Notification of change in the currently held share by at least 2% of the total number of votes and of exceeding the threshold of 20% of the total number of votes at the General Meeting of PROCHEM S.A.

Date of publication: 16.12.2016

The Management Board of PROCHEM S.A. informs that on December 16, 2016, it received a notification from the shareholder of the company, Mr. Steven Tappan, regarding a change in the previously held stake by at least 2% of the total number of votes and exceeding the threshold of 20% of the total number of votes at the General Meeting of PROCHEM S.A.

The change in the previously held stake by at least 2% of the total number of votes occurred due to the following events:

off-exchange block transactions and acquisition during the November 2016 session of a total of 60,000 shares entitling to 60,000 votes, representing 1.54% of the total number of votes at the company’s general meeting;
acquisition on December 13, 2016, of 42,500 shares entitling to 42,500 votes, representing 1.09% of the total number of votes at the company’s general meeting.

According to the latest reported shareholding status by Mr. Steven Tappan, before the aforementioned transactions, Mr. Steven Tappan held a total of 715,000 shares of PROCHEM S.A., which constituted 18.36% of the share capital and entitled to 715,000 votes, representing 18.35% of the total number of votes at the company’s general meeting.

After the change in shareholding, Mr. Steven Tappan holds a total of 817,500 shares of PROCHEM S.A., which constitute 20.99% of the share capital and entitle to 817,500 votes, representing 20.98% of the total number of votes at the company’s general meeting.

Mr. Steven Tappan also notified of exceeding the threshold of 20% of the total number of votes in PROCHEM S.A., which occurred due to the aforementioned acquisition transaction on December 13, 2016, of 42,500 shares.

Prior to the change in shareholding, Mr. Steven Tappan held a total of 775,000 shares of PROCHEM S.A., which constituted 19.90% of the share capital and entitled to 775,000 votes, representing 19.89% of the total number of votes at the company’s general meeting.

There are no subsidiaries of the notifying shareholder holding shares of PROCHEM S.A., and there are no individuals referred to in Article 87 section 1 item 3 of the Act on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organized Trading, and Public Companies.

The shareholder also does not hold the financial instruments referred to in Article 69b section 1 of the above Act, and does not hold the votes referred to in Article 69b section 2 and 3 of the above Act.