Notification by a shareholder of a change in the share in the total number of votes in the company PROCHEM S.A.

Date of publication: 09.08.2023

The Management Board of PROCHEM S.A. with its seat in Warsaw (hereinafter referred to as the “Company”) informs that on August 9, 2023, the Company received a notification from the Company’s shareholder, Steven Tappan, on a change in participation in total number of votes at the Company’s general meeting.

The change in the share in the total number of votes at the general meeting of the Company results from the reduction of the Company’s share capital from the amount of PLN 2,355,000.00 to the amount of PLN 2,005,000.00, i.e. by PLN 350,000 by way of redemption of 350,000 shares of the Company with a nominal value of PLN 1.00 each, corresponding to 350,000 votes.

Before the change, Steven Tappan held 1,002,450 shares of the Company, which constituted 42.57% of the share capital and had 1,002,450 votes from these shares, which constituted 42.55% of the total number of votes at the General Meeting.

After the change, Steven Tappan holds 1,002,450 shares of the Company, which constitutes 50.00% of the share capital and has 1,002,450 votes from these shares, which constitutes 49.97% of the total number of votes at the General Meeting.

There are no subsidiaries of the notifying shareholder who hold shares of PROCHEM S.A., and there are no persons referred to in art. 87 sec. 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 have the financial instruments referred to in Art. 69b section 1 of above Act, and does not have the votes referred to in Art. 69b section 2 and 3 of above Act.

A scan of the notification is attached to this report (download file).