Resolutions adopted by the Extraordinary General Meeting of Shareholders

The Management Board of Orzeł Biały SA encloses for public knowledge the resolutions adopted by the Extraordinary General Meeting of Orzeł Biały S.A. on January 25, 2018.

During the deliberations, none of the shareholders objected to the Minutes, and the consideration of any of the items on the agenda was not withdrawn.


Moreover, the Management Board of Orzeł Biały S.A hereby announces that on 25.01.2018 the EGM of Orzeł Biały S.A. by virtue of the resolution no 5 amended Art. 20 of the Company’s Articles of Association and by virtue of the Resolution No 6 established the consolidates text of the Company’s Articles of Association. The contents of the amended provisions in the current version and that amended by the Management Board is provided below.

Current content:

Article 20

1. The Supervisory Board shall appoint the audit committee from among its members.

2. Particularly, the assignments of the Audit Committee shall include:

  • a) monitoring financial reporting process;
  • b) monitoring the efficiency of internal controls, internal audit and risk management;
  • c) monitoring financial revision activities;
  • d) monitoring the independent nature of a chartered accountant and the entity authorized to audit financial statements.

3. Should the Supervisory Board consist of not more than five members, the tasks of the Audit Committee can be performed by the Supervisory Board itself.

Is replaced by the following:

Article 20


Legal basis: MFR WSE § 38 Para.1 Cl. 2,7,8,9

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