Today the Polish Financial Supervision Authority approved the Prospectus of Tauron Polska Energia S.A. The Prospectus will be published on June 1, 2010.
Aleksander Grad, Minister of the State Treasury said: “Tauron Polska Energia is a key company for the Polish power system. Soon investors will be able to participate in the company’s privatisation. The recently closed offer of PZU shares was the largest offer in the history of the Warsaw Stock Exchange and also the largest offer in Europe since 2007. The transaction has brought us new experience concerning both, foreign institutional investors and institutional and retail Polish investors. The company’s innovative strategy to offer shares to retail investors in line with the rule “no leverage, no queues, no purchase order reductions” resulted in high participation of individual investors in the offering. We are going to draw from the positive experience gained in the IPO of PZU and use it in the IPO of Tauron. I am convinced that the IPO of Tauron will strengthen Warsaw’s position as the financial centre of Central and Eastern Europe.”
“Prospectus approval is also a completion of a significant stage in preparation for the IPO. The Regulator’s decision allows us to publish the Prospectus and launch the offering that will be available to individual and institutional investors in Poland and selected institutional investors abroad”, said Dariusz Lubera, President of the Management Board of Tauron Polska Energia S.A.
UBS Investment Bank and UniCredit CAIB act as Global Coordinators of the Offer, Merrill Lynch International and ING, as well as UBS Investment Bank and UniCredit CAIB act as Global Joint Bookrunners.
The syndicate includes also DI BRE Banku and DM PKO BP acting as Domestic Co-Bookrunners and CDM Pekao, DM BOŚ, DM Pekao, ING Securities and Trigon Dom Maklerski acting as Domestic Co-Managers of the Offer. UniCredit CAIB Poland S.A. is the Offering Agent.
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THIS MATERIAL IS NOT TO BE PUBLISHED OR DISTRIBUTED, DIRECTLY OR INDIRECTLY, IN OR TO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, IRELAND, OR JAPAN OR ANY OTHER COUNTRY WHERE PUBLIC DISTRIBUTION OF THE INFORMATION CONTAINED HEREIN MAY BE SUBJECT TO LIMITATIONS OR BE FORBIDDEN BY LAW.
This information has been prepared for promotional purposes only and should not, in any case, be treated as a basis for a decision to invest in the securities of Tauron Polska Energia S.A. (“TAURON”). The prospectus (“Prospectus”) prepared in connection with initial public offering of shares in TAURON in the territory of Poland and admission of TAURON shares to trading on Warsaw Stock Exchange (“WSE”) is the sole legally binding document containing information about TAURON and the public offering of TAURON shares in Poland (“Offering”). The Offering may be carried out after the Prospectus is approved by the Polish Financial Supervision Authority which is the financial regulatory authority in Poland, and published. TAURON will publish their prospectus on the Company’s website (
www.tauron-pe.pl).
Some information presented herein may contain forward-looking statements. Forward-looking statements may be identified by words such as “aim,” “may,” “will,” “expect,” “anticipate,” “believe,” “forecast,” “future,” “continue,” “help,” “estimate,” “plan,” “intend,” “should,” “must,” or the negative or other variations thereof. Those statements refer to known and unknown matters carrying risk and uncertainty or other significant matters that may cause that actual results of Tauron Group, its achievements and development may significantly differ from results, achievements and development stipulated in those statements or resulting from them.
Subject to applicable law, TAURON does not intend and is not obliged to publicly announce any updates or verification of forward-looking statements presented herein in connection with new information, occurrence of future events or other circumstances.
In Great Britain this material will be distributed and designed only for (i) persons who have professional experience in the field of investments as understood under Article 19(5) of the Financial Promotion Order of 2005 issued based on Financial Services and Markets Act 2000 as amended and (ii) persons who may be legally given this material in another manner (all such persons are hereinafter referred to as “adequate persons”). This material is addressed only to the adequate persons and does not constitute an offer to sell or an invitation to buy any Tauron securities by any other persons.
The material contained herein is presented for information purposes only and does not constitute an offer to sell or an invitation to buy securities in the United States of America or any other jurisdiction where such an offer or solicitation may be unlawful. TAURON securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended (“Securities Act”), or the laws of any state, and may not be offered or sold within the United States, unless as an exemption from, or in a transaction not subject to, the registration requirement provided in the Securities Act and applicable state laws. No public offering of TAURON securities will be carried out in the United States.
