Announcements

The Minister of Treasury hereby invites to negotiations regarding the purchase of shares of the company: Bydgoskie Zakłady Przemysłu Gumowego „STOMIL” S.A. with registered office in Bydgoszcz

The Minister of Treasury, ul. Krucza 36/Wspólna 6, 00-522 Warszawa, acting on behalf of the Treasury, pursuant to Article 33(1)(3) 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 pursuant to the Resolution of the Council of Ministers of 17 February 2009 on the Detailed Procedure of Selling Treasury Shares (Journal of Laws of 2009 No. 34, item 264, as amended), hereby invites all interested parties to negotiations regarding the purchase of up to 2,641,460 (two million six hundred forty-one thousand four hundred and sixty) ordinary registered shares held by the Treasury, for one buyer, of a nominal value of PLN 10.00 (ten zloty) each, constituting up to 85% of the share capital, however not less than 10% of the shares by one buyer, of the company Bydgoskie Zakłady Przemysłu Gumowego “Stomil” S.A. with registered office in Bydgoszcz, ul. Toruńska 155, 85-950 Bydgoszcz, hereinafter referred to as the “Company”.
 
Pursuant to Article 36 of the Act, eligible employees of the Company are entitled to a free acquisition of up to 15% of the Company’s shares taken up by the Treasury on the day of registration of the Company. Pursuant to Article 36a of the Act, in case of reduction of the Treasury’s share capital before the day of sale by the Treasury of first shares on general principles, the eligible employees shall be entitled to acquire free-of-charge up to 15% of the Treasury’s shares in the Company’s share capital upon registration of such share capital reduction. The Minister of Treasury allows the possibility of sale of an additional number of shares that were not acquired by eligible employees to an entity selected through the present negotiations.
 
The core business activity of the Company is manufacture of rubber products, cords and sealings, spatially shaped hoses, shaped rubber hoses, and moulding articles.
 
Entities who by the day immediately preceding the day of submitting written replies to the public invitation to negotiations regarding the purchase of the Company’s shares will indicate their interest in the purchase of the Company’s shares and present an Extract from the Register of Entrepreneurs or a Certificate of Entry in the Register of Business Activity, showing the current representation of the entity (certificate must not be older than three months), and if the interested party is a natural person who is not an entrepreneur – present an identity document, and upon signing the document “Confidentiality Obligation” by the Potential Investor or its duly authorized representative, they shall receive a “Company Memorandum”, containing information on the Company’s legal, economic and financial standing, as well as on the structure of replies to the publicly announced invitation to negotiations.
 
Declarations of interest in purchasing the Company’s shares should be submitted to the company:
 
ABC Consulting sp. z o.o.
ul. Grunwaldzka 102, 80-244 Gdańsk
Tel.: (58) 3414365 or 3461558, Fax: (58) 3441608
 
acting as the advisor of the Ministry of Treasury in the privatisation of the Company (the “Advisor”).
 
The person responsible for receiving applications and releasing the Company Memorandum is: Mr. Dariusz Łapiński and Mr. Łukasz Rzepka.
 
The subject of negotiations shall be in particular: the price of the shares purchased; the Company development program suggested by the Potential Investor, including, among others, the commitment to raise the share capital, and other investment commitments; commitments with respect to environmental protection; commitments with respect to protection of the interest of Company employees and other persons associated with the Company; the manner of securing the execution of such commitments.
 
Written replies to the public invitation to negotiations regarding the purchase of the Company’s shares must be filed by Potential Investors (who collected the Company Memorandum) by 22 January 2010 (2:00 PM Warsaw time).
 
Replies of Potential Investors should be made in the Polish language and filed in duplicate, in a sealed envelope, at the Ministry of Treasury, ul. Krucza 36/Wspólna 6, 00-522 Warszawa, Front Office of the Department of Ownership Supervision and Privatization I, room 477, tel. (022) 695-87-92, fax (022) 629-80-97.
 
The envelopes must be labelled with the identification details of the Potential Investor and be marked:
 
„Odpowiedź na publiczne zaproszenie do negocjacji w sprawie nabycia pakietu akcji Bydgoskich Zakładów Przemysłu Gumowego „STOMIL” S.A. z siedzibą w Bydgoszczy - nie otwierać”
(Reply to the written invitation to negotiations regarding the purchase of shares of the Bydgoskie Zakłady Przemysłu Gumowego „STOMIL” S.A. with registered office in Bydgoszcz – Do not open).
 
Considered will only be replies made by Potential Investors who signed the “Confidentiality Obligation” and collected the “Company Memorandum”.
 
The Minister of Treasury reserves the right to request additional clarifications from Potential Investors who submitted replies to the public invitation to negotiations.
 
The Minister of Treasury will notify (by registered letter sent by 19 February 2010) each of the Potential Investors who submitted replies to the public invitation to negotiations, of the result of examination of such replies.
 
The Minister of Treasury reserves the right to: select one or several Potential Investors with whom negotiation shall be conducted; terminate negotiations without giving reasons, extend the date for submitting replies to the public invitation for negotiations, extend the date for notifying Potential Investors of the result of examination of replies, and to change the procedure and schedule of negotiations.
 
The Minister of Treasury is not responsible for any costs incurred by Potential Investors in connection with their participation in the negotiations and with conclusion of a share purchase agreement for the Company’s shares.

 

 

Publication date : 16.12.2009

Published by : Aleksandra Karpowicz
Author : Public Relations Office

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