The Management Board of Grupa LOTOS S.A. of Gdańsk (the “Company”) hereby announces that on July 30th 2018 the Company’s Supervisory Board, acting pursuant to the authorisation granted under Resolution No. 19 of the Annual General Meeting of June 28th 2018, adopted the consolidated text of the Company’s Articles of Association.
The consolidated text incorporates the following amendments made pursuant to Resolution No. 18 of the Annual General Meeting of June 28th 2018:
1. The existing Art. 11.2 was amended to read as follows: “Members of the Supervisory Board shall be appointed and removed from office by the General Meeting. Notwithstanding the foregoing, as long as the State Treasury remains a shareholder in the Company, the entity authorised to exercise voting rights attached to the shares held by the State Treasury shall have the right to appoint one member of the Supervisory Board by way of a written statement to that effect.”
2. The existing Art. 13.2.4 was amended to read as follows: “selection of the audit firm to audit the Company’s and the Group’s financial statements, in compliance with the provisions of the Accounting Act,”
3. The existing Art. 18.1 was amended to read as follows: “An auction shall be announced in the Public Information Bulletin on the website of the entity authorised to exercise voting rights attached to the shares held by the State Treasury, on the Company’s website, in a public area of the Company’s registered office where such announcement is clearly visible, and in other places customarily used for posting announcements.”
The Company publishes, attached hereto, the consolidated text of the Articles of Association of Grupa LOTOS S.A. adopted by the Supervisory Board.
Legal basis:
Par. 5.1 in conjunction with Par. 6.3 and Par. 6.4 of the Minister of Finance’s Regulation on current and periodic information to be published by issuers of securities and conditions for recognition as equivalent of information whose disclosure is required under the laws of a non-member state, dated March 29th 2018.