The notification by the “POROZUMIENIE PHC” about the change in the ownership in the total number of votes at the General Meeting of Shareholders of PROCHEM S.A.

Home page Investor relations Current reports The notification by the “POROZUMIENIE PHC” about the change in the ownership in the total number of votes at the General Meeting of Shareholders of PROCHEM S.A.

Date of publication: 05.10.2016

The Management Board of PROCHEM S.A. announces that on 5 October 2016. received a following notification from an entity under the name “POROZUMIENIE PHC”:

„Notification of change in voting right arising from the concluded agreement under the name “POROZUMIENIE PHC”, which is giving the right to exercise voting rights over 15% of the total number of votes at the general meeting of shareholders.

Notifying hereby announces that on October 4, 2016 Shareholder of the company PROCHEM S.A. Mr. Steven Tappan, a member of POROZUMIENIE PHC (hereinafter referred to as PHC), filed the notice of withdrawal from the PHC. Mr. Steven Tappan holds 510,000 shares of the company PROCHEM, which corresponds to 13.09% of votes in the total number of votes and represents 13.09% of the share capital.

Before the change in the composition of POROZUMIENIE PHC, the members of the agreement have had jointly at their disposal 1,173,561 shares in the company PROCHEM S.A., with the right to exercise 1,174,661 votes at the general meeting of shareholders of PROCHEM S.A., what corresponded to 30.1492% of total number of votes, and constituted 30.13% of the share capital.

After making changes in the composition of POROZUMIENIE PHC, the members of the agreement hold jointly at their disposal 663 561 shares of the company PROCHEM S.A., which gives the right to exercise 664,661 votes at the general meeting of shareholders of PROCHEM S.A., what corresponds to 17.0594% of the total number of votes and represents 17.0363% of the share capital.

PHC does not have any subsidiaries holding shares of the Company, do not exist also the persons referred to in Article. 87 sec. 1 point 3 letter c of the Act on Public Offering.
PHC has not any financial instruments which after the payment date unconditionally give the right or they obligate the holder to acquire shares with which voting rights are attached, which are already issued by the Company, or refer to the Company’s shares directly or indirectly, and have economic effects similar to those, which are related to financial instruments referred to in the preceding sentence, regardless of whether these instruments are performed by cash settlement referred to in article 69 b section 1 item 1) and 2) of the Act on Trading.