Information concerning transactions on the shares of ADVADIS S.A. in bankruptcy with composition agreement
The Management Board of Advadis S.A. in bankruptcy with composition agreement (hereinafter: "Issuer") hereby informs that on 12th April 2012 the Issuer received from the President of ADVADIS S.A. in bankruptcy with composition agreement – Mr Adam Brodowski – a notice drawn up in the mode of art. 160 of the Law on financial instrument turnover (i.e. Journal of Laws of 2010, No. 211, item 1384, as amended), of 12th April 2012 on transactions made on the Issuer’s shares.
The notice refers to the sale of shares belonging to the President of the Issuer's Board – Mr Adam Brodowski – of ADVADIS S.A. in bankruptcy with composition agreement. The shares were sold by the Head of the Revenue Office in Kraków – Nowa Huta ("Executory Body"), as a result of the executory proceedings conducted against Mr Adam Brodowski.
The sale transaction involved 622 348 (six hundred and twenty two thousand three hundred and forty eight) shares of the Issuer at the price of PLN 0.08 (eight grosz) per each share.
The sale transaction of the Issuer’s shares was concluded at the Stock Exchange in Warsaw S.A., by means of execution of an order to sell securities, placed on 7th March 2012 by the aforementioned Executory Body. The sale transaction of the shares in question was concluded on 13th March 2012.
At the same time, Mr Adam Brodowski explains that he learnt about the said sale transaction involving shares on 11th April 2012, basing on the notice sent by the Executory Body.