Note
Note 20.1 Share capital
Value of share capital
| As at 31.12.2016 | As at 31.12.2015 | |
|---|---|---|
| Nominal value of AA shares | 120 000 | 120 000 |
| Nominal value of series B shares | 75 582 | 75 582 |
| Nominal value of series C shares | 124 995 | 124 995 |
| Nominal value of series D shares | 175 400 | 175 400 |
| 495 977 | 495 977 |
Number of shares
| As at 31.12.2016 | As at 31.12.2015 | |
|---|---|---|
| Number of shares at the beginning of the period | 99 195 484 | 99 195 484 |
| Number of shares at the end of the period | 99 195 484 | 99 195 484 |
| Nominal value of 1 share (PLN/share) | 5 | 5 |
Holders of ordinary shares are entitled to receive dividends as declared, and are entitled to one vote per share at the General Meeting. All shares participate to the same extent in the net assets in case of liquidation.
Limitation of voting rights
As long as the State Treasury of Poland or its subsidiaries hold shares in the Parent Company carrying at least one fifth of the total voting rights, the other shareholders’ voting rights will be limited in such a manner that no shareholder may exercise at the General Meeting more than one fifth of total voting rights existing on the day of the General Meeting.