Stocznia Gdynia S.A.

COMPANY OVERVIEW

The current Stocznia Gdynia (the ''Gdynia Shipyard'', the ''Company'') was initially established in 1922 as the ''Spólka Stoczni Gdynia - Towarzystwo z Ograniczona Poreka'' (the ''Gdynia Shipyard Company - Society with Limited Guarantee''). Since 1950 the Stocznia Gdynia was known under the name of the ''Stocznia im. Komuny Paryskiej'' (the ''Komuna Paryska Shipyard''), then - a state-owned company, and since 1991 - the Stocznia Gdynia operates as joint stock company.
 
Nowadays, the Stocznia Gdynia is the biggest shipyard in Poland and one of the biggest in Europe. Since the beginning of its activity as a ship producer Stocznia Gdynia has built 632 vessels of different profiles, with a total capacity exceeding nine million tons and aggregate tonnage close to 10 million DWT (9 997 795 DWT).
 
shareholder structure
The shareholder structure is diversified, as presented below:
 
Tab. 1 Shareholder structure on 30 June 2007
Shareholder Share in capital Share in votes
State Treasury
33,0%
35,878%
Ray Car Carriers Ltd.
16,6%
22,518%
Korporacja Polskie Stocznie S.A.
10,1%
6,877%
Agencja Rozwoju Przemyslu S.A.
10,0%
13,514%
Stoczniowy Fundusz Inwestycyjny S.A.
7,5%
5,067%

 
The remaining shareholders (natural and legal persons) hold less than 5% of voting rights and share capital. State Treasury with its subsidiaries (Korporacja Polskie Stocznie SA and Agencja Rozwoju Przemyslu SA) hold shares representing 53,10% of capital and 56,27% of voting rights.
 
On 5 July 2007, the General Meeting of Company's Shareholders adopted a resolution authorizing the share capital increase in the Company, via issuance of new shares, to be subscribed for by the State Treasury. After the anticipated registration of the share capital increase, the shareholder structure shall be the following:
 
Tab. 2 Shareholder structure after the share capital increase is registered:
Shareholder Share in capital Share in votes
State Treasury
70,65 %
76,60 %
Ray Car Carriers Ltd.
7,27 %
8,22 %
Korporacja Polskie Stocznie S.A.
4,44 %
2,51 %
Agencja Rozwoju Przemyslu S.A.
4,37 %
4,93 %
Stoczniowy Fundusz Inwestycyjny S.A.
3,27 %
1,85 %

 
After the anticipated registration of the share capital increase, State Treasury with its subsidiaries (Korporacja Polskie Stocznie SA and Agencja Rozwoju Przemyslu SA) will hold shares representing 79,46% of capital and 84,04% of voting rights.
 
The Stocznia Gdynia is the shareholder in the Stocznia Gdansk, a smaller Polish shipyard, since 1998. The Stocznia Gdansk shares held by the Stocznia Gdynia are now on sale and the sale process is expected to be finished by the end of 2007. On 30 June 2007 Stocznia Gdynia SA held shares of Stocznia Gdansk SA represented 20% of voting rights and capital.
 
 
 
 

© 2007 | STOCZNIA GDYNIA S.A. | webmaster: Maciej Pawlak
Stocznia Gdynia S.A. , Czechoslowacka Street 3 , 81-969 GDYNIA
Registered in the National Court Register of Company,
at no. 0000060409 District Court of Gdansk-Pólnoc in Gdansk,
Commerce Department VIII of NCR. Share and paid-in capital: 916.411.940 zl,
ACCOUNT: Bank Pekao S.A. II O/GDYNIA
52 1240 3510 1111 0000 4307 7090 NIP: 5860102352