Tytuł

18 October 2013. Compulsory redemption of POL-AQUA shares and delisting them from the regulated marked operated by the Warsaw Stock Exchange.


The process of compulsory redemption of POL-AQUA shares began on 18 October 2013. The redemption date was set on 23 October 2013. DRAGADOS acquired 27,500,100 POL-AQUA shares constituting 100% of the Company's share capital entitling it to exercise 27,500,100 votes at the Company's General Meeting, representing 100% of the total number of votes at the Company's General Meeting.

On 25 October 2013 the main shareholder decided to delist POL-AQUA shares from the regulated market operated by the Warsaw Stock Exchange.

As of 10 December 2013, the Management Board of the Warsaw Stock Exchange decided to delist P.R.I. "POL-AQUA" S.A shares in line with the application of the main shareholder.

On 23 July 2013 DRAGADOS S.A. with its registered office in Madrid announced a tender offer for the sale of POL-AQUA shares


As a result of the announced tender offer for the sale of P.R.I. "POL-AQUA" S.A. shares, DRAGADOS S.A. acquired 26,450,555 POL-AQUA shares constituting 96,18% of the Company's share capital entitling it to exercise 26,450,555 votes at the Company's General Meeting, representing 96.18% of the total number of votes at the Company's General Meeting. The intention of Dragados S.A. was to achieve 100% shareholding in POL-AQUA.

On the 30th of July 2009, DRAGADOS S.A. located in Madrid, announced selling of POL-AQUA shares.


On the 30th of October 2009, as a result of summons, Dragados SA became the owner of 18 150 066 of shares P. R. I. “POL-AQUA” S.A., which constitutes 66% of the total number of votes on general meeting of the Company.

In view of the above, Dragados S.A., a Spanish law company, with its registered office in Madrid, on the basis of article 4, § 1, point a, of a Code of commercial Companies, became a dominant company towards P. R. I. “POL-AQUA” S.A, as a dependent company.

"POL-AQUA enters a new development phase. Cooperation with Dragados gives to our company possibilities, which we could only dream about, without such a strong partner. Reinforced with the technical and financial support of Dragados, we can apply for multibillion orders, which for POL-AQUA itself, would be unattainable for the next few years. It becomes quite possible within the few nearest years to build the biggest and the strongest building company in Poland"  – Piotr Chełkowski, the current President of the Management Board, said.

On July 30, 2007, shares of P.R.I. "POL-AQUA" S.A. were for the first time floated on the Warsaw Stock Exchange


The public offer included 3,000,000 subscription rights to F shares and 1,000,000 B shares. Within the institutional tranche, 2,250,000 subscription rights for F shares and 750,000 B shares were offered, while in the open one – 750,000 subscription rights for F shares and 250,000 B shares. The price per share within the public offer totalled PLN 77. Subscriptions book-building reduction amounted to 90.9%, and in the open tranche – to 95.5%.

„The floating was successful. The investors put their trust in us at the stage of the public offer and I believe that their put at least equal hopes in our further development. Thanks to gained capitals we shall complete the announced investments and execute acquisitions. It is our task for now to make gained funds profitable and evidence to the investors, that "POL-AQUA" S.A. is sound and long-term investment.” – said Marek Stefański, president of the Management Board and main shareholder of the company.

Company leveraged mPLN 231 (gross) from the issue of new shares. The issue goals comprised: acquisitions (mPLN 80), increase in working capital (mPLN 66), pumping the Kampol subsidiary, executing the project consisting in launching of excavation of granite and marble (mPLN 17.5), pumping the Kampol subsidiary, executing construction of steel structures works (mPLN 16.5), purchase of construction and transport equipment (mPLN 30) and building up the equipment and transport base (mPLN 12).
 
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