Acquisition of Shares and Subscription Warrants of Netia S.A.Business Editors WARSAW Warsaw (wôr`sô), Pol. Warszawa, city (1993 est. pop. 1,655,700), capital of Poland and of Mazowieckie prov., central Poland, on both banks of the Vistula River. , Poland--(BUSINESS WIRE)--Aug. 25, 2003 Netia S.A. ("Netia") (WSE WSE Web Services Enhancements (Microsoft) WSE Warsaw Stock Exchange (Warsaw, Poland) WSE Symposium on Web Site Evolution (IEEE International Symposum) : NET), Poland's largest alternative provider of fixed-line Refers to wired devices. For example, a fixed-line phone is a standard phone with the handset wired to the base unit in contrast to a portable phone or cellphone. telecommunications services In telecommunication, the term telecommunications service has the following meanings: 1. Any service provided by a telecommunication provider. 2. , today announced that its management board was informed by Polish Enterprise Fund IV, L.P. (the "Shareholder") that as of August 25, 2003 the Shareholder held: (a) 9,012,520 shares of Netia, and (b) 18,520,889 subscription warrants, entitling the Shareholder to acquire Netia's series J shares. The Shareholder informed Netia that upon conversion of all of its subscription warrants into series J shares, all Netia's shares held by the Shareholder will give right to approximately 6.73% of the total number of votes at the general meeting of shareholders and will represent approximately 6.73% of Netia's outstanding share capital, assuming that all subscription warrants issued by Netia are exercised and exchanged for 64,848,442 series J shares. The number of Netia's subscription warrants set forth above includes 7,220,889 subscription warrants divided into 3,610,445 two-year subscription warrants and 3,610,444 three-year subscription warrants acquired by the Shareholder on August 21, 2003. In addition, Netia was informed by TeliaSonera TeliaSonera AB is the dominant telephone company and mobile network operator in Sweden and Finland, and is also active in other countries in Northern, Eastern Europe and Spain, with a total (2004) of 26 million customers. AB that on August 21, 2003, TeliaSonera AB sold 3,610,445 two-year subscription warrants and 3,610,444 three-year subscription warrants of Netia. Some of the information contained in this news release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those in the forward-looking statements as a result of various factors. For a more detailed description of these risks and factors, please see Netia's filings with the Securities and Exchange Commission, including its Annual Report on Form 20-F filed with the Commission on June June: see month. 27, 2003, its Current Report on Form 6-K filed with the Commission on June 30, 2003 and its Current Report on Form 6-K filed with the Commission on August 8, 2003. Netia undertakes no obligation to publicly update or revise any forward-looking statements. |
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