The Minister of Treasury, with headquarters in Warsaw, ul. Krucza 36/Wspólna 6, 00-522 Warszawa, hereinafter referred to as the “Inviter”, acting on behalf of the Treasury, pursuant to Article 33(1)(2), in conjunction with Article 69(b) of the Commercialisation and Privatisation Act of 30 August 1996 (Journal of Laws of 2002 No. 171 item 1397 as amended), hereinafter referred to as the “Act”, and in accordance with the Resolution of the Council of Ministers of 17 February 2009 on the Detailed Procedure of Selling Shares Held by the Treasury (Journal of Laws of 2009 No. 34 item 264 as amended), hereinafter referred to as the “Resolution”, hereby invites interested parties to submit offers in a written public tender, hereinafter referred to as the “Tender”, to purchase the shares of a commercial company with Treasury participation, i.e.

ul. Sienkiewicza 9, 65-958 Zielona Góra

Tel: (068) 388 81 59, Fax: (068) 388 89 64

(hereinafter referred to as the “Company”).

 

1.    The object of the tender is 200,639 (two hundred thousand six hundred and thirty-nine) bearer shares, of a nominal value of PLN 2.81 each, constituting 3.76% of the total number of shares.

2.    The starting price for one share is PLN 0.03 (three groszy).

3.    Each tenderer must pay a security of PLN 300.00 (three hundred zloty) to the account of the Ministry of Treasury, account no. 13 1130 1017 0019 9426 2520 0007, held with Bank Gospodarstwa Krajowego, Branch No. I in Warsaw, by the date when the envelopes are to be opened.

 

The object of the tender is a minority stake of shares in the Company named in the Invitation.

 

In order to obtain the Seller’s documentation concerning the Company, the interested parties must:

1)      if the interested party is an entrepreneur – present, through its authorised representatives, a current transcript from the relevant Register of Entrepreneurs, and if the interested party is a natural person – present an identity document;

2)      sign the Confidentiality Obligation.

 

In order to gain access to the Seller’s documentation concerning the Company, the interested parties are under no obligation to meet the requirements specified in Article 4(7)(a) and Article 4(7)(b) of the Resolution.

 

Before participating in the Tender, each interested party is obliged to become familiar with the Detailed Terms and Conditions of Tender. The Detailed Terms and Conditions of Tender shall be made available to tenderers, free-of-charge, along with the Company Information and the sample Share Purchase Agreement specifying the method of payment for the Shares, starting from the day following the publication of this Invitation at the Inviter’s headquarters (room 327, 3rd floor).

 

Written offers to purchase the Company’s shares, prepared in accordance with the requirements presented in the Detailed Terms and Conditions of the Tender, must be submitted personally or through authorised representatives in sealed envelopes marked “Przetarg – oferta zakupu akcji Spółki Zielonogórskie Fabryki Mebli S.A.” (Tender – offer for the purchase of shares of the company Zielonogórskie Fabryki Mebli S.A.),with specified name of the tenderer, at the Inviter’s headquarters (room 329, 3rd floor). Each tenderer may submit only one offer for the purchase of Company’s shares.

 

A submitted offer shall be binding for the tenderer until the tenderer is advised of selecting another offer, however no longer than 4 months from the date of submitting the offer in the tender.

 

Tenderers will be notified of the tender results in writing immediately after the winning offer has been selected by the Inviter.

 

The Share Purchase Agreement will be concluded not later than 30 days after advising the tenderer that the tenderer’s offer won.

 

Payment of the price for the shares shall be made by bank transfer to the Inviter’s account no. 03 1010 1010 0025 1213 3920 0000, held with the National Bank of Poland (NBP), District Branch in Warsaw, within seven days from the conclusion of the Agreement. 

 

The security shall not be refunded in the events specified in the Detailed Terms and Conditions of Tender.

 

Offers shall be rejected if submitted after the deadline or failing to meet the terms and conditions specified in this Invitation.