09/05/2016
Current Report No. 40/2016: Amendment and adoption of the consolidated text of the Articles of Association by the Annual General
The Management Board of KRUK S.A. (the “Company”) announces that further to Resolution No. 35/2016 passed by the Annual General Meeting on May 9th 2016, Art. 14.2.21, Art. 18 and Art. 8 of the Company’s Articles of Association were amended as follows:
1. In Art. 14.2 of the Articles of Association, item 21), reading:
“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 selling price is PLN 5,000,000 (five million złoty) or more;”
2. The provisions of Art. 18 of the Articles of Association will become Art. 18.1 of the Articles of Association and Art. 18.2 will 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 will be added after Art. 8.1, reading:
“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 selling price is no more than PLN 5,000,000 (five million złoty), shall be made by the Management Board;”
The above amendments to the Articles of Association will become effective upon their registration with the Business Register of the National Court Register.
The Company publishes, in the form of an appendix to this report, the consolidated text of the amended Articles of Association adopted by the Annual General Meeting by Resolution No. 36/2016.
Detailed legal basis: Par. 38.1.2 of the Regulation of the Minister of Finance of February 19th 2009 on current and periodic information […]