And my translator is at work. She doesn't finish until 5.30 today.
Sisu Capital is brought new arguments in a dispute with companies Zbigniew Jakubas of Netia. It is an attempt to force - contend the defendants. EDITORIAL BOARD RECOMMENDS 08/04/2016 Netia's results in the second quarter. 2016, better than expected 17/07/2016 A joint project of Orange and Netia 06/09/2016 Dividend Netia two times higher than that proposed by the Management Another installment in a dispute Netia's shareholders. With nearly 13 percent. US shares of the fund Sisu Capital in June protested against certain resolutions of this year's annual general meeting of telecom, and now asked the court to invalidate them. Thus, a conflict minority shareholder with companies known businessman Zbigniew Jakubas, began to involve a wider group of stock market investors. Against three resolutions As reported by Netia, Sisu requires the court to repeal the three resolutions: approving the Management Board report on the activities of the company in 2015., The adoption of the consolidated report for the last year and discharge for Jakubas, chairman of the supervisory board of telecom and - indirectly - the main shareholder. Family Zbigniew Jakubas controls the Polish Mint, which, in turn, has about 16 percent. Netia shares. 20 percent. the stock has the fund FIP FIZ 11 non-public assets. What is important to the other shareholders, Sisu does not challenge in court the resolutions relating to the separate financial statements and dividend payment. Netia believes action Sisu unfounded and will propose that it be dismissed. It is estimated that all resolutions of the shareholders' meeting has been taken in accordance with the law. "Reasons for challenging only the three above mentioned resolutions are not for the company's fully understandable" - reads the statement signed by comprising the board of Catherine Iwuć and Cezary cottage. SISU action must be read together with the earlier lawsuit filed by the Fund against the company for a group of Mint and FIP's attention. Sisu demands to receive the bodies of voting rights of the shares in Netia. It believes that the values have been acquired in violation of the regulations, because new investors, buying significant blocks of shares, should they announce the call.
Is this a revolt?
- We're nowhere investor. We have a well prepared legal service and assure that the accusations Sisu have no basis. Bought shares over eight months, slowly, 1, 1.5 percent. - He tells us Zambrzycki Gregory, president of the Polish Mint.
- Dispute sued us by Sisu Capital does not have a sequel in court. Not held no hearings and from what I know, there is no deadline - given.
In his opinion, the matter is clear: - That revolt Sisu, which aims to, we offered them redemption package at non-market price. Such proposals have already been submitted to us - he added.
Mint of Poland and FIP appeared in Netia in 2014. Similarly fund of MCI, founded by Tomasz Czechowicz. But he left among shareholders US fund Third Avenue, for a long time looking for a way to liquidate assets.
Which of these shareholders sold qualities, it can not be clearly stated.
It is known, however, that the exchange took place shortly before the takeover by Netia cable TV Vectra. Announced by the cable TV call failed. Gdansk operator second offer to the market is no longer made.
As announced Netia, recently sold part of the shares Mirosław Godlewski, a former president, now an independent member of the supervisory board.
Godlewski, now an investor and expert. TMT Boston Consulting Group, assured us that this has no connection with the situation in the company, only his own plans implemented beyond. Does not comment on whether this is a good time to sell values.
