Current Report No 50/2020: Registration of amendments to KRUK Articles of Association

The Management Board of KRUK S.A. (the “Company”) announces that received a decision to register on December 14th 2020 by the District Court for Wrocław-Fabryczna of Wrocław, 6th Commercial Division of the National Court Register, of amendments to Article 13.4 of the Company’s Articles of Association, approved by the Company’s Annual General Meeting by Resolution No. 23/2020 on August 31st 2020.
In Section 4c, paragraph 4–6 of the Articles of Association, which has read as follows:
 ‘4. Holders of Subscription Warrants who are not Management Board Members shall be entitled to exercise their rights to subscribe for Series F Shares attached to the Subscription Warrants not earlier than six months after the date on which they acquired the Subscription Warrants (lock-up for subscription of Series F Shares by holders of Subscription Warrants), and not later than on December 31st 2021, subject to Section 9.6. 
 5. Holders of Subscription Warrants who are Management Board Members shall be entitled to exercise their rights to subscribe for Series F Shares attached to the Subscription Warrants not earlier than 12 months after the date on which they acquired the Subscription Warrants (lock-up for subscription of Series F Shares by holders of Subscription Warrants) and not later than on December 31st 2021. 
 6. Holders of Subscription Warrants issued as part of Tranche I shall be entitled to exercise their rights to subscribe for Series F Shares attached to the Subscription Warrants not earlier than 12 months after the date on which they acquired the Subscription Warrants (lock-up for subscription of Series F Shares by holders of Subscription Warrants) and not later than on December 31st 2021.’
shall be amended to read as follows:
‘4. Holders of Subscription Warrants who are not Management Board Members shall be entitled to exercise their rights to subscribe for Series F Shares attached to the Subscription Warrants not earlier than six months after the date on which they acquired the Subscription Warrants (lock-up for subscription of Series F Shares by holders of Subscription Warrants), and not later than on December 31st 2022, subject to Section 9.6. 
 5. Holders of Subscription Warrants who are Management Board Members shall be entitled to exercise their  rights to subscribe for Series F Shares attached to the Subscription Warrants not earlier than 12 months after the date on which they acquired the Subscription Warrants (lock-up for subscription of Series F Shares by holders of Subscription Warrants) and not later than on December 31st 2022. 
 6. Holders of Subscription Warrants issued as part of Tranche I shall be entitled to exercise their rights to subscribe for Series F Shares attached to the Subscription Warrants not earlier than 12 months after the date on which they acquired the Subscription Warrants (lock-up for subscription of Series F Shares by holders of Subscription Warrants) and not later than on December 31st 2022.’
The amendments to the Articles of Association took effect 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.
 Detailed legal basis: Par. 5.1 of the Regulation of the Minister of Finance of March 29th 2018 on current and periodic information […]