Current Report No. 38/2022: Registration of a change in the share capital of KRUK S.A.

The Management Board of KRUK S.A. (the “Company”) announces that received a decision to register by the District Court for Wrocław-Fabryczna in Wrocław, 6th Commercial Division of the National Court Register, on April 19th 2022, of a PLN 272,853  increase in the share capital of KRUK S.A. through the issue of Series F shares. The entry of the share capital increase in the National Court Register is of declaratory nature. Pursuant to Resolution No. 26/2014 of the Annual General Meeting of KRUK S.A. (Resolution) dated May 28th 2014, the share capital was increased as part of the conditional share capital increase through the issue of 272,853 Series F shares with a par value of PLN 1.00 per share. The issue of Series F shares was related to the exercise of rights attached to Series A, B, C, D and E subscription warrants by eligible persons. Series A, B, C, D and E warrants were issued as part of the incentive scheme addressed to key management staff of KRUK S.A. and the Group companies.
KRUK S.A.’s share capital currently comprises:
a) 2,421,220 Series A bearer shares with a par value of PLN 1 per share,
b) 11,366,600 Series AA bearer shares with a par value of PLN 1 per share,
c) 1,250,000 Series B bearer shares with a par value of PLN 1 per share,
d) 491,520 Series C bearer shares with a par value of PLN 1 per share,
e) 1,100,000 Series D bearer shares with a par value of PLN 1 per share 
f) 843,876 Series E bearer shares with a par value of PLN 1 per share
g 539,682 Series F bearer shares with a par value of PLN 1 per share and
h) 1,000,000 Series G bearer shares with a par value of PLN 1 per share.
Currently, the share capital of KRUK S.A. amounts to PLN 19,012,898 and is divided into 19,012,898  shares, conferring 19,012,898  voting rights at the Company’s General Meeting.
At the same time, in accordance with the above, Par. 4.1 of the Company's Articles of Association was amended to give it the following wording:
”Par. 4 Share Capital
1. The share capital of the Company amounts to 19 012 898 (in words: nineteen million, twelve thousand and eight hundred and ninety-eight) zlotys and is divided into 19 012 898 (in words: nineteen million, twelve thousand and eight hundred and ninety-eight) shares with the par value of 1 (one) zloty each, of which:
(a) 2 421 220 (in words: two million four hundred and twenty-one thousand two hundred and twenty) ordinary bearer shares of A series,
(b) 11 366 600 (in words: eleven million three hundred sixty six thousand six hundred) ordinary bearer shares of AA series,
(c) 1 250 000 (in words: one million two hundred fifty thousand) ordinary bearer shares of B series,
(d) 491 520 (in words: four hundred ninety one thousand five hundred twenty) ordinary bearer shares of C series,
(e) 1 100 000 (in words: one million one hundred thousand) ordinary bearer shares of D series,
(f) 843 876 (in words: eight hundred forty three thousand eight hundred seventy six) ordinary bearer shares of E series,
(g) 539 682 (in words: five hundred thirty-nine thousand six hundred eighty-two) ordinary bearer shares of F series,
(h) 1 000 000 (in words: one million) ordinary bearer shares of G series.”
The issuer shall attached consolidated text of the Statute of the Company taking into account the above change.

At the same time, the Company announces that on April 5th 2022 a total number of 114,832 Series F Shares of the Company were recorded in the securities accounts of eligible persons. Pursuant to the provisions of Art. 452.1 of the Commercial Companies Code, on the date when the Shares were recorded in the securities accounts the Company’s share capital was increased from PLN 19,012,898.00 to PLN 19,127,730.00, i.e. by PLN 114,832.00, as announced by the Company in Current Report No. 25/2022.

Detailed legal basis: Par. 5.1 of the Regulation of the Minister of Finance of April 20th 2018 on current and periodic information […]