In performance of the requirement arising under Art. 70.1 of the Act on Public Offering of July 29th 2005, the Management Board of Inter Cars S.A. ("Company") publishes the notification it received from the pension fund company AVIVA Powszechne Towarzystwo Emerytalne Aviva BZ WBK S.A., acting on behalf of the open-end pension fund Aviva Otwarty Fundusz Emerytalny Aviva BZ WBK ("Aviva OFE"). Below is the full text of the notification:
“In performance of the obligation arising under Art. 69.1 and Art. 69.4 of the Act on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organised Trading, and Public Companies, dated July 29th 2005 (Dz. U. No. 184, item 1539), we wish to inform you that as a result of share purchase transactions involving shares in Inter Cars S.A. ("Company") of Warsaw executed on January 15th 2013, the share of Aviva Otwarty Fundusz Emerytalny Aviva BZ WBK ("Aviva OFE”) in the total voting rights in the Company exceeded 10%.
On January 18th 2013, that is following the execution and settlement of the transactions, Aviva OFE held 1,429,607 Company shares, representing 10.09% of the Company's share capital (outstanding shares) and conferring the right to 1,429,607 votes, or 10.09% of the total votes, at its General Meeting.
The shares are a portfolio investment. Aviva OFE may further increase its shareholding in the Company within the 12 months from the date hereof with a view to maximising investment security and returns. We further inform you that under the Act on the Organisation and Operation of Pension Funds and secondary regulations issued thereunder, Aviva OFE's share in the Company's share capital may not exceed 20%. The fund may also sell Company shares if their value or related investment risk reaches a certain level."
Legal basis:Art. 70.1 of the Public Offering Act – acquisition or sale of a significant block of shares