Enea Capital Group employees were entitled to acquire free-of-charge i.e. "employee shares" in connection with the commercialization and privatization of Enea SA.
The process of acquisition of the Company’s shares took place pursuant to the Commercialisation and Privatisation Act of 30 August 1996 and pursuant to the Act on the Principles Regulating the Acquisition of Shares from the State Treasury as a Part of the Consolidation of the Energy Sector of 7 September 2007. In accordance with the Commercialisation and Privatisation Act, employees are entitled to take up, free-of-charge, 15 per cent of the shares held by the State Treasury on the day the company is entered into the commercial register.
41,638,955 B series shares have been designated for free-of-charge distribution to employees.
The value of the employee share program was estimated at 921 million PLN.
The basic aim of the programme was to compensate employees for work performed before the date of the company’s commercialisation (and therefore in the past), which is evidenced by the fact that, under the programme, employees are awarded a fixed amount of shares that does not change regardless of time worked after commercialisation.
Enea SA shares were granted to employees according to 2 criteria:
- employment in a commercialized enterprise on its deletion from the register
- seniority in the company commercialized
The right to acquire shares was based on the Act on commercialization and privatization on 16 May 2010 in connection with the disposal of three months earlier Enea SA shares by the State Treasury. 8,818 persons were entitled to take up shares from the State Treasury for which 33,239,235 shares were provided. According to the Act on commercialization and privatization, the right to acquire shares is inherited, which means that beneficiaries of entitled persons are also entitled to take up shares.
Pursuant to § 6. 3 of the Enea SA Statute, registered B series shares owned by the State Treasury for purposes specified in the Act on commercialization and privatization and the Act on the Principles Regulating the Acquisition of Shares from the State Treasury as a Part of the Consolidation of the Energy Sector, became the bearer shares upon the expiry of the prohibition on the disposal or upon the expiry of the right to take up shares free-of charge.
The process of a free-of-charge acquisition of above-mentioned shares has been completed on 16 May 2012. (provided that in certain specific cases the beneficiary may sign a contract of a free-of-charge acquisition of shares after the indicated date).
Having in mind the diverse and international nature of Enea SA's shareholding, and also the provisions of the Best Practices of WSE Listed Companies, Enea SA guarantees the availability of its website also in English. In case of any interpretation doubts and discrepancies between the Polish and English versions, the Polish version shall prevail.