Date of publication: 28.12.2017

The Management Board of PROCHEM S.A. with its registered office in Warsaw informs that on December 27, 2018, PROCHEM S.A. received the following information from Quercus Towarzystwo Funduszy Inwestycyjnych S.A:

Quercus Towarzystwo Funduszy Inwestycyjnych S.A, acting on behalf of the managed investment funds: QUERCUS Parasolowy SFIO, QUERCUS Absolutnego Zwrotu FIZ and QUERCUS Absolute Return FIZ, informs about the reduction by the abovementioned Quercus Towarzystwo Funduszy Inwestycyjnych S.A, acting on behalf of the managed investment funds: QUERCUS Parasolowy SFIO, QUERCUS Absolutnego Zwrotu FIZ and QUERCUS Absolute Return FIZ, informs about the reduction by the above mentioned Funds jointly of share in the total number of votes in PROCHEM S.A. by 2% of the total number of votes and lowering below the threshold of 10% of the total number of votes in PROCHEM S.A.
The change in the share held so far took place as a result of transactions on the regulated market on 22 December 2017.

Before change in the shareholding the above Funds held 531,411 shares in PROCHEM S.A., which constituted 13.64% of the company’s share capital. The owned shares gave 531,411 votes at the General Meeting of the Company, which constituted 13.64% of the total number of votes at the General Meeting of the Company.

As at December 22, 2017, the Funds held 308,553 shares in PROCHEM S.A., which constituted 7.92% of the share capital of the company. The owned shares gave 308,553 votes at the General Meeting of the Company, which constituted 7.92% of the total number of votes at the General Meeting of the Company.

Before change in the shareholding QUERCUS Parasolowy SFIO held 308,408 shares in PROCHEM S.A., which constituted 7.92% of the company’s share capital. The owned shares gave 308,553 votes at the General Meeting of the Company, which constituted 7.92% of the total number of votes at the General Meeting of the Company.

As at December 22, 2017, QUERCUS Parasolowy SFIO held 178,408 shares in PROCHEM S.A., which constituted 4.58% of the share capital of the company. The owned shares gave 178,408 votes at the General Meeting of the Company, which constituted 4.58% of the total number of votes at the General Meeting of the Company.

There are no subsidiaries of the abovementioned Funds holding PROCHEM S.A. shares, as well as there are no persons referred to in Art. 87 sec. 1 item 3 lit. c 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.

The Company sends a scan of the received notification as an attachment to this report (download file).