Current report No.03 /2010 dated 16 February 2010: SHARE CAPITAL INCREASE AND THE ISSUANCE OF 25,000 SHARES OF THE COMPANY
The Board of Managing Directors of Cinema City International N.V. (the "Company") informs that on 15 February 2010 the share capital of the Company was increased by the amount of EUR 250 from EUR 508,340 to EUR 508,590 by issuance of 25,000 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 February 2010 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 15 February 2010 and on 15 February 2010 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 508,590 and is divided into 50,859,000 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 50,859,000. The number of shares in the authorized capital reserved for issuance under the 2006 Long Term Incentive Plan decreased to up to 795,000 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: Article 5:53 and subsequent of the Dutch Act of 28 September 2006 on rules regarding the financial markets and their supervision (Act on Financial Supervision – Wft.) in conjunction with Article 56.1.1 and article 56.6 of the Polish Act on Public Offerings, Conditions governing the Introduction of Financial Instruments to Organized Trading and on Public Companies of 29 July 2005