Information  X 
Enter a valid email address

Agora S.A. (AGOD)

  Print      Mail a friend

Thursday 02 January, 2003

Agora S.A.

Share Purchase - Replacement

Agora S.A.
02 January 2003

The issuer advises that this announcement replaces the Share Purchase
announcement released on RNS system under RNS number 6911F on 2 January 2003 at
07:05.

In the report there was stated an incorrect number of natural persons -
purchasers of shares of Agora SA as well as the number of shares acquired by
these persons.

All of the other details remain unchanged.

The full text of the corrected announcement is given below:



'The Management Board of Agora SA with its seat in Warsaw ('Agora') hereby
informs that on December 30, 2002 a member of the Management Board acquired from
Agora Holding Sp. z o.o. 899 series D ordinary bearer shares and 72,684 series B
ordinary bearer shares of Agora SA. The purchase of the shares was executed as a
result of exercising the contingent right to acquire shares resulting from
incentive plans carried out jointly by Agora and Agora Holding. The contingent
right to acquire shares was approved by the General Shareholders Meeting on June
24, 2002.



The table below illustrates the change in the ownership of shares and the right
to acquire shares resulting from the acquisition of the shares:



 a. Shares:

               as of 29/12/2002             change             as of 30/12/2002
Zbigniew Bak        18,901                  73,583                   92,484



 b. Contingent right to acquire shares:



               as of 29/12/2002             change             as of 30/12/2002
Zbigniew Bak        73,583                  -73,583                    0



The purchase price per share is PLN 1. The series D shares are subject to
lock-up by July 2004. The series B shares are subject to lock-up by July 2012 in
such a manner that each year the lock-up will expire in respect of 10% of the
initial number of shares unless some other conditions provided for in the
agreement between Agora Holding Sp. z o.o. and Agora SA and agreements limiting
the disposal of shares entered into by Agora Holding Sp. z o.o. and the Member
of the Board occur.



Moreover, on December 30, 2002 208 natural persons - beneficiaries of incentive
plans in Agora - acquired from Agora Holding 16,796 series D ordinary bearer
shares of Agora as well as 293 natural persons - as above - acquired from Agora
Holding 702,130 series B ordinary bearer shares of Agora. As in the case of the
member of the Management Board, the acquisition of shares was executed as a
result of exercising the contingent rights to acquire shares resulting from
incentive plans carried out jointly by Agora and Agora Holding. The contingent
right to acquire shares was approved by the General Meeting of Shareholders on
June 24, 2002.



The purchase price per share is PLN 1. The series D shares are subject to
lock-up by July 2004. The series B shares are subject to lock-up by July 2007 in
such a manner that each year the lock-up will expire in respect of 20% of the
initial number of shares unless some other conditions provided for in the
agreement between Agora Holding Sp. z o.o. and Agora SA and agreements limiting
the disposal of shares entered into by Agora Holding Sp. z o.o. and each of the
purchasers of the shares occur.



The Management Board of Agora does not intend to apply for listing the shares
subject to lock ups on the Warsaw Stock Exchange by the time these lock ups
expire.'



For further information contact:



Joanna Bazynska
Investor Relations
Phone: + 48 22 555 7343
e-mail: [email protected]


Anna Borys-Karwacka
Press Relations
Phone: + 48 22 555 4220
e-mail: [email protected]




                      This information is provided by RNS
            The company news service from the London Stock Exchange                                                                                                                             

a d v e r t i s e m e n t