise 2,152,388 votes at the Company’s general meeting, representing 0.26% of the total number of votes at the Company’s general meeting.

2019

November

Reddev Investments Limited

On November 5, 2019 Reddev disposed of 15,199,990 registered, privileged shares of Cyfrowy Polsat constituting 2.38% of share capital of the Company and carrying the right to exercise 30.399.980 votes at the Company’s general meeting, representing 3.71% of the total number of votes at the general meeting, and acquired 15,199,990 ordinary bearer shares of Cyfrowy Polsat constituting 2.38% of the share capital of the Company and carrying the right to exercise 15,199,990 votes at the Company’s general meeting, representing 1.86% of the total number of votes at the general meeting.

Prior to the abovementioned transactions, Reddev held directly 298,080,287 shares of the Company, constituting 46.61% of the share capital of the Company and carrying the right to exercise 472,997,778 votes at the Company’s general meeting, representing 57.76% of the total number of votes at the general meeting. The above shares consisted of:

  • 174,917,491 registered, privileged with respect to votes shares of the Company, constituting 27,35% of the share capital of the Company, carrying the right to exercise 349,834,982 votes at the Company’s general meeting, representing 42.72% of the total number of votes at the Company’s general meeting, and
  • 123,162,796 ordinary bearer shares of the Company, constituting 19.26% of the share capital of the Company, carrying the right to exercise 123,162,796 votes at the Company’s general meeting, representing 15.04% of the total number of votes at the Company’s general meeting.

Following the transactions Reddev holds directly 298,080,287 shares of the Company, which constitutes 46.61% of the share capital of the Company and entitles to exercise 457,797,788 votes at the Company’s general meeting, representing 55.90% of the total number of votes at the Company’s general meeting. The above shares consist of:

  • 159,717,501 registered, privileged with respect to votes shares of the Company, constituting 24.97% of the share capital of the Company, carrying the right to exercise 319,435,002 votes at the Company’s general meeting, representing 39.00% of the total number of votes at the Company’s general meeting, and
  • 138,362,786 ordinary bearer shares of the Company, constituting 21.63% of the share capital of the Company, carrying the right to exercise 138,362,786 votes at the Company’s general meeting, representing 16.89% of the total number of votes at the Company’s general meeting.

TiVi Foundation

 TiVi Foundation is an entity directly controlling Reddev. Following the transactions executed by Reddev on November 5, 2019, described above, the share in the total number of votes at the shareholders' meeting of the Company held by TiVi Foundation changed.

Prior to the abovementioned transactions, TiVi Foundation held directly and indirectly 298,080,297 shares of the Company constituting 46,61% of the share capital of the Company and carrying the right to exercise 472,997,798 votes at the Company’s general meeting, representing 57,76% of the total number of votes at the Company’s general meeting, including:

a) directly, 10 registered, privileged with respect to votes shares of the Company, constituting 0.0000016% of the share capital of the Company and carrying the right to exercise 20 votes at the Company’s general meeting, representing 0.0000024% of the total number of votes at the Company’s general meeting, and

b) indirectly, through Reddev, 298,080,287 shares of the Company, constituting 46.61% of the share capital of the Company, carrying the right to exercise 472,997,778 votes at the Company’s general meeting, representing 57.76% of the total number of votes at the Company’s general meeting. The above shares consisted of:

  • 174,917,491 registered, privileged with respect to votes shares of the Company, constituting 27.35% of the share capital of the Company, carrying the right to exercise 349,834,982 votes at the Company’s general meeting, representing 42.72% of the total number of votes at the Company’s general meeting, and
  • 123,162,796 ordinary bearer shares of the Company, constituting 19.26% of the share capital of the Company, carrying the right to exercise 123,162,796 votes at the Company’s general meeting, representing 15.04% of the total number of votes at the Company’s general meeting.

Following the transactions TiVi Foundation currently holds directly and indirectly 298,080,297 shares of the Company, which constitutes 46.61% of the share capital of the Company and entitles to exercise 457,797,808 votes at the Company’s general meeting, representing 55.90% of the total number of votes at the Company’s general meeting, including:

a) directly, 10 registered, privileged with respect to votes shares of the Company, constituting 0.0000016% of the share capital of the Company and carrying the right to exercise 20 votes at the Company’s general meeting, representing 0.0000024% of the total number of votes at the Company’s general meeting, and

b) indirectly, through Reddev, 298,080,287 shares of the Company, constituting 46.61% of the share capital of the Company, carrying the right to exercise 457,797,788 votes at the Company’s general meeting, representing 55.90% of the total number of votes at the Company’s general meeting. The above shares consist of:

  • 159,717,501 registered, privileged with respect to votes shares of the Company, constituting 24.97% of the share capital of the Company and carrying the right to exercise 319,435,002 votes at the Company’s general meeting, representing 39.00% of the total number of votes at the Company’s general meeting, and
  • 138,362,786 ordinary bearer shares of the Company, constituting 21.63% of the share capital of the Company and carrying the right to exercise 138,362,786 votes at the Company’s general meeting, representing 16.89% of the total number of votes at the Company’s general meeting.

Mr. Zygmunt Solorz

In accordance with the notification received on November 8, 2019, the Company was informed about a change in the share in the total number of votes at the Company held by Mr. Solorz indirectly through an entity controlled by him, which followed the conclusion by Reddev on Novem=ber 5, 2019 of the transactions described above.

Prior to the abovementioned transactions, Mr. Zygmunt Solorz held indirectly, through entities controlled indirectly and directly by him, i.e., Reddev, TiVi Foundation, Embud 2 Sp. z o.o. S.K.A. and Tipeca Consulting Limited 364,244,418 shares of the Company, constituting 56.95% of the share capital of the Company and carrying the right to exercise 539,161,919 votes at the Company’s general meeting, representing 65.83% of the total number of votes at the Company’s general meeting, in such a way that:

(i) TiVi Foundation held:

  • directly, 10 registered, privileged with respect to votes shares of the Company, constituting 0.0000016% of the share capital of the Company and carrying the right to exercise 20 votes at the Company’s general meeting, representing 0.0000024% of the total number of votes at the Company’s general meeting, and
  • indirectly, through Reddev, 298,080,287 shares of the Company, constituting 46.61% of the share capital of the Company, carrying the right to exercise 472,997,778 votes at the Company’s general meeting, representing 57.76% of the total number of votes at the Company’s general meeting, including:
    • 174,917,491 registered, privileged with respect to votes shares of the Company, constituting 27.35% of the share capital of the Company, carrying the right to exercise 349,834,982 votes at the Company’s general meeting, representing 42.72% of the total number of votes at the Company’s general meeting, and
    • 123,162,796 ordinary bearer shares of the Company, constituting 19.26% of the share capital of the Company, carrying the right to exercise 123,162,796 votes at the Company’s general meeting, representing 15.04% of the total number of votes at the Company’s general meeting;

(ii) Embud 2 Sp. z o.o. S.K.A. held directly 64.011.733 ordinary bearer shares of the Company, constituting 10,01% of the share capital of the Company, carrying the right to exercise 64.011.733 votes at the Company’s general meeting, representing 7,82% of the total number of votes at the Company’s general meeting;

and accounting for the shares held directly by Tipeca Consulting Limited which, pursuant to Art. 87 Section 4 Item 1 of the Public Offering Act, is under the presumption of the existence of an agreement referred to in Art. 87 Section 1 Item 5 of the Public Offering Act, and which held 2,152,388 ordinary bearer shares of the Company, constituting 0.34% of the share capital of the Company, carrying the right to exercise 2,152,388 votes at the Company’s general meeting, representing 0.26% of the total number of votes at the Company’s general meeting.

Following the abovementioned transactions, Mr. Zygmunt Solorz holds indirectly, through entities controlled indirectly and directly by him, i.e.,. Reddev, TiVi Foundation, Embud 2 Sp. z o.o. S.K.A. and Tipeca Consulting Limited 364,244,418 shares of the Company, constituting 56.95% of the share capital of the Company and carrying the right to exercise 523,961,929 votes at the Company’s general meeting, representing 63.98% of the total number of votes at the Company’s general meeting, in such a way that:

(i) TiVi Foundation holds:

  • directly 10 registered, privileged with respect to votes shares of the Company, constituting 0.0000016% of the share capital of the Company, carrying the right to exercise 20 votes at the Company’s general meeting, representing 0.0000024% of the total number of votes at the Company’s general meeting, and
  • indirectly, through Reddev, 298,080,287 shares of the Company, constituting 46.61% of the share capital of the Company, carrying the right to exercise 457,797,788 votes at the Company’s general meeting, representing 55.90% of the total number of votes at the Company’s general meeting, including:
    • 159,717,501 registered, privileged with respect to votes shares of the Company, constituting 24.97% of the share capital of the Company, carrying the right to exercise 319,435,002 votes at the Company’s general meeting, representing 39.00% of the total number of votes at the Company’s general meeting, and
    • 138,362,786 ordinary bearer shares of the Company, constituting 21.63% of the share capital of the Company, carrying the right to exercise 138,362,786 votes at the Company’s general meeting, representing 16.89% of the total number of votes at the Company’s general meeting;

(ii) Embud 2 Sp. z o.o. S.K.A. holds directly 64,011,733 ordinary bearer shares of the Company, constituting 10.01% of the share capital of the Company, carrying the right to exercise 64,011,733 votes at the Company’s general meeting, representing 7.82% of the total number of votes at the Company’s general meeting;

and accounting for the shares held directly by Tipeca Consulting Limited, which, pursuant to Art. 87 Section 4 Item 1 of the Public Offering Act, is under the presumption of the existence of an agreement referred to in Art. 87 Section 1 Item 5 of the Public Offering Act, and which held 2,152,388 ordinary bearer shares of the Company, constituting 0.34% of the share capital of the Company, carrying the right to exercise 2,152,388 votes at the Company’s general meeting, representing 0.26% of the total number of votes at the Company’s general meeting.

2018

January

Karswell Limited

On January 26, 2018, Karswell Limited disposed of 16,577,107 ordinary bearer shares of the Company.

Prior to the transaction, Karswell Limited held directly 149,988,268 ordinary bearer shares of Cyfrowy Polsat, constituting 23.45% of the share capital of the Company and carrying the right to 149,988,268 votes at the General Meeting of the Company, representing 18.31% of the total number of votes at the General Meeting of the Company.

Following the transaction, Karswell Limited holds directly 133,411,161 ordinary bearer shares of Cyfrowy Polsat, constituting 20.86% of the share capital of the Company and carrying the right to 133,411,161 votes at the General Meeting of the Company, representing 16.29% of the total number of votes at the General Meeting of the Company.

Current report no. 4/2018

Sensor Overseas Limited

On January 29, 2018, Sensor Overseas Limited disposed of and Reddev Investments Limited acquired 21,041,375 registered, privileged with respect to votes shares of Cyfrowy Polsat.

Prior to the disposal of shares, Sensor Overseas Limited held directly 55,092, shares of Cyfrowy Polsat, constituting 8.61% of the share capital of the Company and carrying the right to 82,005,421 votes at the General Meeting of the Company, representing 10.01% of the total number of votes at the General Meeting of the Company The above shares consisted of:

  • 26,912,625 registered, privileged with respect to votes shares of Cyfrowy Polsat, constituting 4.21% of the share capital of the Company and carrying the right to 53,825,250 votes at the General Meeting of the Company, representing 6.57% of the total number of votes at the General Meeting of the Company, and
  • 28,180,171 ordinary bearer shares of Cyfrowy Polsat, constituting 4.40% of the share capital of the Company and carrying the right to 28,180,171 votes at the General Meeting of the Company, representing 3.44% of the total number of votes at the General Meeting of the Company.

Following the disposal of shares, Sensor Overseas Limited holds directly 34,051,421 shares of Cyfrowy Polsat, constituting 5.32% of the share capital of the Company and carrying the right to 39,922,671 votes at the General Meeting of the Company, representing 4.87% of the total number of votes at the General Meeting of the Company. The above shares consist of:

  • 5,871,250  registered, privileged with respect to votes shares of Cyfrowy Polsat, constituting 0.92% of the share capital of the Company and carrying the right to 11.742.500 votes at the General Meeting of the Company, representing 1.43 of the total number of votes at the General Meeting of the Company, and
  • 28,180,171 ordinary bearer shares of Cyfrowy Polsat, constituting 4.40% of the share capital of the Company and carrying the right to 28,180,171 votes at the General Meeting of the Company, representing 3.44% of the total number of votes at the General Meeting of the Company.

Current report no. 5/2018

Reddev Investments Limited

On January 29, 2018, Sensor Overseas Limited disposed of and Reddev Investments Limited acquired 21,041,375 registered, privileged with respect to votes shares of Cyfrowy Polsat.

Prior to the acquisition of shares, Reddev Investments Limited held directly 154,204,296 shares of Cyfrowy Polsat, constituting 24.11% of the share capital of the Company and carrying the right to 306,709,172 votes at the General Meeting of the Company, representing 37.45% of the total number of votes at the General Meeting of the Company The above shares consisted of:

  • 152,504,876 registered, privileged with respect to votes shares of Cyfrowy Polsat, constituting 23.84% of the share capital of the Company and carrying the right to 305,009,752 votes at the General Meeting of the Company, representing 37.24% of the total number of votes at the General Meeting of the Company, and
  • 1,699,420 ordinary bearer shares of Cyfrowy Polsat, constituting 0.27% of the share capital of the Company and carrying the right to 1,699,420 votes at the General Meeting of the Company, representing 0.21% of the total number of votes at the General Meeting of the Company.

Following the acquisition of shares, Reddev Investments Limited holds directly 175,245,671 shares of Cyfrowy Polsat, constituting 27.40% of the share capital of the Company and carrying the right to 348,791,922 votes at the General Meeting of the Company, representing 42.59% of the total number of votes at the General Meeting of the Company. The above shares consist of:

  • 173,546,251 registered, privileged with respect to votes shares of Cyfrowy Polsat, constituting 27.13% of the share capital of the Company and carrying the right to 347,092,502 votes at the General Meeting of the Company, representing 42.38% of the total number of votes at the General Meeting of the Company, and
  • 1,699,420 ordinary bearer shares of Cyfrowy Polsat, constituting 0.27% of the share capital of the Company and carrying the right to 1,699,420 votes at the General Meeting of the Company, representing 0.21% of the total number of votes at the General Meeting of the Company.

Current report no. 6/2018

Mr. Zygmunt Solorz

According to the received notification, the share in the total number of votes at the General Meeting of the Company held indirectly by Mr. Solorz, through entities controlled by him, changed as a result of concluding two transactions mentioned above, that is the disposal of 16,577,107 ordinary bearer shares of the Company by Karswell Limited (“Karswell”) on January 26, 2018 and the disposal by Sensor Overseas Limited to the benefit of Reddev Investments Limited (“Reddev”) of 21,041,375 registered, privileged with respect to votes shares of Cyfrowy Polsat on January 29, 2018.

Prior to the transactions, Mr. Solorz held indirectly, through entities controlled indirectly and directly by him, that is Reddev, Karswell, Embud2 Sp. z o.o. Sp. k.a. (“Embud2”) and Argumenol Investment Company Limited (“Argumenol”) 362,256,512 shares of Cyfrowy Polsat, constituting 56.64% of the share capital of the Company and carrying the right to 514.761.388 votes at the General Meeting of the Company, representing 65.85% of the total number of votes at the General Meeting of the Company The above shares consisted of:

  • 152,504,876 registered, privileged with respect to votes shares of Cyfrowy Polsat, constituting 23.84% of the share capital of the Company and carrying the right to 305,009,752 votes at the General Meeting of the Company, representing 37.24% of the total number of votes at the General Meeting of the Company held through Reddev, and
  • 209,751,636 ordinary bearer shares of Cyfrowy Polsat, constituting 32.80% of the share capital of the Company and carrying the right to 209,751,636 votes at the General Meeting of the Company, representing 25.61% of the total number of votes at the General Meeting of the Company, held through the following entities:
    • through Reddev - 1,699,420 ordinary bearer shares of Cyfrowy Polsat, constituting 0.27% of the share capital of the Company and carrying the right to 1,699,420 ordinary votes at the General Meeting of the Company, representing 0.21% of the total number of votes at the General Meeting of the Company;
    • through Karswell - 149,988,268 ordinary bearer shares of Cyfrowy Polsat, constituting 23.45% of the share capital of the Company and carrying the right to 149,988,268 votes at the General Meeting of the Company, representing 18.31% of the total number of votes at the General Meeting of the Company;
    • through Embud2 – 58,000,000 (fifty eight million) ordinary bearer shares of Cyfrowy Polsat, constituting 9.07% of the share capital of the Company and carrying the right to 58,000,000 (fifty eight million) votes at the General Meeting of the Company, representing 7.08% of the total number of votes at the General Meeting of the Company;
    • through Argumenol – 63,948 ordinary bearer shares of Cyfrowy Polsat, constituting 0.01% of the share capital of the Company and carrying the right to 63,948 votes at the General Meeting of the Company, representing 0.01% of the total number of votes at the General Meeting of the Company.

Following the Transactions Mr. Solorz currently holds indirectly, through entities controlled indirectly and directly by him, that is Reddev, Karswell, Embud2 and Argumenol 366,720,780 shares of Cyfrowy Polsat, constituting 57.34% of the share capital of the Company and carrying the right to 540,267,031 votes at the General Meeting of the Company, representing 65.97% of the total number of votes at the General Meeting of the Company. The above shares consist of:

  • 173,546,251 registered, privileged with respect to votes shares of Cyfrowy Polsat, constituting 27.13% of the share capital of the Company and carrying the right to 347,092,502 votes at the General Meeting of the Company, representing 42.38% of the total number of votes at the General Meeting of the Company held through Reddev, and
  • 193,174,529 ordinary bearer shares of Cyfrowy Polsat, constituting 30.21% of the share capital of the Company and carrying the right to 193,174,529 votes at the General Meeting of the Company, representing 23.59% of the total number of votes at the General Meeting of the Company held through the following entities:
    • through Reddev - 1,699,420 ordinary bearer shares of Cyfrowy Polsat, constituting 0.27% of the share capital of the Company and carrying the right to 1,699,420 ordinary votes at the General Meeting of the Company, representing 0.21% of the total number of votes at the General Meeting of the Company;
    • through Karswell - 133,411,161 ordinary bearer shares of Cyfrowy Polsat, constituting 20.86% of the share capital of the Company and carrying the right to 133,411,161 votes at the General Meeting of the Company, representing 16.29% of the total number of votes at the General Meeting of the Company;
    • through Embud2 - 58,000,000 ordinary bearer shares of Cyfrowy Polsat, constituting 9.07% of the share capital of the Company and carrying the right to 58,000,000  votes at the General Meeting of the Company, representing 7.08% of the total number of votes at the General Meeting of the Company;
    • through Argumenol – 63,948 ordinary bearer shares of Cyfrowy Polsat, constituting 0.01% of the share capital of the Company and carrying the right to 63,948 votes at the General Meeting of the Company, representing 0.01% of the total number of votes at the General Meeting of the Company.

Current report no. 7/2018

April

Karswell Limited

On April 26, 2018, Karswell Limited disposed of 123,411,161 ordinary bearer shares of the Company.

Prior to the transaction, Karswell Limited held directly 133,411,161 ordinary bearer shares of Cyfrowy Polsat, constituting 20.86% of the share capital of the Company and carrying the right to 133,411,161 votes at the General Meeting of the Company, representing 16.29% of the total number of votes at the General Meeting of the Company.

Following the transaction, Karswell Limited holds directly 10,000,000 ordinary bearer shares of Cyfrowy Polsat, constituting 1.56% of the share capital of the Company and carrying the right to 10,000,000 votes at the General Meeting of the Company, representing 1.22% of the total number of votes at the General Meeting of the Company.

Current report no. 13/2018

Reddev Investments Limited

On April 26, 2018, Reddev Investments Limited acquired 23,411,161 ordinary bearer shares of the Company.

Prior to the acquisition of shares, Reddev Investments Limited held directly 175,245,671 shares of Cyfrowy Polsat, constituting 27.40% of the share capital of the Company and carrying the right to 348,791,922 votes at the General Meeting of the Company, representing 42.59% of the total number of votes at the General Meeting of the Company. The above shares consist of:

  • 173,546,251 registered, privileged with respect to votes shares of Cyfrowy Polsat, constituting 27.13% of the share capital of the Company and carrying the right to 347,092,502 votes at the General Meeting of the Company, representing 42.38% of the total number of votes at the General Meeting of the Company, and
  • 1,699,420 ordinary bearer shares of Cyfrowy Polsat, constituting 0.27% of the share capital of the Company and carrying the right to 1,699,420 votes at the General Meeting of the Company, representing 0.21% of the total number of votes at the General Meeting of the Company.

Following the acquisition of shares, Reddev Investments Limited holds directly 298,656,832 shares of Cyfrowy Polsat, constituting 46.70% of the share capital of the Company and carrying the right to 472,203,083 votes at the General Meeting of the Company, representing 57.66% of the total number of votes at the General Meeting of the Company. The above shares consist of:

  • 173,546,251 registered, privileged with respect to votes shares of Cyfrowy Polsat, constituting 27.13% of the share capital of the Company and carrying the right to 347,092,502 votes at the General Meeting of the Company, representing 42.38% of the total number of votes at the General Meeting of the Company, and
  • 125,110,581 ordinary bearer shares of Cyfrowy Polsat, constituting 19.56% of the share capital of the Company and carrying the right to 125,110,581  votes at the General Meeting of the Company, representing 15.28% of the total number of votes at the General Meeting of the Company.

Current report no. 14/2018

2017

July

On July 12, 2017, Sensor Overseas Limited acquired 171,250 registered preferred shares of the Company privileged with respect to votes. following this transaction Sensor holds directly a total of 55,092,796 shares of the Company, constituting 8.61% of the Company's share capital carrying the right to 82,005,421 votes at the Company's General Meeting, which constitute 10.01% of the total number of votes at the General Meeting of the Company, comprising:

  • 26,912,625 registered preferred shares, constituting 4.21% of the Company's share capital carrying the right to 53,825,250 votes at the Company's General Meeting, which constitute 6.57% of the total number of votes at the General Meeting of the Company; and 
  • 28,180,171 ordinary bearer shares, constituting 4.41% of the Company's share capital carrying the right to 28,180,171 votes at the Company's General Meeting, which constitute 3.44% of the total number of votes at the General Meeting of the Company.

2015

March

Argumenol disposed to Embud Sp. z o.o. 28,415,173  ordinary series J bearer shares of the Company. As a result of the above mentioned transaction, Embud holds 58,063,948 shares of the Company, constituting 9.08% of the Company's share capital, representing 58,063,948 votes at the general meeting of the Company, which constitutes 7.09% of the total number of votes in the Company. Following the above mentioned transaction, Argumenol does not hold shares of the Company. 

2014

December 

  • Argumenol disposed to Embud Sp. z o.o. 29,648,775 ordinary series J bearer shares of the Company. As a result of the above mentioned transaction, Argumenol holds 28,415,173 shares of the Company, constituting 4.44% of the Company's share capital, representing 28,415,173 votes at the general meeting of the Company, which constitutes 3.47% of the total number of votes in the Company.
  • Sensor Overseas Ltd. - the Company's shareholder - issued new shares (representing ca. 76% of Sensor's capital following its increase) which have been taken up by EVO Holding Ltd., being a subsidiary of the EVO Foundation (Foundation), which resulted in Sensor becoming an indirect subsidiary of the Foundation. Following the share issue by Sensor, the Foundation holds, via Sensor, for which EVO, a subsidiary of the Foundation, is a directly dominant entity, 54,921,546 shares in the Company, constituting 8.59% of the Company's share capital which represent 81,662,921 votes at the general meeting of the Company, which constitutes 9.97% of the total number of votes in the Company. 

Spetember

European Bank for Reconstruction and Development (EBRD) disposed of 15,596,026 shares of the Company. Following the disposal of shares, the EBRD holds 31,664,664 of the Companies’ shares, representing 4.95% of the Company’s share capital and carrying the right to 31,664,664 votes at the General Meeting of the Company, which constitute 3.87% of the total number of votes at the Company’s General Meeting.

June

Sensor Overseas Limited, entity controlled by Mr. Heronim Ruta, acquired 1,700,000  registered preferred shares privileged with respect to votes shares of the Company. Following this transaction Mr. Heronim Ruta holds indirectly a total of 54,921,546 shares of the Company, constituting 8.59% of the Company's share capital carrying the right to 81,662,921 votes at the Company's General Meeting, which constitute 9.97% of the total number of votes at the General Meeting of the Company, comprising:

  • 26,741,375 registered preferred shares, constituting 4.18% of the Company's share capital carrying the right to 53,482,750 votes at the Company's General Meeting, which constitute 6.53% of the total number of votes at the General Meeting of the Company; and 
  • 28,180,171 ordinary bearer shares, constituting 4.41% of the Company's share capital carrying the right to 28,180,171 votes at the Company's General Meeting, which constitute 3.44% of the total number of votes at the General Meeting of the Company.

May

As a result of an increase in the Company's share capital by issuance of 291,193,180 Series I and Series J ordinary bearer shares, and the acquisition of these shares by entitled persons, the shareholding structure of the Company has changed. Currently, the share capital consists of 639,546,016 shares representing 818,963,517 votes in the General Meeting of Shareholders.

1. Following the acquisition of 47,260,690 Series I shares the European Bank for Reconstruction and Development currently holds 47,260,690 ordinary bearer shares in the Company constituting 7.39% of the Company's share capital, carrying the right to 47,260,690 votes at the General Meeting of the Company, which constitute 5.77% of the total number of votes at the General Meeting of the Company.

2. Following the acquisition of 27,880,274 Series J shares Sensor Overseas Limited currently holds 53,221,546 ordinary bearer shares in the Company constituting 8.32% of the Company's share capital, carrying the right to 78,262,921 votes at the General Meeting of the Company, which constitute 9.56% of the total number of votes at the General Meeting of the Company. Sensor Overseas Limited is controlled by Mr. Heronim Ruta, Member of the Supervisory Board.

3. Following the issue of Series I and Series J shares Pola Investments Limited ("Pola"), an indirect subsidiary of Mr. Zygmunt Solorz-Żak, in relation to which a direct parent entity is TiVi Foundation, a direct subsidiary of Mr. Zygmunt Solorz-Żak, currently holds a total of 154,204,296 shares in the Company constituting 24.11% of the Company's share capital, carrying the right to 306,709,172 votes at the General Meeting of the Company, which constitute 37.45% of the total number of votes at the General Meeting of the Company, comprising:

(a) 152,504,876 registered preferred shares, constituting 23.85% of the Company's share capital, carrying the right to 305,009,752 votes at the General Meeting of the Company, which constitute 37.24% of the total number of votes at the General Meeting of the Company; and
(b) 1,699,420 ordinary bearer shares, constituting 0.27% of the Company's share capital, carrying the right to 1,699,420 votes at the General Meeting of the Company, which constitute 0.21% of the total number of votes at the General Meeting of the Company.

4. Following the acquisition of 157,988,268 Series J shares Karswell Limited ("Karswell") currently holds 157,988,268 ordinary bearer shares in the Company constituting 24.70% of the Company's share capital, carrying the right to 157,988,268 votes at the General Meeting of the Company, which constitute 19.29% of the total number of votes at the General Meeting of the Company. Karswell is controlled by Mr. Zygmunt Solorz-Żak, Chairman of the Supervisory Board.

5. Following the acquisition of 58,063,948 Series J shares Argumenol Investment Company Limited ("Argumenol") currently holds 58,063,948 ordinary bearer shares in the Company constituting 9.08% of the Company's share capital, carrying the right to 58,063,948 votes at the General Meeting of the Company, which constitute 7.09% % of the total number of votes at the General Meeting of the Company. Argumenol is controlled by Mr. Zygmunt Solorz-Żak, Chairman of the Supervisory Board.

6. Following the issue of Series I and Series J shares, entities controlled Mr. Zygmunt Solorz-Żak: TiVi Foundation, Karswell and Argumenol, hold a total of 370,256,512 shares in the Company, constituting 57.89% of the Company's share capital, carrying the right to 522,716,388 votes at the General Meeting of the Company, which constitute 63.83% of the total number of votes at the General Meeting of the Company.

7. Pola transferred 154,204,296 shares in the Company to Reddev Investments Limited ("Reddev"), a direct subsidiary of Pola, in the form of a non-cash contribution. Following this transaction Reddev holds directly, and Pola holds indirectly through Reddev, a total of 154,204,296 shares in the Company, constituting 24.11% of the Company's share capital, carrying the right to 306,709,172 votes at the General Meeting of the Company, which represent 37.45% of the total number of votes at the General Meeting of the Company, comprising:

(a) 152.504.876 registered preferred shares, constituting 23.85% of the Company's share capital, carrying the right to 305.009.752 votes at the General Meeting of the Company, representing 37.24% of the total number of votes at the General Meeting of the Company, and
(b) 1.699.420 ordinary bearer shares constituting 0.27% of the Company's share capital, carrying the right to 1.699.420 votes at the General Meeting of the Company, representing 0.21% of the total number of votes at the General Meeting of the Company.

2012

March

  • Pola Investmets Ltd. disposed 25,341,272 of the Company's shares. Following the transaction, Pola Investments holds holds 154,204,296 of the Company's shares constituting 44.27% of the Company's share capital and representing 306,709,172 votes at the general meeting of the Company, which constitutes 58.11% of total number of votes in the Company.
  • Sensor Overseas Ltd. acquired 25,341,272 of the Company's shares. After the transfer of shares Sensor holds 25,341,272 of the Company's shares constituting 7.27% of the Company's share capital and representing 50.382.647 votes at the general meeting of the Company, which constitutes 9.55% of total number of votes in the Company.

January

Pola Investmets Ltd. acquired by way of donation received from its sole shareholder, i.e. Delas Holdings Limited the total of 168,941,818 of the Company's shares. After the Transaction, Delas does not hold any Company's shares. Following the Transaction abovementioned, Pola Investments holds 168,941,818 of the Company's shares constituting 48.5% of the share capital of the Company and representing 335,884,319 votes at the general meeting, which constitutes 63.64% of the total number of votes in the Company.

2011

December

In course of liquidation of Polaris Finance B.V. in liquidation, Delas Holdings Limited, incorporated under the laws of Malta, as the sole shareholder of Polaris acquired the total of 168,941,818 of the Company's shares. After the transaction, Polaris does not hold any Company's shares. Following the transaction, Delas holds 168,941,818 of the Company's shares constituting 48.5% of the share capital of the Company and representing 335,884,319 votes at the general meeting, which constitutes 63.64% of the total number of votes in the Company.

June

  • Polaris Finance B.V. sold 6,083,182 dematerialized registered shares. As a result of this transaction the number of shares held by Polaris Finance B.V. decreased from 175,025,000 to 168,941,818 shares constituting 48.5% of the share capital of the Company and representing 335,884,319 votes at the general meeting, which constitutes 63.64% of the total number of votes in the Company.
  • Karswell Limited sold 6,083,182 shares. As result of the transaction the Shareholder does not hold any Company's shares, either directly or indirectly.

April

As a result of an increase in the Company's share capital by issuance of 80,027,836 Series H ordinary bearer shares, and the acquisition of this shares by eligible persons, the shareholding structure has changed. Currently, the share capital consists of 348,352,836 shares representing 527,770,337 votes in the General Meeting of Shareholders. By taking up 53,887,972 shares of Series H, Karswell Limited holds 15.47% of the share capital of the Company representing 10.21% of votes at the General Meeting. After the change in the number of shares of the Company, 175,025,000 shares held by Polaris Finance B.V. represent 50.24% of the share capital of the Company, representing 64.79% of votes at the General Assembly.

2010

April

Polaris Finance B.V. sold 7,918,750 dematerialized registered shares. As a result of this transaction the number of shares held by Polaris Finance B.V. decreased from 182,943,750 shares to 175,025,000 shares which account for 65.23% of the share capital of the Company entitling to 341,967,501 votes in the General Meeting of Shareholders of the Company which accounts for 76.38% of the total number of votes in the General Meeting of Shareholders of Cyfrowy Polsat S.A.

2009

April

Mr. Zygmunt Solorz-Żak, the President of the Supervisory Board of Cyfrowy Polsat S.A. made feedback transfer of 20,000,000 dematerialized registered shares of the Company, privileged as to the number of votes in the ratio of 2 to 1 to, Polaris Finance B.V. After completing the transaction Polaris Finance S.A. holds 182,943,750 shares of the Company which account for 61.18% of the share capital of the Company entitling to 357,968,750 votes in the General Meeting of Shareholders of the Company which accounts for 78.53% of the total number of votes in the General Meeting of Shareholders of Cyfrowy Polsat S.A.

2008

December

Polaris Finance B.V. sold 20,000,000 dematerialized registered shares of the Company, privileged as to the number of votes in the ratio of 2 to 1 to Mr. Zygmunt Solorz-Żak, the President of the Supervisory Board of Cyfrowy Polsat S.A. After completing the transaction Polaris Finance S.A. holds 162,943,750 shares of the Company which account for 60.73% of the share capital of the Company entitling to 317,968,750 votes in the General Meeting of Shareholders of the Company which accounts for 69.76% of the total number of votes in the General Meeting of Shareholders of Cyfrowy Polsat S.A.

April

In the Secondary Public Offering Polaris Finance B.V. sold 67,081,250 shares. As a result of this public offering the number of shares held by Polaris Finance B.V. changed from 250,025,00 shares to 182,943,750 shares.

Last updated 03/04/2024