The day of 26.03.2010 fixed for share split
23 March 2010
The Executive Board of LUG S.A. received a Resolution No. 153/10 of 22 March 2010 on fixing the day for the Issuer’s share split from the National Depository for Securities.
The Executive Board of the National Depository for Securities decided to fix the day of 26 March 2010 as the date for split of 35,992,850 shares of the Company, with face value of PLN 0.04, into 143,971,400 shares of the Company, with face value of PLN 0.01 each.
This decision makes reference to the Resolution of the Extraordinary Shareholders’ Meeting of LUG S.A. as of 15.02.2010 on reducing the face value of shares series A and B with the simultaneous proportional increase of their number without changing the share capital of the Company. That means for shareholders having the Issuer’s shares on the broker’s account that on 26 March 2010 the number of shares of LUG they possess shall be increased four times and, simultaneously, the value of each share they posses shall be decreased four times.
The Executive Board of the National Depository for Securities decided to fix the day of 26 March 2010 as the date for split of 35,992,850 shares of the Company, with face value of PLN 0.04, into 143,971,400 shares of the Company, with face value of PLN 0.01 each.
This decision makes reference to the Resolution of the Extraordinary Shareholders’ Meeting of LUG S.A. as of 15.02.2010 on reducing the face value of shares series A and B with the simultaneous proportional increase of their number without changing the share capital of the Company. That means for shareholders having the Issuer’s shares on the broker’s account that on 26 March 2010 the number of shares of LUG they possess shall be increased four times and, simultaneously, the value of each share they posses shall be decreased four times.