Pursuant to Art. 16.2 of the Parent’s Articles of Association, the State Treasury of Poland, as a shareholder, has an individual right to appoint and remove one member of the Supervisory Board.
Furthermore, in accordance with Art. 43.1.3 and 43.1.4 of the Parent’s Articles of Association, the General Meeting is convened by the Management Board:
- at the request of a shareholder or shareholders representing at least one-twentieth of the share capital, submitted in writing or in electronic form at least one month before the proposed date of the General Meeting,
- at the request of the State Treasury as a shareholder, irrespective of its stake in the Company’s share capital, submitted in writing at least one month before the proposed date of the General Meeting.
Pursuant to Art. 45.4 of the Parent’s Articles of Association governing the placing of matters on the agenda of the next General Meeting by the shareholders, “a shareholder or shareholders representing at least one-twentieth of the Company’s share capital may request that certain matters be placed on the agenda of the next General Meeting. The same right is held by the State Treasury as the Company’s shareholder, irrespective of its stake in the share capital.”
Pursuant to Art. 45.8 of the Parent’s Articles of Association, “prior to the date of the General Meeting, a shareholder or shareholders representing at least one-twentieth of the Company’s share capital may submit to the Company draft resolutions on the matters included or to be included in the agenda of the General Meeting, in writing or with the use of electronic means of communication. The Company promptly publishes such draft resolutions on its website.”