Termination of deposit agreement and intention to terminate the GDR program
20-10-2009
Regulatory filing
The Management Board of Agora SA with its registered seat in Warsaw ("The Company") hereby announces that on 20th October 2009 the Company sent to Deutsche Bank Trust Company Americas (formerly Bankers Trust Company) (the "Depositary") a termination notice of the Deposit Agreement dated 4 March 1999, with subsequent amendments, pursuant to which the Depositary issues Global Depositary Receipts ("GDRs") based on the Company's shares outside of the Republic of Poland. The Deposit Agreement will be terminated on 19th January 2010.
Simultaneously, the Management Board of Agora SA announces that on 20th October 2009 the Company sent a notice to the Financial Services Authority and to the London Stock Exchange regarding the cancellation of the listing of the Company's GDRs on the London Stock Exchange as of 19th January 2010.
Agora's GDR program has ceased to be effective. Investor interest in this form of investment in the Company's the shares has been steadily diminishing. The number of issued GDRs has fallen to around 0.04% of the share capital of the Company, and for several months has remained at this level. Investors prefer to directly purchase the Company's ordinary shares on the Warsaw Stock Exchange, where they will continue to be listed.
Legal basis: § 37 sec. 2 of the Decree of the Minister of Finance dated 19 February 2009 regarding current and periodic information published by issuers of securities and conditions for recognizing as equivalent information required by the laws of a non-member state (Journal of Laws from 2009 No. 33, item 259 with subsequent amendments) and 5.3.5 of the United Kingdom Listing Authority listing rules.
