Shareholding structure

Share capital structure

Enea SA's share capital as at the publication date of this report for 2016 amounts to PLN 441,442,578 and is divided into 441,442,578 ordinary bearer shares of the nominal value of PLN 1 each. A total number of votes resulting from all the issued shares of the Issuer corresponds to the number of shares and amounts to 441,442,578 votes.

All the Company's shares are dematerialised bearer shares registered with the National Depositary for Securities.

Shareholding structure

Shareholding in Enea SA as at 31 December 2016

The shareholding structure of Enea SA as at the date of publication of this report, i.e. 30 March 2017

Changes in the shareholding structure until the publication date of the statement

Since the publication date of the periodic report for 2015 there have been changes in the shareholding structure which related to the exceeding by the funds managed by TFI PZU SA of a threshold of respectively 5% and 10% of the total number of votes in the Company. Detailed information within this scope was published in the current reports No. 31/2016 of 17 October 2016 and No. 6/2017 of 13 February 2017.

Potential changes in the shareholding structure

The Company does not know of any agreements or events that could result in future changes in the proportions of shares held by the existing Shareholders. However, the nature of the process of acquiring nil-paid employee shares from the State Treasury by entitled employees and their heirs may result in some changes in the number of shares held by the State Treasury.

Own shares

Enea SA or Enea Capital Group Companies did not purchase the Company's own shares in 2016.

Employee share control system

Enea SA's Statute foresees the so called block of employee shares. All the ordinary registered shares of B series in Enea SA in the number of 41,638,955 were designated for transferring employee shares.

Pursuant to the act on commercialisation and privatisation on 16 May 2010 Enea Capital Group's employees obtained the right to acquire the Company's shares from the State Treasury free of charge. 8,818 people were authorised to the nil-paid acquisition of Enea's shares for whom 33,239,235 shares were designated.

The right to the nil-paid acquisition from the State Treasury of Enea's shares by authorised people expired on 16 May 2012. After that date agreements may be concluded only by heirs of authorised people in specific cases provided for in the aforementioned act.

Pursuant to § 6 item 3 of the Statute of Enea SA registered shares of B series belonging to the State Treasury are designated for the purposes specified in the act on commercialisation and privatisation and act on the principles of purchasing shares from the State Treasury in the process of consolidation of energy sector companies, became bearer shares on the moment of expiry of the prohibition to sell or expiry of the right to acquire the shares free of charge.

To the Company's knowledge, the number of Enea SA's shares left for nil-paid acquisition amounted to 1,969,793 as at 31 December 2016.

In 2016 Enea SA did not launch any standard employee share programme control systems.

Prices of Enea SA's shares on the Warsaw Stock Exchange

Enea SA’s shares have been listed on the Warsaw Stock Exchange (WSE) since 17 November 2008. The share of the Company’s shares in indices as at 30 December 2016.¹⁾ 

As a result of the annual index review Enea SA, after 17 March 2017 session, left WIG20 index, supplementing at the same time mWIG40 index portfolio.

1) 30 December 2016 was the last quotation day on WSE in 2016.