Certain Security Holders of KIT digital, Inc. represented by Lubomír Andrejsek

Transkript

1 Lubomir Andrejsek Eberlova 1482 / Praha Czech Republic Telephone: Facsimile: Hearing Date: August 5, 2013, at 9:30 a.m. Objection Deadline: July 15, 2013 at 5:00 p.m. Certain Security Holders of KIT digital, Inc. represented by Lubomír Andrejsek UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF NEW YORK In re: Chapter 11 KIT digital, Inc., Case No (REG) Debtor. OBJECTIO OF CERTAI SECURITY HOLDERS REPRESE TED BY LUBOMÍR A DREJSEK TO FIRST AME DED PLA OF REORGA IZATIO DATED JU E 15, 2013 Certain Security Holders of KIT digital, Inc. represented by Lubomír Andrejsek, consisting of parties listed on Exhibit 1 attached hereto, (the Certain Shareholders or We ) hereby submit this objection to the First Amended Plan of Reorganization dated June 15, Lubomir Andrejsek is a committee member of association "KIT digital Active Investors" registered with Ministry of Interior of Czech Republic (reg. number ), which has 429 members, who holds together 4.6 million shares of KITD and operates its web site at Lubomir Andrejsek Objection Page 1

2 NATURE OF OBJECTION The Certain Shareholders represented by Mr. Andrejsek do not agree with treatment of Class 7 (Interests) as contemplated by the proposed Plan. 1. Pursuant to 11 USC 1123(a)(4), the Plan must provide the same treatment for each claim or equity interest in a particular class. The proposed plan contemplates very arbitrary and discriminating treatment for equity interest holders designated as the class_7. While some shareholders, i.e. Plan Sponsor Group shall exclusively receive Reorganized KDI Class B Common Stock (in volume of % of all Reorganized KDI Interests) thus significantly increase its participation in the new reorganized entity, other shareholders, i.e. the non-sponsor shareholders are not offered the same opportunity and therefore their participation in the new reorganized entity would substantially be reduced. 2. We require that all holders of KDI Common Stock to be offered equal opportunity as members of the Plan Sponsor Group, i.e. right to subscribe for Reorganized KDI Class B Common Stock pro rata to their respective holdings of KDI Common Stock as of petition date. All unsubscribed shares of Class B could be taken by members of Plan Sponsor Group at their discretion. 3. If the proposed Plan were confirmed, it would lead to significant reallocation of equity interest from non-sponsor shareholders to Plan Sponsor Group s members at the expense of the former. 4. The Certain Shareholders represented by Mr. Andrejsek are prepared to subscribe 1.83% portion of all Reorganized KDI Class B Common Stock to be issued. Dated: July 10, 2013 Prague, Czech Republic Respectfully submitted, Lubomír Andrejsek Eberlova 1482 / Praha Czech Republic Telephone: Facsimile: Lubomir Andrejsek Objection Page 2

3 Exhibit 1 Certain Security Holders of KIT digital, Inc. represented by Lubomir Andrejsek Name and Address Number of KITD shares as of petition date (25.4.) Phone Number Lubomír Andrejsek Eberlova 17 Praha 5, Czech Republic Petr Bukáček Nekvasilova 15 Praha 8, Czech Republic Vítězslav Šebesta Vlkošská 71 Vracov, Czech Republic Jiří Voplakal Švermova 17/1 Liberec 20, Czech Republic Jiří Pánek Pod Rozhlednou 1362 Frýdlant, Czech Republic Emil Maršálek Mojmírova 927 Uherské Hradiště, Czech Republic Petr Pawlas Na Důlňáku 18/1387 Havířov, Czech Republic Pavel Pawlas Na Potoku 409/23 Ostrava Hrabová, Czech Republic Milan Hlavatý Růžová 737/7 Odry, Czech Republic BTB Invest s.r.o. Eberlova 17 Praha 5, Czech Republic Lubomir Andrejsek Objection Page 3

4 PRODEZ, a.s. Masarykova 810 Valašské Meziříčí, Czech Republic Petr Květoň Brněnská 22 Plzeň, Czech Republic Jiří Matys Husitská 40/52 Praha 3, Czech Republic Milena Krulišová Na Potoku 409/23 Ostrava Hrabová, Czech Republic Tomáš Veselý Jiráskova 648 Veltrusy, Czech Republic Ladislav Syrový Budišov Czech Republic Marek Michal Jáchymova 4 Praha 1, Czech Republic Pavel Runát Benešov u Semil Czech Republic Miroslav Surý Kuřimská 118 Moravské Knínice, Czech Republic Vladimír Marušík Pionýrská 493 Moravský Krumlov Czech Republic Robert Kaňka U letenského sadu 9 Praha 4, Czech Republic Ondřej Novák Rokytnice nad Rok Czech Republic Luboš Kojan Moravská 32/2117 Praha 2, Czech Republic Lubomir Andrejsek Objection Page 4

5 Martin Minář Pernerova 2802 Pardubice, Czech Republic Tomáš Kubík Bachova 1584/20 Praha 4, Czech Republic Jan Horkel Trnovska 240 Pardubice, Czech Republic Zbyněk Růžička Hradec nad Svitavou Czech Republic Miloš Růžička Jiráskova 75 Moravská Třebová, Czech Republic Ladislav Kyněra Hlavní 78 Moravany, Czech Republic TOTAL Lubomir Andrejsek Objection Page 5