In reference to the current report No. 22/2011 as of 11/11/2011, the Management Board of TOYA S.A. (“the Company”) announces that on 16 July 2012, the Supervisory Board adopted a resolution to grant stock options to Entitled Persons under the first tranche of the Incentive Program. The necessary condition for granting the first tranche of stock options to entitled persons was to achieve growth of the consolidated net profit reported in the consolidated Financial Statements of the TOYA Group for the year 2011 not less than 22% in relation to the consolidated net profit for 2010 (“the condition of profit”). As the TOYA Group in 2011 achieved 44.9% increase in consolidated net profit as compared to the previous year, the condition of the profit was fulfilled.
Based on the above, the Supervisory Board has granted to 19 Entitled Persons stock options entitling to subscribe for a total of 188 947 shares series D under the Subscription Warrants of series A, issued pursuant to Resolution No. 3 of the General Meeting of Shareholders on 8 February 2011 on the issue of subscription warrants of series A with the exclusion of the pre-emptive right to acquire shares.
Legal basis: Article 56 section 1 point 1 of the Act on Public Offer.
Signatures:
Grzegorz Pinkosz
President of the Board