12/04/2016
Current Report No. 29/2016: Proposed amendments to the Articles of Association of KRUK S.A.
Acting on the basis of Par. 38.1.2 of the Regulation of the Minister of Finance of February 19th 2009 on current and periodic information […], the Management Board of Kruk S.A. (the Company) announces the proposed amendment to the Company’s Articles of Association, planned to be introduced at the Annual General Meeting of the Company to be held on May 9th 2016.
The proposed amendment consists in the following changes and additions:
1. In Art. 14.2 of the Articles of Association, item 21), reading as follows:
“21) granting consent to the purchase or disposal of property, perpetual usufruct rights or interests in property by the Company, excluding property purchased or sold as part of a debt collection process;”
shall be amended to read as follows:
“21) granting consent to the purchase or disposal of property, perpetual usufruct rights or interests in property by the Company if the VAT-exclusive purchase price or the VAT-exclusive sale price is PLN 5,000,000 (five million zloty) or more;”
2. The provisions of Art. 18 of the Articles of Association shall become Art. 18.1 of the Articles of Association and Art. 18.2 shall be added, reading as follows:
“2. No resolution of the General Meeting shall be required for the acquisition or disposal of any property, interests in property or perpetual usufruct rights.”
3. Art. 8.1a shall be added after Art. 8.1, reading as follows:
“1a. Decisions concerning the purchase or disposal of property, perpetual usufruct rights or interests in property by the Company if the VAT-exclusive purchase price or the VAT-exclusive sale price is no more than PLN 5,000,000 (five million zloty) shall be made by the Management Board;”
The Company also announces that the consolidated text of the Articles of Association including the proposed amendment is presented in the draft resolutions of the Annual General Meeting, published in Current Report No. 28/2016 of April 12th 2016.