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Home > News > Current reports > 96/2013 TP S.A. announces a formal plan of its merger with PTK Centertel and Orange Polska - Orange Polska

96/2013 TP S.A. announces a formal plan of its merger with PTK Centertel and Orange Polska - Orange Polska

Pursuant to art. 5, clause 1, item 13 and art. 19 clause 1 and 2 of the Decree of the Minister of Finance of 19 February 2009 on current and periodic information disclosed by issuers of securities and conditions for recognising as equivalent information required by the laws of a non-member state (Journal of Laws of 2009 No. 33, item 259, with amendments).

TP S.A. announces a formal plan of its  merger with PTK Centertel and Orange Polska.

September 10, 2013: The Management Board of Telekomunikacja Polska S.A. (“TP S.A.”, “Company”) informs, that on  September 9, 2013 it approved a formal plan of the merger between TP S.A. and its wholly owned subsidiaries  - Polska Telefonia Komórkowa - Centertel Sp. z o.o. and Orange Polska Sp. z o.o. (KRS number 0000380943 – the company does not conduct any operating activity). The Company informed about the intended merger in the current report 13/2013.

The planned merger will take place in accordance with Art. 492 § 1 item 1) of the Code of Commercial Companies by transferring all assets of PTK Centertel Sp z o.o. and Orange Polska Sp. z o.o. to TP SA (merger by acquisition).

The planned merger is a part of the Group’s medium-term action plan. In particular, it will contribute to:

  • Simplification of management of the companies,
  • Achieving cost savings, through increase of operational efficiency and simplification and integration of processes,
  • Development of convergent offers, comprised of fixed and mobile services, and unification of customer care of the merged entity

The planned merger will be presented for the approval by Extraordinary General Meeting of Shareholders.

The merger plan, together with relevant documentations, as specified in Art. 499 § 2 of the Commercial Companies Code, is presented in the attachment to this current report.

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