WSE - Warsaw Stock Exchange SA

10/01/2019 | Press release | Distributed by Public on 10/01/2019 04:33

2/2019 - Report on an incidental breach of the Best Practice

2019-10-01 12:04:46

EBI Current Report No. 2/2019

Date: 1 October 2019

Subject: Report on an incidental breach of the Best Practice

Legal basis: § 29 (3) of the Rules of the Warsaw Stock Exchange

Pursuant to § 29 (3) of the Rules of the Warsaw Stock Exchange, the Warsaw Stock Exchange ('GPW' or 'Company') hereby presents a report concerning an incidental breach of Principle II.Z.11 of the 'Best Practice for GPW Listed Companies 2016'.

The supervisory board should review and issue opinions on matters to be decided in resolutions of the general meeting.

The Principle has been incidentally breached.

Commentary of the Company concerning the incidental breach of the Principle:
Further to the Current Report 23/2019 from 1 October 2019, concerning the formal motion of Company's shareholder - Chancellery of the Prime Minister acting on behalf of the State Treasury, submitted pursuant to art. 401 § 4 of the Commercial Companies Code, for changing the content of the draft resolution regarding the matter covered by item 6 of the agenda of the Extraordinary General Meeting, i.e. the adoption of the Regulations of the General Meeting convened by the Management Board of GPW S.A. as at October 1 2019, the Company hereby announces that the Supervisory Board will not review and, consequently, will not issue an opinion on the proposed draft resolution due to the short period of time between the submission of the draft resolution and the date of the General Meeting.

Signatures of representatives of the Company:
Jacek Fotek - Vice-President of the Management Board
Dariusz Kułakowski - Vice-President of the Management Board