BPH TFI GE Capital Group Warsaw, this 31 December

Transkrypt

BPH TFI
GE Capital Group
Warsaw, this 31st December 2014
To the Management Board of the Company
North Coast S.A.
ul. 3 Maja 8
05-800 Pruszków
(hereinafter referred to as the “Company”)
Applicant:
1. BPH Fundusz Inwestycyjny Otwarty Parasolowy
(BPH Subfundusz Selektywny)
RFI
379
ul. Bnifraterska 17
00-203 Warszawa
2. BPH Fundusz Inwestycyjny Zamknięty Multi Inwestycja
RFI 634
ul. Bonifraterska 17
00-203 Warszawa
3. BPH Fundusz Inwestycyjny Otwarty Strategii Akcyjnej
(until 29th December 2014 acting under the name BPH
Specjalistyczny Fundusz Inwestycyjny Otwarty Total Profit)
RFI 425
00-203 Warszawa
represented by:
BPH Towarzystwo Funduszy Inwestycyjnych S.A.
00-203 Warszawa
Request to convene an Extraordinary Meeting of Shareholders of North Coast S.A.
BPH Towarzystwo Funduszy
Inwestycyjnych SA
North Gate Building
00-203 Warszawa
tel.: +48 22 538 97 99
fax: +48 22 538 97 98
e-mail: [email protected]
Website: www.bphtfi.pl
KRS 0000002970
District Court for the capital city of Warszawa
th
12 Commercial Division of the National Court
Register
The amount of share capital: PLN23,456,525.00
The amount of paid-in capital: PLN23,456,525.00
NIP (Tax Identification Number): 527-21-53-832
Management Board
President of the Management Board:
Piotr Karnkowski
Vice-president of the Management
Board:
Marcin Bednarek
Board:
Aleksander Mokrzycki
BPH TFI
GE Capital Group
Acting on behalf of BPH Towarzystwo Funduszy Inwestycyjnych S.A., representing BPH
Fundusz Inwestycyjny Zamknięty Multi Inwestycja, BPH Fundusz Inwestycyjny Otwarty
Strategii Akcyjnej (formerly acting as: BPH Specjalistyczny Fundusz Inwestycyjny Otwarty
Total Profit) and BPH Fundusz Inwestycyjny Otwarty Parasolowy (BPH Subfundusz
Selektywny), which have a total number of 282120 shares of North Coast S.A., constituting
8.82% of the share capital of the Company, under article 400 § 1 of the Commercial
Companies Code and article 84 of the Act of 29th July 2005 on Public Offering and
Conditions for the Introduction of Financial Instruments to the Organized Trading System and
on Public Companies (consolidated text: Journal of Laws of year 2013, 1382) we request the
Extraordinary Meeting of Shareholders of the Company North Coast S.A. with its seat in
Pruszków (address: 05-800 Pruszków, ul. 3 Maja 8) to be convened as soon as possible on a
working day other than Saturday, but no sooner than 30th January 2015 and before 10th
February 2015, and the following matters to be included in the agenda:
1. The presentation of the current and expected situation of North Coast S.A. by the
Management Board of the Company in connection with the planned acquisition by
Salford Investments Sp. z o.o. with special regard to:

all executed and planned agreements, settlements and invoices between the companies
North Coast S.A., Latteria Tinis Sp. z o.o. with its seat in Rzepin and Nuova Castelli
S.p.A. with its seat in Italy and its subsidiaries;

all executed and planned agreements, settlements and invoices between the subsidiary
Latteria Tinis Sp. z o.o. and milk suppliers;

detailed explanation of reasons for lack of improvement of results in the subsidiary
Latteria Tinis Sp. z o.o. despite the increase in sales and decline in prices of raw milk –
the basic cost component. In the semi-annual report published on 29th August 2014, in the
report of the management board concerning the group of companies, the investors were
informed that „ in the 2nd quarter of 2014 Latteria Tinis Sp. z o.o. realized a net profit in
the amount of PLN218,000. This situation is caused by the recent reduction of costs of
raw materials etc., which makes it possible to expect positive results in the 2nd term of
2014.” Then, in the report for the 3rd quarter of 2014 published on 14th November 2014,
in the comment to the disastrous results, the Management Board of the Company
informed the shareholders that one of the reasons for such a situation was „the need to
Inwestycyjnych SA
North Gate Building
00-203 Warszawa
tel.: +48 22 538 97 99
fax: +48 22 538 97 98
KRS 0000002970
th
Register
Management Board
Piotr Karnkowski
Board:
Marcin Bednarek
Board:
BPH TFI
GE Capital Group
purchase milk in the amounts and at prices contracted previously despite a persistent
downward trend in the scope of prices of this raw material. At the same time, the decline
in the amounts of orders for cheese made it impossible to use the situation connected with
the purchase of milk at very good prices over the contracted amounts.” In the 3rd quarter
of 2014 in accordance with the data presented by the Main Statistical Office the prices of
the purchase of milk in Lubuskie Province dropped by over 12.5%, which was not
reflected by the financial results of the Company;

presentation of actions which the Company took in order to sell the property situated in
Cracow at ul. Szpitalna 6;

disclosure of the content of the agreement concluded between main shareholders of
North Coast S.A., serving on the Management Board of the Company and Salford
Investments Sp. z o.o. – the entity calling to subscribe the shares of the Company with
special regard to the selling price of the shares acquired in consideration for covering
with a contribution in kind.
2. The adoption of the resolution on the appointment of the member of the Supervisory
Board with regard to appropriate representation of minority shareholders in the
authorities of the Company. The draft of the resolution is included in the Annex No. 1 to
this request.
3. The adoption of the resolution on the appointment of a special auditor who will:
 inspect all agreements, settlements and invoices executed between the companies: North
Coast S.A., its subsidiary Latteria Tinis Sp. z o.o. and Nuova Castelli S.p.A. with its seat
in Italy and its subsidiaries;
 inspect all agreements, settlements and invoices executed between Latteria Tinis Sp. z
o.o. and milk suppliers;
 verify actions taken by the Company in order to sell the property situated in Cracow at ul.
Szpitalna 6.
The draft of the resolution is attached to this request in form of Annex No. 1.
Annexes:
Inwestycyjnych SA
North Gate Building
00-203 Warszawa
tel.: +48 22 538 97 99
fax: +48 22 538 97 98
KRS 0000002970
th
Register
Management Board
Piotr Karnkowski
Board:
Marcin Bednarek
Board:
BPH TFI
GE Capital Group
1. Annex No. 1 to the request to convene an Extraordinary Meeting of Shareholder of North
Coast S.A. containing drafts of resolutions on the appointment of the member of the
Supervisory Board of the Company and on the appointment of a special auditor proposed by
shareholders;
2. Certificate No. 08171229001 on the right of BPH Fundusz Inwestycyjny Otwarty
Parasolowy to the shares of the Company North Coast S.A.;
3. Certificate No. 08171229002 on the right of BPH Specjalistyczny Fundusz Inwestycyjny
Otwarty Total Profit to the shares of the Company North Coast S.A.;
4. Certificate No. 08171229003 on the right of BPH Fundusz Inwestycyjny Zamknięty Multi
Inwestycja to the shares of the Company North Coast S.A.;
5. Copy of three extracts from the register of investment funds managed by BHP
Towarzystwo Funduszy Inwestycyjnych S.A.: BPH Fundusz Inwestycyjny Otwarty
Parasolowy, BPH Specjalistyczny Fundusz Inwestycyjny Otwarty Total Profit and BPH
Fundusz Inwestycyjny Zamknięty Multi Inwestycja;
6. Information corresponding to the valid transcript from the Register of Entrepreneurs
collected under article 4 section 4aa of the Act of 20th August 1997 on the National Court
Register (Journal of Laws of year 2007 No. 168, item 1186, as amended) on BHP
Towarzystwo Funduszy Inwestycyjnych S.A.
Yours sincerely,
Piotr Karnkowski
President of the Management Board
Vice-president of the Management Board
on behalf of the BHP Towarzystwo Funduszy Inwestycyjnych S.A.
Inwestycyjnych SA
North Gate Building
00-203 Warszawa
tel.: +48 22 538 97 99
fax: +48 22 538 97 98
KRS 0000002970
th
Register
Management Board
Piotr Karnkowski
Board:
Marcin Bednarek
Board:

BPH TFI GE Capital Group Warsaw, this 31 December

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