Annual Report 2007

42 A N N U A L R E P O R T INFORMATION FOR SHAREHOLDERS Price and volume of share trading on the stock exchange during the term of takeover bid 1 April 2007 – 30 April 2007 2 000 2 050 2 100 2 150 2 200 2 250 2 300 2 350 2 400 2 450 2 500 2-IV. 4-IV. 6-IV. 8-IV. 10-IV. 12-IV. 14-IV. 16-IV. 18-IV. 20-IV. 22-IV. 24-IV. 26-IV. 28-IV. 30-IV. Average shareprice 0 2 000 4 000 6 000 8 000 10 000 12 000 14 000 16 000 Volume in SKK‘000 April 2007 Average share price Volume in SKK‘000 Central Securities Depository (Centrálny depozitár cenných papierov SR, a.s.) as of 15 June 2007 cancelled the issue of bearer in-book entry form shares and the Company issued registered certificate-form shares. All shareholders were invited to raise their certificate-form shares at the seat of the Company no later than 31 October 2007. We assess the change in the form of shares as being highly seccessful as up to 98.65% of shares were raised by their owners at the seat of the Company and just 1.35% of shares remained unrecovered. The shares (32 225 shares) unrecovered by shareholders (1 312 persons) became invalid and the the Board of Directors decided upon the issue of a new certificate-form shares with the same face value registered in the name of the Company. In November 2007, the Company’s Board of Directors decided on the disposal of 32 225 newly issued shares. These shares were offered to the existing shareholders in proportion to their ownership interest of the registered capital of Železiarní Podbrezová a.s. for the same price as the takeover bid in May 2007, i.e. SKK 2 100 per share. Some of the addressed shareholders did not respond to the offer and thus 1 548 shares remained unsold. The Board of Directors decided on the second offer under similar conditions. After the second offer, one share remained unsold and again it was offered the same way to the major shareholder. All shares of the Company were sold as of 9 May 2008. Proceeds from the sale of shares in the amount of SKK 2100 per share was paid by 31 May 2008 to those shareholders who failed to collect, despite repeated invitations, their shares within the process of transformation of shares to registered certificate-form shares through cheques or via a wire transfer to their bank accounts.