Current Report 104/2011
Acquisition of assets of considerable value, disposition of organized part of the enterprise, concluding a significant agreement
The Management Board of the Mint of Poland (the "Company") hereby informs that on December 22, 2011, the Company received from the Eko-Techonolgie Logistyka Sp. z o.o. Company with the registered seat in Warsaw ("Eko-Technologie") - the company fully dependent on the Company, an offer to take up all 6,036,000 new shares with the nominal value of PLN 50.00 each settled on the basis of the resolution No. 1 of the Eko-Technologie shareholders meeting on December 22, 2011 by virtue of which the company capital of the Eko-Technologie was increased by the amount of PLN 301,800,000 to the sum of PLN 301,806,000 by way of issuing 6,036,000 new shares with the nominal value of PLN 50.00 (fifty Polish zloty) each and with the total value of PLN 301,800,000.
As a result of accepting the subject offer, the Company made a statement on taking up all 6,036,000 new shares with the nominal value of PLN 50.00 (fifty Polish zloty) each and with the total value of PLN 301,800,000 and obliged itself to cover them with the non-cash contribution in the form of the collection of tangible and intangible assets including liabilities, separated as an organized part of the Mint of Poland and organized in the form of: The Mint of Poland Trade and Marketing Division in Warsaw ("Division"). The contribution includes all tangible and intangible assets functionally connected with the Division operation and comprised in the Division accounting records.
Due to the above, a contribution-in-kind agreement was concluded between the Company and Eko-Technologie by virtue of which the subject of the contribution, i.e. the Division, was transferred to Eko-Technologie.
Eko-Technologie is an entity which is fully dependent on the Company.
The criterion of considering the assets as significant - the value of the shares that were taken up and the value of the contribution subject exceed 10% of the Company's own capital.
Mennica Polska S.A.
