Notification submitted by Value Fund Poland Activist Fundusz Inwestycyjny Zamknięty and Copernicus Fundusz Inwestycyjny Otwarty (Subfundusz Spółek Wzrostowych) about a change in the shareholding so far in the total number of votes in PROCHEM S.A.

Date of publication: 26.03.2018

The Management Board of PROCHEM S.A. with its registered office in Warsaw informs that on March 23, 2018, PROCHEM S.A. received from CopernicusTowarzystwo Funduszy Inwestycyjnych S.A. (hereinafter referred to as “TFI”) the following information:

Acting on behalf of TFI, which was acting as an organ of funds managed by TFI such as Value Fund Poland Activist Fundusz Inwestycyjny Zamknięty (hereinafter referred to as “VFPA FIZ”) and Copernicus Fundusz Inwestycyjny Otwarty (hereinafter referred to as Subfundusz FIO) (both funds jointly referred to as Funds), pursuant to art. 69 sec. 1 item 2 in connection with Article 87 sec. 1 item 2 letter a/ of Act of 29 July 2005 on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organized Trading, and Public Companies (hereinafter referred to as “the Act”), we hereby notify about the reduction in shareholding in PROCHEM S.A. with its registered office in Warsaw held by the Funds and reduction in total number of votes in the Company being at disposal of the Funds below threshold of the 5%.

The change in shareholding which resulted in the reduction of the total number of votes in the Company at disposal of the Funds below the 5% threshold took place as a result of the entering into transactions by Funds on March 21, 2018 (hereinafter collectively referred to as “Transactions”).

Prior to Transaction VFPA FIZ held 239 690 shares in the Company, representing 6.15 % of the share capital of PROCHEM S.A, entitling to 239 690 votes at the General Meeting of PROCHEM S.A., constituting 6.15 % of the total number of votes in PROCHEM S.A.
Subfundusz FIO held 1345 shares in PROCHEM S.A., representing 0.03 % of the share capital of PROCHEM S.A., entitling to 1345 votes at the General Meeting of PROCHEM S.A., constituting 0.03% of the total number of votes in PROCHEM S.A.

After conducting the Transaction, VFPA FIZ holds 176 226 shares of the Company representing 4.52 % of the share capital of PROCHEM S.A, entitling to 176 226 votes at the General Meeting of PROCHEM S.A. constituting 4.52 % of the total number of votes in PROCHEM S.A.
Subfundusz FIO holds 989 shares in PROCHEM S.A., representing 0.03 % of the share capital of PROCHEM S.A., entitling to 989 votes at the General Meeting of PROCHEM S.A., constituting 0.03% of the total number of votes in PROCHEM S.A.

The Funds hold jointly 177 215 shares in PROCHEM S.A., representing 4.55 % of the share capital of the Company, entitling to 177 215 votes at the General Meeting of the Company’s Shareholders and constituting 4.55% of the total number of votes in the Company.

TFI has also informed that:

there are no subsidiaries of the Funds who hold PROCHEM SA shares;
there are no other than “Funds” such investment funds managed by TFI that would have PROCHEM SA shares;
with reference to the Funds there are no persons referred to in Article 87 sec. 1 item 3 of the Act;
Funds are not entitled to exercise voting rights attached to the shares of the Company in relation to the situations set out in Article 69 sec. 4 item 7-8 of the Act.