Current Report No. 53/2024: Completion of the first subscription of Series H shares as part of conditional share capital increase and implementation of the incentive scheme

Further to Current Report No. 52/2024 dated September 23rd 2024 concerning the issuance of shares as part of the conditional share capital increase, the Management Board of KRUK S.A. (the ‘Company’) hereby announces the completion of the first subscription of Series H shares (the ‘Subscription’) related to the implementation of the incentive scheme (the ‘Scheme’). 
1)    Subscription commencement and completion dates: 
•    Subscription commencement date: August 26th 2024 
•    Subscription completion date: September 10th 2024 
2)    Allocation date:
September 18th 2024
3)    Number of shares offered in the Subscription:
62,878 shares
4)    Reduction rate:
not applicable
5)    Number of shares subscribed under the Subscription:
62,878 shares
6)    Number of shares allotted under the Subscription:
62,878 shares
7)    Subscription price:
PLN 248.96
8)    Number of individuals who subscribed for the shares:
91
9)    Number of individuals to whom shares were allocated under the Subscription:
91
10)    Underwriters who subscribed for shares as part of underwriting agreements:
Not applicable.The Company did not enter into any underwriting agreements.
11)    Total value of the Subscription (number of shares offered multiplied by the issue price):
PLN 15,654,106.88
12)    Method of payment for the shares:
The shares were paid for in cash.
The costs of preparing and conducting the Subscription, including promoting the share offering and preparing documentation – such as advisory costs – will be determined after all subscriptions under the Scheme are completed. Due to the current lack of information on the total costs of the Scheme and the final number of shares issued, the Company will disclose the total and per-share costs of conducting the offerings in a separate current report, which will be released to the public after the final share issue under the Scheme is completed. 
The costs associated with the share offering under the Scheme will be charged to the Company's operating expenses.
Detailed legal basis: Par. 16.1 of the Regulation of the Minister of Finance of March 29th 2018 on current and periodic information […]