Pursuant to § 38 par. 1 point 2) of the Regulation issued by the Minister of Finance on the 19th of February, 2009 concerning current and periodical information pertaining to companies traded on the stock exchange and on the conditions for recognizing the equivalence of information required by legal regulations binding in a country which is not a member state, Comarch S.A.’s Management Board announces that received notice, concerning registration on 23rd of August, 2017 by the District Court for Kraków-Śródmieście, XI Economic Division of the National Court Register of changes in the Company’s Articles of Association adopted by the General Meeting on the 27th of June, 2017.
1. In art. 8 sec. 4 lit. c) the period at the end is replaced by a comma.
2. In art. 8 sec. 4, a new letter d) is added:
„d) disposal for the benefit of a legal person or non-corporate organizational unit of Polish or foreign law, including in particular, for the benefit of quasi-corporate unit of Polish or foreign law (“Structure”) controlled, within the meaning of art. 8 sec 5 of the company’s articles of association, only by a shareholder who contributes (disposes) registered preference shares to the Structure (“Contributing Shareholder”) or (jointly) controlled only by the Contributing Shareholder’s relatives in the ascending and descending line, siblings or spouse, or (jointly) controlled by some or all of the persons mentioned above (”Related Person or Related Persons”) and the Contributing Shareholder jointly (“Controlled Structure”) and disposal by the one Controlled Structure of the registered preference shares for the benefit of the other Controlled Structure.”
3. In art. 8, a new sections 5 and 6 are added:
„5. A Structure is the Controlled Structure in cases where:
a) the Contributing Shareholder and/or Related Person or Related Persons hold(s), directly or indirectly, majority of votes at the meeting of members, shareholders, members of cooperatives or similar ownership structure of the Structure that is a legal person. At the same time, pursuant to relevant provisions of the law or provision of the company’s articles of association or articles of partnership, cooperative and other similar legal person, which is the Structure, the Contributing Shareholder and/or Related Person or Related Persons is (are) entitled to appointing and dismissing more than half of the members of the Structure’s managing authority (Management Board, Administrative Board etc.) and more than half of the members of the supervisory authority and/or committee authority (audit committee), or the Contributing Shareholder and/or Related Person or Related Persons is (are) entitled to appointing and dismissing more than half of the members of the one-tier collegiate authority, both managing and supervisory, if it functions in the Structure;
or
b) the Contributing Shareholder and/or Related Person or Related Persons are, directly or indirectly, the only partners in a registered partnership, the only general partners or they constitute, according to criteria of voting rights, the major part of limited partners or shareholders in the partnership constituting the Structure. However, when the Contributing Shareholder and/or Related Person or Related Persons are limited partners or shareholders, the Structure will be the Controlled Structure only if the Contributing Shareholder and/or Related Person or Related Persons is a limited partner or only if a company or companies, which was fully dependent on the Contributing Shareholder and/or Related Person or Related Persons are the only limited partner.
6. In the case where the Structure will cease to meet the criteria of being the Controlled Structure, specific rights for voting in the General Meeting will expire with respect to the registered preferential shares are in the possession of the Structure from the day of losing sole (joint) control of the Structure by a person mentioned in sec 4 lit d) .”
4. The current sec. 5 in art. 8 shall be numbered „7”.
5. In article 8 a new section 8 is added:
„Provisions of section 7 do not apply in the case of disposal (contributing, acquiring as a result of succession) registered preferential shares in situations referred to in art. 8 sec. 4 from lit. a) to d).”
The unified text of Comarch S.A.’s Articles of Association, registered with the decision of the Court of the 23rd of August, 2017, is attached.