Dematerialisation of shares

On January 1, 2020, an amendment to the Commercial Companies Code entered into force (Act of August 30, 2019 amending the Act – Commercial Companies Code and some other acts; Journal of Laws 2019 item 1798). One of the most important changes introduced by the amendment is the mandatory dematerialisation of shares, as a result of which in 2021 shares in documentary form will be withdrawn from trading. The material form of securities will be replaced by an entry in the IT system. The consequence of the amendment will be a ban on the issue and issue of shares in the form of a document and the elimination of such shares from legal circulation. In return, you will be required to disclose the shares in the shareholder register or the National Depository of Securities.

The Company’s Management Board will post announcements on the next stages of the dematerialization process.