Prospectus - Notowania

3. FUNDAMENTAL INFORMATION ................................................................................................ 404
3.1 Statement about working capital....................................................................................................... 404
3.2 Own funds and debt............................................................................................................................ 404
3.3 Interests of natural and legal persons participating in the Offer ................................................... 404
3.4 Reasons for the Offer and Use of the Proceeds ................................................................................ 405
4. INFORMATION ABOUT THE financial instruments TO BE OFFERED .................................. 406
4.1 Description of the Shares ................................................................................................................... 406
4.2 Law governing the issue of the Shares .............................................................................................. 406
4.3 Characteristics of the Shares ............................................................................................................. 406
4.4 Issue Currency of the Shares ............................................................................................................. 406
4.5 Description of the Rights Connected to the Shares.......................................................................... 406
4.6 Indication of the Authorisation and of the Resolution whereby the Shares will be issued........... 408
4.7 Planned Share Issue Date................................................................................................................... 408
4.8 Limitations to the Free Transferability of the Shares ..................................................................... 408
4.9 Existence of any Rules on Public Acquisition Offer Obligations and/or Sell-out Obligations and
Squeeze-out in relation to the Shares ................................................................................................ 408
4.10 Takeover bids carried out by third parties on Company shares during the last financial year and
the current financial year................................................................................................................... 408
4.11 Tax Rules............................................................................................................................................. 408
4.11.1 Italy....................................................................................................................................................... 408
4.11.2 Germany............................................................................................................................................... 419
4.11.3 Poland .................................................................................................................................................. 427
5. CONDITIONS OF THE OFFERING............................................................................................... 434
5.1 Conditions, statistics relating to the Offering, expected schedule and procedures to underwrite the
Offering................................................................................................................................................ 434
5.1.1 Conditions to which the Offering is subordinated .............................................................................. 434
5.1.2 Total amount of the Offering .............................................................................................................. 434
5.1.3 Validity of the Offering, possible changes and underwriting procedures.......................................... 434
5.1.4 Revocation and suspension of the Offering ........................................................................................ 436
5.1.5 Reduction of the subscription and reimbursement procedures.......................................................... 436
5.1.6 Minimum and/or maximum amount of the subscriptions.................................................................. 436
5.1.7 Possibility to withdraw the subscription.............................................................................................. 436
5.1.8 Procedures and terms for the payment and delivery of the Shares.................................................... 436
5.1.9 Times and procedure for the publication of the results of the Offer.................................................. 437
5.1.10 Procedure for exercising any right of first bid, for the tradability of the subscription rights and for
the treatment of unexercised subscription rights................................................................................ 438
5.2 Allocation and allotment plan............................................................................................................ 438
5.2.1 Recipients and markets of the Offer.................................................................................................... 438
5.2.2 Commitments to subscribe the Shares................................................................................................. 439
5.2.3 Information to be notified before the allotment.................................................................................. 439
5.2.4 Procedure for communicating the allotted amount to subscribers .................................................... 439
5.2.5 Over allotment and Greenshoe............................................................................................................ 439
5.3 Setting the Price .................................................................................................................................. 439
5.3.1 Offer Price............................................................................................................................................ 439
5.3.2 Procedure for the Notification of the Offer Price............................................................................... 440
5.3.3 Limitations of the Option Right........................................................................................................... 440
5.3.4 Any difference between the issue price of the Shares and price of the shares paid during the previous
year or to be paid by members of the Board of Directors, members of the Board of Statutory Auditors,
high level executives or affiliated persons........................................................................................... 440
5.4 Placement and Subscription .............................................................................................................. 440
5.4.1 Indication of the Offer Placement Agents .......................................................................................... 440
5.4.2 Name and address of the bodies tasked with the financial service and of the custodian agents in each
countries............................................................................................................................................... 440
5.4.3 Subscription and guarantee commitments.......................................................................................... 440
5.4.4 Date of stipulation of the subscription and guarantee agreements.................................................... 442
6. ADMISSION TO TRADING AND TRADING PROCEDURES ................................................... 443
6.1 Request for admission to trading....................................................................................................... 443
6.2 Other regulated markets.................................................................................................................... 443
6.3 Other transactions .............................................................................................................................. 443
6.4 Brokers in the transactions on the secondary market ..................................................................... 443
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