Current reports

Decision of the Issuer’s Management Board on the submission for consideration by the General Meeting of Shareholders of a resolution authorising the Management Board to start the acquisition of treasury shares

Current report number: 17/2019

Data: 29 May 2019

The Management Board of OEX S.A. with registered office in Warsaw (hereinafter referred to as the ‘Company’ or the ‘Issuer’) hereby informs whom it may concern that today, i.e. on 29 May 2019, it took a decision on the submission for consideration by the General Meeting of Shareholders  of a resolution authorising the Management Board of the Issuer to purchase the Company’s treasury shares for redemption or further resale.

Pursuant to the draft resolution, the Company’s Management Board will be authorised to purchase for and on behalf of the Company the Company’s treasury shares in the total amount not higher than 457,142 shares entitling to 457,142 votes at the General Meeting of Shareholders which constitute not more than 20% of the Company’s share capital.

The subject matter of this authorisation are the Company’s dematerialised bearer shares quoted at the regulated market managed by the Warsaw Stock Exchange and designated by code ISIN PLTELL000023.

In accordance with the proposal of the Issuer’s Management Board, the purchase price of the treasury shares will be established by the Management Board, whereby it may not be lower than PLN 17.50 per share and not higher than PLN 19.00 per share. The funds for the purchase of the treasury shares will originate from the reserve capital set aside for this purpose from the supplementary capital of the Company. The total amount of funds allocated for the acquisition of the Company’s treasury shares will not exceed PLN 8,000,000.00.

On the basis of the above-mentioned authorisation, the Management Board will be authorised to purchase the treasury shares until 31 December 2019.

The final decision concerning the grant of the authorisation as well as its scope shall be decided by the next General Meeting of Shareholders of the Company.

Legal basis:

Art. 17 (1) of the Regulation of the European Parliament and of the Council (EU) No 596/2014 of 16 April 2014 on market abuse (Market Abuse Regulation)

Signatures:

Tomasz Słowiński – Member of the Management Board

Robert Krasowski – Member of the Management Board


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