Raport bieżący nr 1/2011
Summary of Stabilization Activities and Exercise of Over-allotment Option
The Board of Directors of Milkiland N.V. (the "Company") hereby informs that stabilization transactions with respect of the Company’s shares were performed by UniCredit Bank AG (London Branch) on the Warsaw Stock Exchange.
The stabilization started from 6 December 2010. All stabilization transactions were carried out at the same date. In the result of said transactions UniCredit Bank AG (London Branch) purchased 175 shares of the Company. The respective details are described below:
Stabilization transactions performed on the Warsaw Stock Exchange
Date Amount of shares Price per share
6-Dec 2010 175 33.78 PLN
Furthermore, the Board of Directors of the Company hereby informs that on 05 January 2011 the Company received from UniCredit Bank AG (London Branch) with its address at Moore House, 120 London Wall, EC2Y 5ET, London, United Kingdom, the notification of execution of Over-allotment Option in accordance with the Underwriting Agreement made on 18 November 2010 (the "Underwriting Agreement") .
Under the Underwriting Agreement UniCredit Bank AG (London Branch) had a right to exercise the Over-allotment Option in relation to up to 750,000 Company’s shares held by 1, Inc Cooperatief U.A.
On 30 December 2010 the Over-allotment Option was exercised in relation to 749,825 Company’s shares at the Offer Price (PLN 33.78).
Legal grounds: Article 9.3 and Article 11 (f) of the Commission Regulation (EC) No 2273/2003 of 22 December 2003 implementing Directive 2003/6/EC of the European Parliament and of the Council as regards exemptions for buy-back programmes and stabilisation of financial instruments.
Sergey Trifonov - IR Officer