Current report No.43 /2007 dated 20 December 2007 - SHARE CAPITAL INCREASE AND THE ISSUANCE OF 110,000 SHARES OF THE COMPANY
The Board of Managing Directors of Cinema City International N.V. (the "Company") informs that on 19 December 2007 the share capital of the Company was increased by the amount of EUR 1,100 from EUR 507,240 to EUR 508,340 by issuance of 110,000 ordinary bearer shares of the Company with a nominal value of EUR 0.01. The share issuance was effected within the authorized share capital of the Company reserved for issuance under the 2006 Long Term Incentive Plan (in total up to 930,000 shares) to meet the Company’s obligations arising under the 2006 Long Term Incentive Plan towards grantees that in December 2007 exercised their options for the Company’s shares and with exclusion of the pre-emptive rights of the existing shareholders. The respective resolution of the Board of Managing Directors was adopted on 19 December 2007 and on 19 December 2007 was approved by the Supervisory Board. The issue price of each new share (the option exercise price) was PLN 19.3 which equals to the final share price determined in the Company’s initial public offering conducted in December 2006.
As a result, the issued and paid-up share capital of the Company is set at EUR 508,340 and is divided into 50,834,000 ordinary bearer shares with a nominal value of EUR 0.01 each. Each new share gives the right to exercise one voting right at the general meeting of the Company’s shareholders. The total number of voting rights at the general meeting of shareholders is 50,834,000. The number of shares in the authorized capital reserved for issuance under the 2006 Long Term Incentive Plan decreased to up to 820,000 shares.
The Company further informs that under Dutch regulations the registration of the share capital increase with the Chamber of Commerce in Amsterdam, The Netherlands, is purely of declaratory nature and has no impact on the effectiveness of the share capital increase and share issuance.
Legal grounds: Art. 56.1.2 of the Act on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organized Trading, and Public Companies dated 29 July 2005 in conjunction with § 5.1.9 of the Ministry of Finance Regulation of 19 October 2005 on ongoing and periodical information to be provided by securities issuers.
A signature of persons authorised to represent the Company:
Mr. Israel Greidinger – a Managing Director, proxy