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Report no. 19/2020

Appointment of Grupa LOTOS S.A. Supervisory Board of 11th term of office

The Management Board of Grupa LOTOS S.A. (the “Company”) announces that on June 30th 2020, following the end of the 10th term of office and the expiry of the mandates of members of the Company’s Supervisory Board, the Annual General Meeting appointed to the Company’s Supervisory Board of the 11th term of office the persons specified below, who were also members of the Company’s Supervisory Board of the tenth term of office: - Ms Beata Kozłowska-Chyła – Chair - Ms Katarzyna Lewandowska - Mr Piotr Ciach - Mr Dariusz Figura - Mr Adam Lewandowski - Mr Grzegorz Rybicki.
Report no. 14/2020

Date, agenda and draft resolutions of the Annual General Meeting of Grupa LOTOS S.A.

Acting pursuant to Art. 395, Art. 399.1 and Art 4021 of the Commercial Companies Code and Articles 8.1-4 and 8.7 of the Company's Articles of Association, the Management Board of Grupa LOTOS S.A. of Gdańsk, entered in the Business Register maintained by the District Court for Gdańsk-Północ in Gdańsk, 7th Commercial Division of the National Court Register, under KRS No. 0000106150, with a share capital of PLN 184,873,362 (paid in full), holding Tax Identification Number NIP 583-000-09-60, gives notice of the Annual General Meeting of Grupa LOTOS S.A., to be held at the Company's registered office at ul. Elbląska 135, Gdańsk, Poland, at 11:00 am on June 30th 2020.
Report no. 12/2020

Execution of transaction documents concerning the terms and conditions of Grupa LOTOS S.A.'s involvement in the financing of the Polimery Police project

Further to Current Report No. 41/2019 of December 13th 2019, which referred to the execution of the term-sheet concerning involvement in the financing of the Polimery Police project, Grupa LOTOS S.A. (the “Company”) announces that on May 31st 2020 agreements were signed to define the terms and conditions of the equity investment and subordinated debt financing (the “Transaction Documents”) in connection with the Grupa Azoty Polyolefins S.A.'s Polimery Police project 
Report no. 41/2019

Execution of memorandum of understanding with respect to participation in financing of “Polimery Police” investment project

Further to Current Report No. 9/2019 of April 26th 2019, Current Report No. 35/2019 of October 31st 2019, Current Report No. 38/2019 of November 22nd 2019 and Current Report No. 39/2019 of December 6th 2019, Grupa LOTOS S.A. (the “Company”) announces that on December 13th 2019 the Company signed a memorandum of understanding (the “MoU”) with Grupa Azoty S.A., Grupa Azoty Zakłady Chemiczne Police S.A. and Grupa Azoty Polyolefins S.A. setting out the terms of an equity investment in and debt financing of the “Polimery Police” investment project (the “Project”).
Report no. 38/2019

Execution of annex to letter of intent on financing of „Polimery Police” investment project

Further to Current Report No. 35/2019 of October 31st 2019, Grupa LOTOS S.A. (the “Company”) announces that on November 22nd 2019 the Company, Grupa Azoty S.A., Grupa Azoty Zakłady Chemiczne Police S.A. and Grupa Azoty Polyolefins S.A. signed an annex to the letter of intent on potential financing of the Polimery Police project, extending the document’s validity
Report no. 37/2019

Correction of consolidated annual report for 2018 and separate annual report for 2018

The Management Board of Grupa LOTOS S.A. (the “Company”) announces that in the Directors’ Report on the operations of Grupa LOTOS S.A. and the LOTOS Group in 2018 (the “Report”), forming part of the consolidated annual report for 2018 and the separate annual report for 2018, issued on March 12th 2019, there is an error relating to the number of independent members of the Company’s Audit Committee.
Report no. 36/2019

Discontinuance of court proceedings to revoke the resolutions passed by the Annual General Meeting on June 28th 2018

Further to Current Report No. 24/2018 of August 10th 2018, Grupa LOTOS S.A. (the “Company”) announces that the Circuit Court of Gdańsk decided to discontinue the proceedings to revoke the resolutions passed by the Company’s Annual General Meeting on June 28th 2018 in view of a settlement reached by the parties whereby the plaintiff agreed to withdraw the action and waive the claims asserted in the proceedings.
Report no. 30/2019

Correction of H1 2019 consolidated report

The Management Board of Grupa LOTOS S.A. announces that the Company erroneously failed to attach the independent auditor’s report on the review of the interim condensed consolidated financial statements to its H1 2019 report issued on August 20th 2019. To correct that error, the Company publishes, attached hereto, the independent auditor’s report on the review of the interim condensed consolidated financial statements.
Report no. 27/2019

Changes in Grupa LOTOS Management Board

The Management Board of Grupa LOTOS S.A. (the “Company”) announces that on July 24th 2019 the Supervisory Board of Grupa LOTOS S.A. appointed the following persons to the Company’s Management Board of the 10th joint term of office (with effect from July 25th 2019): Ms Zofia Maria Paryła, as Vice President of the Management Board, Chief Financial Officer, and Mr Marian Roman Krzemiński, as Vice President of the Management Board, Chief Investment and Innovation Officer.
Report no. 25/2019

Removal of Member of Grupa LOTOS S.A. Management Board

  Grupa LOTOS S.A. (the “Company”) announces that on July 11th 2019 it was notified that the Company’s Supervisory Board, acting pursuant to Art. 368.4 of the Commercial Companies Code and Articles 13.2.1 and 14.4 and 14.5 of the Company’s Articles of Association, removed Mr Patryk Demski and Mr Robert Sobków from the Management Board of Grupa LOTOS S.A. of the 10th joint term of office, with effect from July 11th 2019.
Report no. 24/2019

New loan agreements signed to refinance credit facilities taken to fund 10+ Programme

Further to Current Report No. 32/2008 of June 27th 2008, Grupa LOTOS S.A. (“Company”) announces that on July 2nd 2019 Grupa LOTOS S.A. and a bank syndicate comprising ING Bank Śląski S.A., PEKAO S.A., PKO BP S.A., Sumitomo Mitsui Banking Corporation Bank EU AG, Intesa Sanpaolo S.p. A, Caixabank S.A. (Spółka Akcyjna), Industrial and Commercial Bank of China (Europe) S.A. and Erste Group Bank AG, signed new loan agreements to refinance credit facilities taken out to fund the 10+ Programme.
Report no. 19/2019

Shareholder's motion regarding the submission of draft resolutions regarding matters included in the agenda of the Annual General Meeting of Grupa LOTOS SA

Grupa LOTOS SA ("Company") informs that on June 26, 2019, the Company received the application of the shareholder of the Company - the Treasury of State - drawn up on the basis of art. 401 §4 of the Commercial Companies Code - regarding the submission of draft resolutions regarding matters included in the agenda of the Ordinary General Meeting of the Company's Shareholders ("ZWZ") convened for June 28, 2019 n matters covered by item 16 of the agenda:
Report no. 18

Shareholder’s proposal of draft resolutions on matters included in the agenda of the Annual General Meeting of Grupa LOTOS S.A.

Grupa LOTOS S.A. (the „Company”) announces that on June 25th 2019 it received a proposal from the State Treasury, a shareholder of the Company, made pursuant to Art. 401.4 of the Commercial Companies Code, of draft resolutions on matters included in the agenda of the Company’s Annual General Meeting (the “AGM”) convened for June 28th 2019, concerning the following items:
Report no. 15/2019

A shareholder's request to put items on the agenda of the Annual General Meeting of Grupa LOTOS SA convened for June 28, 2019

Grupa LOTOS SA ("Company") informs about receiving on June 7, 2019 the motion of a shareholder - the State Treasury acting on behalf of which the Prime Minister of the Republic of Poland acts, representing at least one twentieth of the Company's share capital, to include in the agenda of the Annual General Meeting additional points as follows:
Report no. 14

Date, agenda and draft resolutions of the Annual General Meeting of Grupa LOTOS S.A.

  Acting pursuant to Art. 395, Art. 399.1 and Art 4021 of the Commercial Companies Code and Articles 8.1-4 and 8.7 of the Company's Articles of Association, the Management Board of Grupa LOTOS S.A. of Gdańsk, entered in the Business Register maintained by the District Court for Gdańsk-Północ in Gdańsk, 7th Commercial Division of the National Court Register, under KRS No. 0000106150, with a share capital of PLN 184,873,362 (paid in full), holding Tax Identification Number NIP 583-000-09-60, gives notice of the Annual General Meeting of Grupa LOTOS S.A., to be held at the Company's registered office at ul. Elbląska 135, Gdańsk, Poland, at 11:00 am on June 28th 2019.
Report no. 13

EFRA project – update

As an update of the information published by Grupa LOTOS S.A. (the “Company”) in Current Report No. 31/2018 of October 31st 2018, the Company announces that its subsidiary LOTOS Asfalt Sp. z o.o. and the General Contractor for the EFRA Project, Kinetics Technology S.p. A. (“KT”) signed an annex to the agreement for the engineering design, delivery and construction of a delayed coker unit (DCU with auxiliary facilities) and a hydrogen generation unit (HGU),
Report no. 9/2019

Execution of letter of intent on potential financing of Polimery Police investment project

Grupa LOTOS S.A. (the “Company”) announces that today: the Company, PDH Polska S.A. (“PDH”), Grupa Azoty S.A. and Grupa Azoty Zakłady Chemiczne Police S.A., jointly referred to as the “Parties”, signed a letter of intent (the “Letter of Intent”) providing the basis for commencing discussion on the Company’s potential participation in financing the Polimery Police project
Report no. 7/2019

Listing of one Series A share in Grupa LOTOS

Grupa LOTOS S.A. announces that, pursuant to Resolution No. 178/2005 of the Management Board of the Warsaw Stock Exchange (the “WSE”) of June 3rd 2005, and pursuant to Section 36, Section 38.1 and Section 38.3 of the WSE Rules, the WSE Management Board passed Resolution No. 340/2019 of April 17th 2019 to introduce to trading on the main market, with effect from April 29th 2019, 1 (one) Series A share in Grupa LOTOS S.A. with a par value of PLN 1 (one złoty), assigned code PLLOTOS00033 by the Central Securities Depository of Poland (the “CSDP”).
Report no. 4/2019

Delay in B8 field development

On March 1st 2019, Grupa LOTOS S.A. (the “Company”, the “Issuer”) received information on a change of the planned target development date for the B8 field. The main reason for the delay is that the field infrastructure needs to be modified as a result of design errors and changes to the concept for the conversion of the platform and development of the field, which were made in 2014–2015 and whose combined adverse effects have affected the project in the current period.
Report no. 2/2019

Notification: Major holdings of shares

Grupa LOTOS S.A. (the “Company”) announces that on January 30th 2019 the Company received a notification given under Art. 69 of the Act on Public Offering, Conditions Governing the Introduction of Financial Instruments to Or’ganised Trading, and Public Companies, dated July 29th 2005 from the shareholder Nationale-Nederlanden Otwarty Fundusz Emerytalny concerning a reduction of the shareholder’s share in total voting rights at the Company’s General Meeting below 5%.
Report no. 32/2018

Execution of annex to contract for engineering, procurement and construction of key EFRA units

Further to Current Report No. 31/2018 of October 31st 2018, the Management Board of Grupa LOTOS S.A. (the “Company”) announces that on December 4th 2018 the Company’s subsidiary LOTOS Asfalt Sp. z o.o. and KT - Kinetics Technology S.p.A. (“KT”) signed an annex to the contract for engineering, procurement and construction (EPC) of key EFRA units, as described in the Current Report mentioned above.
Report no. 31

Update of information on EFRA project progress – proposed annex to contract for engineering, procurement and construction of key EFRA units

By way of update to the information published by Grupa LOTOS S.A. (the “Company”) in Current Report No. 21/2018 of July 13th 2018, the Company’s Management Board announces that:  negotiations have been concluded as a result of which the parties have agreed on the wording of a draft annex to the contract for engineering, procurement and construction (EPC) of key EFRA units (see Current Report No. 24/2015) between the Company’s subsidiary, LOTOS Asfalt Sp. z o.o. and KT-Kinetics Technology S.p.A. (“KT”); the Company has received KT’s proposal sent to LOTOS Asfalt Sp. z o.o. via electronic transmission to execute the annex on the terms and conditions agreed upon by the parties.  
Report no. 30

Correction of consolidated interim report for Q3 2018

The Management Board of Grupa LOTOS S.A. (the “Company”) announces that in the Management’s Discussion and Analysis and in the notes to the Q3 2018 results, included in the LOTOS Group’s consolidated quarterly report for Q3 2018 issued on October 30th 2018, in the ‘Sales structure in the downstream segment’ table (p. 15), an apparent error was made as a result of which the volume of JET aviation fuel sales and, consequently, other figures based on this value were incorrectly disclosed.
Report no. 25

Nationale-Nederlanden Otwarty Fundusz Emerytalny S.A. with over 5% of total voting rights at Grupa LOTOS S.A.

  The Management Board of Grupa Lotos S.A. (the “Company”) announces that on August 10th 2018 it was informed of a notification received by the Company from Nationale-Nederlanden Otwarty Fundusz Emerytalny S.A. (the “Shareholder”) under Art. 69 of the Act on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organised Trading, and Public Companies of July 29th 2005, stating that the Shareholder exceeded 5% of total voting rights at the Company.  
Report no. 19/2018

Resolution passed by Grupa LOTOS S.A. Annual General Meeting after adjournment

The Management Board of Grupa LOTOS S.A. of Gdańsk (the “Company”) announces that on July 12th 2018, the Annual General Meeting (“AGM”) of the Company, resumed after adjournment, adopted Resolution No. 22 to grant its consent to the planned subscription and payment for shares in the increased share capital of LOTOS Upstream sp. z o.o., and to oblige the Management Board to submit to the Supervisory Board monthly reports on execution of activities related to the increase of the share capital of LOTOS Upstream sp. z o.o. During the AGM, one objection to Resolution No. 22 was raised and recorded in the minutes. Afterwards, the Annual General Meeting was closed.
Report no. 12/2018

Request by shareholder to place certain items on the agenda of the Annual General Meeting of Grupa LOTOS S.A. convened for June 28th 2018

The Management Board of Grupa LOTOS S.A. (the “Company”) announces that on June 7th 2018 it received a request from the State Treasury – the Prime Minister of Poland, a shareholder of the Company, made pursuant to Art. 401.1 of the Commercial Companies Code and Art. 8.6 of the Company's Articles of Association, to place on the agenda of the Company’s Annual General Meeting (the “AGM") convened for June 28th 2018 additional items 
Report no. 9

Date, agenda and draft resolutions of the Annual General Meeting of Grupa LOTOS S.A.

Acting pursuant to Art. 395 and Art. 399.1 of the Commercial Companies Code and Articles 8.1-4 and 8.7 of the Company's Articles of Association, the Management Board of Grupa LOTOS S.A. of Gdańsk, entered in the Business Register maintained by the District Court for Gdańsk-Północ in Gdańsk, 7th Commercial Division of the National Court Register, under KRS No. 0000106150, with a share capital of PLN 184,873,362 (paid in full), holding Tax Identification Number NIP 583-000-09-60, gives notice of the Annual General Meeting of Grupa LOTOS S.A., to be held at the Company's registered office at ul. Elbląska 135, Gdańsk, Poland, at 11:00 am on June 28th 2018.
Report no. 7/2018

Changes in the composition of the Management Board of Grupa LOTOS S.A.

In connection with the conclusion of the recruitment procedure for the positions of members of the Grupa LOTOS Management Board of the 10th term of office, Grupa LOTOS S.A. (the “Company”) announces that on May 18th 2018 the Company’s Supervisory Board shortened the duration of the 9th term of office of the Management Board; dismissed, as of May 21st 2018, the current members of the Management Board, i.e. Mr Mateusz Aleksander Bonca and Mr Jarosław Paweł Kawula; and revoked, as of May 21st 2018, the delegation of Mr Piotr Ciach, Member of the Supervisory Board, to temporarily perform duties of a Member of the Grupa LOTOS Management Board of the 9th term. Further, the Supervisory Board appointed the following persons to the Management Board of the 10th term of office
Report no. 5/2018

Commencement of due diligence at Grupa LOTOS S.A.

The Management Board of Grupa LOTOS S.A. (the “Company”) announces that following a request received from Polski Koncern Naftowy ORLEN S.A. (“PKN ORLEN S.A.”), a due diligence process concerning the Company has been undertaken by PKN ORLEN S.A. The commencement of due diligence is connected with the letter of intent signed by PKN ORLEN S.A. and the State Treasury (for more details, see Current Report No. 26/2018 published by PKN ORLEN S.A.)
Report no. 4/2018

Changes in Grupa LOTOS Management Board

The Management Board of Grupa LOTOS S.A. (the “Company”) announces that on March 19th 2018 it received information that the Company’s Supervisory Board, acting pursuant to Art. 368.4 of the Commercial Companies Code and Art. 13.2.1 and Art. 14.4 and 14.5 of the Company’s Articles of Association, removed Mr Marcin Adam Jastrzębski, President of the Management Board, from the Management Board of Grupa LOTOS S.A. of the 9th term of office.