Disposal of shares by a person holding a managerial position in Agora
The Management Board of Agora SA with its seat in Warsaw (the Company), hereby
announces that on January 10th , 2006 Agora received a notification in
conformity with art. 160 of the Act on public trading of financial instruments.
According to the above mentioned notification, a person holding a managerial
position in Agora's organizational structure and having access to inside
information related to issuer, sold 10 000 ordinary bearer shares of Agora SA.
The sale of shares was executed at the broker's discretion during Warsaw Stock
Exchange trading session on January 6th , 2006. The sale price stood at PLN
72.40 per share.
Act on Trading in Financial Instruments ('Act') dated July 29th, 2005 imposes
on Agora, as an issuer of securities, additional disclosure obligation. To
date, Agora was disclosing information about transactions on Agora's shares
executed by the Management Board Members. Currently, Agora shall publicly
announce information about such transactions performed, according to art 160.1
of the Act, by: ' persons: 1) who are members of the issuer's management and
supervisory bodies or who are issuer's proxies, 2) other persons who hold
management post in the organizational structure of the issuer, have permanent
access to inside information related, whether directly or indirectly, to the
issuer, and are authorized to make decisions concerning the issuer's
development and economic prospects.'
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