Current reports

Legal basis:

Art. 56 (1) (2) of the Offer Act – current and periodical information

Content of the report:

The Management Board of OEX S.A. with registered office in Warsaw (the ‘Company’), acting pursuant to §19 (1) (2) of the Regulation of the Minister of Finance on ongoing and periodical information to be disclosed by security issuers and on conditions of recognition of information required by the laws of a state that is not a member-state, in relation with the Ordinary General Meeting of Shareholders of the Company convened for 25 August 2020, hereby wishes to advise whom it may concern that on 07 August 2020 the Supervisory Board of the Company adopted and will submit to the Ordinary General Meeting of Shareholders the following:

1. Report on the activities of the Supervisory Board in 2019 together with a report of the Audit Committee of the Supervisory Board,
2. Assessment of the Company’s situation, taking into account the assessment of the internal control systems, the risk management, the compliance management, the way of discharging by OEX S.A. of information obligations concerning the corporate governance as well as the assessment of rationality of the Company’s policy concerning sponsorship, charity or similar activities,

– these documents constitute an annex to this report and are available at the  website of the Company in the section Investor Relations/Company/General Meeting of Shareholders 2020.

At the same time, the Supervisory Board, having read the agenda and draft resolutions of the Ordinary General Meeting of Shareholders convoked for 25 August 2020 as proposed by the Management Board, gave them its positive opinion and decided to recommend to the General Meeting of Shareholders that it adopted the resolutions in the phrasing as proposed.

In relation with the above, making a reference to the matter of the distribution of profits, the Supervisory Board gave its positive opinion on the submission to the Ordinary General Meeting of Shareholders of the motion of the Company’s Management Board concerning the planned distribution of the net profit for 2019 in the amount of PLN 32,504,367.62 (say: thirty-two million five hundred and four thousand three hundred and sixty-seven Polish zlotys and 62/100) and recommended that the Ordinary General Meeting of Shareholders adopted a resolution on the distribution of profit in the phrasing compliant with the motion, i.e. that the amount indicated be allocated:

a) to be paid out as dividend for the shareholders in the total amount of PLN 17,559,922.24 (say: seventeen million five hundred and fifty-nine thousand nine hundred and twenty-two Polish zlotys and 24/100), e. PLN 2.32 (two Polish zlotys and 32 groszys) per one share in the Company participating in the dividend;

b) supplementary capital in an amount remaining after the payment of the dividend, i.e. PLN 14,944,445.38 (say: fourteen million nine hundred and forty-four thousand four hundred and forty-five Polish zlotys and 38/100).

Signatures of Company’s representatives:

Jerzy Motz – President of the Management Board