Information  X 
Enter a valid email address

Telekomunikacja Pol. (OPLD)

  Print      Mail a friend

Tuesday 17 February, 2004

Telekomunikacja Pol.

current report

Telekomunikacja Polska S.A.
17 February 2004


                         LSE- Current report (20/2004),

              Telekomunikacja Polska S.A. (TPSA) - Warsaw, Poland

                                17 February 2004


Pursuant to art. 5, clause 1, item 1 of the Decree of the Council of Ministers
of 16 October 2001 on current and periodic information disclosed by issuers of
securities (Journal of Laws of 2001 no. 139, item 1569, as amended) the
Management Board of Telekomunikacja Polska S.A. ('TP S.A.') announces that TPSA
Finance B.V. and TPSA Eurofinance B.V. have acquired assets of significant
value.


On 16 February 2004, TP S.A. received information that on 6 February 2004 TPSA
Finance B.V. and TPSA Eurofinance B.V. had been transferred the ownership of
shares of a French company RAPP28. TPSA Finance B.V. and TPSA Eurofinance B.V.,
TP S.A.'s subsidiaries, have acquired RAPP28's shares from Cogecom S.A., a
subsidiary of France Telecom S.A., for the total price equal to the PLN
equivalent of €38,040. The sale price has been fixed at nominal value, i.e. €15
per share.

TPSA Finance B.V. has acquired 1,268 shares, constituting 49.9% interest in the
Share Capital of RAPP28 and corresponding to 49.9% of the total number of votes
at the Shareholders' Meeting of the latter. TPSA Eurofinance B.V. has acquired
1,268 shares, constituting 49.9% interest in the Share Capital of RAPP28 and
corresponding to 49.9% of the total number of votes at the Shareholders' Meeting
of the latter. As a result of the transaction, both Dutch companies have
acquired the total of 99.8% of shares of RAPP28, corresponding to 99.8% of the
total number of votes at the Shareholders' Meeting thereof.

The acquisition of shares has been financed with TPSA Finance B.V. and TPSA
Eurofinance B.V.'s own funds and constitutes a long-term capital investment. The
shares will be shown in the accounting records of the Dutch companies at cost.

RAPP28 is a French limited liability company (Societe Anonyme), having its
registered office in Paris. The share capital of RAPP28 totals €38,115 and is
divided into 2,541 shares of nominal value of €15 each.

In addition to TPSA Finance B.V. and TPSA Eurofinance B.V., RAPP28 is owned by
five natural persons, French citizens (as required by French regulations),
holding one share, constituting 0.04% interest in the Share Capital of the
company, each. Their aggregate interest corresponds to 0.2% of the total number
of votes at the Shareholders' Meeting of RAPP28.


The purpose of the company is the investment and investment management on its
own account, particularly drawing loans from TPSA Finance B.V. and TPSA
Eurofinance as well as purchasing securities issued by TP S.A.


End.



                      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