Registration of amendments to the Statutes of the Company – reduction of the share capital

Date of publication: 11.09.2018

The Management Board of PROCHEM S.A. with its registered office in Warsaw (hereinafter referred to as the “Issuer”), informs that on September 10, 2018, was received a decision of the District Court for the Capital City of Warsaw in Warsaw, 13th Commercial Department of the National Court Register on entering an entry in the Issuer’s National Court Register.
On August 29, 2018, the Court registered changes to the Statutes resulting from the content of resolutions of the Ordinary General Meeting of Shareholders of June 21, 2018 in accordance with the content of the Issuer’s application.

The Issuer informs that pursuant to the Resolutions of the above The Issuer informs that pursuant to the resolutions of the mentioned above Ordinary General Meeting of the Issuer’s Shareholders, the Court registered the reduction of the Company’s share capital from PLN 3,895,000.00 to PLN 2,935,000.00, i.e. by PLN 960,000 through redemption of 960,000 shares with the nominal value of PLN 1.00 each, what represents 960,000 of votes.
The company’s share capital currently amounts to PLN 2,935,000,00 and is divided into 2,935,000 shares with the nominal value of PLN 1.00 each, jointly giving the right to 2,936,160 votes.

The Issuer provides the content of the amended provisions of the Company’s Statutes as below, as amended by the Ordinary General Meeting of Shareholders on June 21, 2018 (Resolution No. 19):

§ 7

The company’s share capital amounts to 2,935,000 (two million nine hundred thirty five thousand) Zlotys and is divided into 2,935,000 shares with the nominal value of PLN 1.00 (one Zloty) each, including:

a) 1,817,500 (one million eight hundred seventeen thousand five hundred) founding shares issued in the form of inscribed shares,
b) 682,500 (six hundred eighty two thousand five hundred) B class shares issued in the form of inscribed shares,
c) 435,000 (four hundred thirty five thousand) C class bearer’s shares;

The Issuer also attaches the current uniform text of the Statutes of the Company to this report.