Publication the uniform text Company’s Articles of Association.
The Management Board of Advadis S.A. in bankruptcy with composition agreement, with its seat in Kraków (hereinafter: "Company”), acting pursuant to § 38 par. 1 item 2 of the Regulation of the Minister of Finance of 19th February 2009 on current and periodical information to be submitted by issuers of securities and conditions to recognize as equivalent the information required by legal provisions of a country other than a Membership State, with regards to approval of the uniform text Company’s Articles of Association ("Articles") on 31st May 2012 by the Supervisory Bard, providing for changes made to the Articles of Association by means of Resolution No. 16/04/2012 of the Ordinary Meeting of Shareholders of 30th April 2012, encloses its content.
The Company’s Board hereby publishes the amendment made in the content of the Company’s Articles of Association:
§ 3 par. 4 and 5 of the Company’s Articles of Association is hereby repealed as follows:
"4. The Company’s conditional initial capital amounts to no more than PLM 20 000 000.00 (twenty million 00/100) złoty and is divided into no more than 20 000 000 (twenty million) of ordinary bearer shares of K series, with the nominal value amounting to PLN 1.00 (one 00/100) złoty per each share.
5. The conditional increase of the initial capital is made in order to secure exchange of bearer bonds into ordinary bearer shares of K series by the bondholders.”
Advadis_Articles_of_Association_uniform_text.pdf