Krakchemia S.A

CURRENT REPORT NO. 12/2022 DATED 29.06.2022
EXECUTION OF AN ANNEX TO THE INSURANCE CONTRACT WITH COMPAGNIE FRANCAISE D’ASSURANCE POUR LE COMMERCE EXTERIEUR (COFACE) AND THE WITHDRAWAL OF THE COMPANY’S STATEMENT OF TERMINATION OF THE INSURANCE CONTRACT

The Management Board of KRAKCHEMIA S.A. (the “Company”) informs that on 29 June 2022 it received from Compagnie Francaise d’Assurance Pour le Commerce Exterieur (“COFACE”) a signed Annex to the Tradeliner Trade Credit Insurance Contract No. 802004903 (the “Contract”) for the insurance coverage against the risk of non-payment of receivables with respect to deliveries executed by the Company during the term of the Contract, prolonging the term of the Contract for a period from 1 July 2022 to 30 June 2024. The terms of the coverage changed. Under the Annex, the Company withdrew the statement of termination of the Contract of 27 April 2022, as reported by the Company in current report No. 2/2022 of 27 April 2022.

The Company informed about the conclusion and extension of the above-mentioned insurance contract in its current reports No. 37/2016 of 30.12.2016, No. 15/2018 of 29.06.2018 and No. 19/2020 of 2.09.2020.

Legal basis: Art. 17 section 1 of MAR

 

Current Report No. 11/2022 DATED 23.06.2022
CHOICE OF THE ENTITY ENTITLED TO AUDIT THE COMPANY'S FINANCIAL STATEMENTS

The Management Board of KRAKCHEMIA S.A. ("the Company") announces that on June 23, 2022, the Company's Supervisory Board designated Misters Audytor Adviser Sp. z o.o. as the entity authorised to conduct an audit and review of the Company's financial statements, with which an agreement covering:
- reviewing the Company's half-yearly financial statements for the first half of 2022,
- auditing the Company's financial statements for the financial year 2022,
- reviewing the Company's half-yearly financial statements for the first half of 2023,
- auditing the Company's financial statements for the financial year 2023, is to be concluded.

Misters Audytor Adviser Sp. z o.o., with its registered office in Warsaw, ul. Wiśniowa 40 lok.5, is entered on the list of entities authorised to audit financial statements under No 3704. The Company's Supervisory Board selected the entity authorised to audit financial statements in accordance with applicable laws and the Company's Articles of Association.
Misters Audytor Adviser Sp. z o.o. was hired by the company to audit and review its financial statements for the financial years 2020-2021.

Legal basis: Art. 17 sec. 1 – MAR

 

CURRENT REPORT NO. 10/2022 DATED 14.06.2022 - REVISION
LIST OF SHAREHOLDERS HOLDING AT LEAST 5% OF VOTES AT THE ORDINARY GENERAL MEETING OF KRAKCHEMIA S.A. ON 7 JUNE 2021

The Management Board of KRAKCHEMIA S.A. hereby publishes the list of shareholders holding at least 5% of votes at the Ordinary General Meeting of KRAKCHEMIA S.A. on 7 June 2022:

Jerzy Mazgaj - held 2,962,386 votes, constituting 73.65% of votes at this Ordinary General Meeting of KRAKCHEMIA S.A., which constituted 32.92% of the overall number of votes.
Andrzej Zdebski - held 1,060,000 votes, constituting 26.35% of votes at this Ordinary General Meeting of KRAKCHEMIA S.A., which constituted 11.78% of the overall number of votes.

Legal basis:
Article 70 item 3 of the Act of 29 July 2005 on public offers and the conditions for introducing financial instruments to an organized trading system and on public companies

 

CURRENT REPORT NO. 10/2022 DATED 13.06.2022
LIST OF SHAREHOLDERS HOLDING AT LEAST 5% OF VOTES AT THE ORDINARY GENERAL MEETING OF KRAKCHEMIA S.A. ON 7 JUNE 2021

The Management Board of KRAKCHEMIA S.A. hereby publishes the list of shareholders holding at least 5% of votes at the Ordinary General Meeting of KRAKCHEMIA S.A. on 7 June 2022:

Jerzy Mazgaj - held 2,962,386 votes, constituting 32.92% of votes at this Ordinary General Meeting of KRAKCHEMIA S.A., which constituted 32.92% of the overall number of votes.
Andrzej Zdebski - held 1,060,000 votes, constituting 11.78% of votes at this Ordinary General Meeting of KRAKCHEMIA S.A., which constituted 11.78% of the overall number of votes.

Legal basis:
Article 70 item 3 of the Act of 29 July 2005 on public offers and the conditions for introducing financial instruments to an organized trading system and on public companies

 

CURRENT REPORT NO. 9/2022 DATE 07.06.2022
APPOINTMENT OF THE MANAGEMENT BOARD OF KRAKCHEMIA S.A. FOR A NEW TERM OF OFFICE

The Management Board of KRAKCHEMIA S.A. would like to announce that the Supervisory Board of KRAKCHEMIA S.A., at its meeting on 7 June 2022, adopted a resolution on the appointment of the Company's Management Board for a new term of office, according to which the Supervisory Board of KRAKCHEMIA S.A. under § 5(1) (1.1) of the Company's Articles of Association decided that the Management Board of the Company for the new term will be composed of one person. The Supervisory Board appointed Mr Andrzej Zdebski to the Management Board and appointed him the President of the Management Board.

The biographical note of the President of the Management Board Mr Andrzej Zdebski was submitted to the public with the Current Report No. 6 on 21 March 2019.

Mr Andrzej Zdebski does not run any business competitive to the business of the Issuer’s company, is not involved in any activities of a competitor as a partner of a civil partnership, limited partnership or as a board member of a joint-stock company, and is not engaged in any other competitive legal entity as its board member. He has not been entered into the Register of Insolvent Debtors kept pursuant to the Act on the National Court Register.

 

Legal basis: 5(5) of the Regulation of the Minister of Finance of 29 March 2018 on current and periodic information provided by issuers of securities and the conditions for recognizing as equivalent the information required by the laws of a non-member state

 

CURRENT REPORT NO. 8/2022 of 7 June 2022
Appointment of Members of the Supervisory Board of KRAKCHEMIA S.A. for a new term of office and election of the Members of the Audit Committee of KRAKCHEMIA S.A.


The Management Board of KRAKCHEMIA S.A. would like to announce that, on 7 June 2022, the Ordinary General Meeting of KRAKCHEMIA S.A. appointed for a new term of office the six-member Supervisory Board of the Company composed of: Mr Jerzy Mazgaj, Ms Barbara Mazgaj, Mr Władysław Kardasiński, Mr Maciej Matusiak, Mr Wojciech Mazgaj, Ms Olga Lipińska-Długosz.

On 7 June 2022, the Supervisory Board of KRAKCHEMIA S.A. established the following composition: President of the Supervisory Board - Mr Jerzy Mazgaj, Vice-President of the Supervisory Board - Ms Barbara Mazgaj, Secretary of the Supervisory Board - Mr Władysław Kardasiński.

At the same time, the Supervisory Board of KRAKCHEMIA S.A. decided on 7 June 2022 to select the Audit Committee in the following composition: Mr Jerzy Mazgaj, Mr Maciej Matusiak and Ms Olga Lipińska-Długosz.

The biographical notes of Mr Jerzy Mazgaj, Ms Barbara Mazgaj, Mr Władysław Kardasiński and Mr Maciej Matusiak were provided in current reports: No. 23/2019 of 25 June 2019 and No. 14/2020 of 30 June 2020. 

Ms Olga Lipińska-Długosz and Mr Wojciech Mazgaj declared that there were no statutory reasons that prevent them from being appointed and acting as a member of the Supervisory Board in the Company, in particular those referred to in Article 18 of the CCC and Article 387 of the CCC, they did not participate in a company competitive in relation to the Company as a partner of a civil partnership, limited partnership or as a board member of a joint-stock company or any other competitive entity as its board member and had not been entered into the Register of Insolvent Debtors.

Ms Olga Lipińska-Długosz declared that she met the independence criteria under Article 129(3) of the Act of 11 May 2017 on Statutory Auditors, Audit Firms and Public Oversight, as well as under Annex II to the Commission Recommendation of 15 February 2005 on the role of non-executive or supervisory directors of listed companies and on the committees of the (supervisory) board, and met the additional requirements indicated in the Best Practices for WSE Listed Companies 2021.

The biographical notes of Ms Olga Lipińska-Długosz and Mr Wojciech Mazgaj are annexed to the current report.

Legal basis: § 5(5) of the Regulation of the Minister of Finance of 29 March 2018 on current and periodic information provided by issuers of securities and the conditions for recognizing as equivalent the information required by the laws of a non-member state.

 

Current Report No. 7/2022 of 7 June, 2022
RESOLUTIONS ADOPTED AT THE ORDINARY GENERAL MEETING OF SHAREHOLDERS OF KRAKCHEMIA S.A. ON 7 JUNE 2022; APPOINTMENT OF THE SUPERVISORY BOARD FOR A NEW TERM OF OFFICE

The Management Board of KRAKCHEMIA S.A. would like to announce that, on 7 June 2022, the Ordinary General Meeting of Shareholders KRAKCHEMIA S.A. adopted the resolutions indicated in Annex 1 to the Report.

At the same time, on 7 June 2022, the Ordinary General Meeting of Shareholders KRAKCHEMIA S.A. appointed the following persons to the six-member Supervisory Board for a new term of office: Jerzy Mazgaj, Barbara Mazgaj, Wojciech Mazgaj, Maciej Matusiak, Olga Lipińska-Długosz and Władysław Kardasiński.

The biographical notes of the members of the Supervisory Board constitute Annex 2 to the Report. 

Legal basis:
Article 56 item 1 point 2 of the Public Offering Act - current and periodic information

 

Current report No. 6/2022 of May 19, 2022
Supplement of draft resolutions for the Ordinary General Meeting of Krakchemia S.A.

The Management Board of Krakchemia S.A. with its registered office in Kraków ("Company"), in reference to the announcement on the convening of the Ordinary General Meeting of Shareholders of the Company on June 7, 2022 and the publication of draft resolutions for the Ordinary General Meeting of the Company in the current report no. 5/2022 of May 10, 2022, in addition to the draft resolutions, publishes the following attachments:

  • Annex No. 1 - Report of the Supervisory Board for 2021 for the purposes of draft resolution No. 6: "The Ordinary General Meeting of Shareholders of KRAKCHEMIA S.A. approves the report of the Supervisory Board for the financial year "
  • Annex No. 2 - Report of the Supervisory Board of Krakchemia A. on the remuneration of members of the Management Board and the Supervisory Board for 2021 for the purposes of draft resolution No. 17: "The Ordinary General Meeting of KRAKCHEMIA S.A. expresses a positive opinion on the Report of the Supervisory Board of Krakchemia S.A. concerning the remuneration of members of the Management Board and the Supervisory Board for 2021."

Annex No. 1 - Report of the Supervisory Board for 2021.
Annex No. 2 - Report of the Supervisory Board on the remuneration of members of the Management Board and Supervisory Board for 2021.

Legal basis:
Article 56 item 1 point 2 of the Public Offering Act - current and periodic information

 

Current Report No. 5/2022 of 10 May 2022
Announcement on the convening of the Annual General Meeting of Krakchemia S.A. and draft resolutions for the Ordinary General Meeting of Krakchemia S.A.

The management board of KRAKCHEMIA S.A., with its registered office in Kraków ("Company"), announces the convening of the Ordinary General Meeting of the Company on 7 June 2022, at 12:00 at the Company's registered office in Kraków, at ul. Powstania Listopadowego 14.

The full text of the announcement on convening the Ordinary General Meeting of the Company is attached as Appendix 1 hereto.

The Management Board of the Company publishes the draft resolutions for the Ordinary General Meeting of the Company convened for June 7, 2022, which constitute Appendix 2 hereto.

Information on the Ordinary General Meeting on the Company's website at: https://krakchemia.pl/ogloszenie-o-zwolaniu-zwyczajnego-walnego-zgromadzenia-krakchemia-s-a.

Legal basis:
Article 56 item 1 point 2 of the Public Offering Act - current and periodic information

 

CURRENT REPORT NO. 4/2022 DATED 05 MAY 2022
Notification regarding a significant block of shares

The Management Board of Krakchemia S.A. with its registered office in Krakow ("Company") hereby informs that on 5 May 2022 the Company received a notification pursuant to Article 69 paragraph 1 point 1 of the Act on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organised Trading, and Public Companies from the shareholder Peter Gyllenhammar AB with its registered office in Stockholm regarding a change in shareholding in the Company in connection with the transaction of sale of shares on 4 May 2022. Prior to the transaction, the shareholder held 1,669,117 shares in the Company, which accounted for 18.55% of the Company's share capital and represented 1,669,117 votes at the Company's general meeting of shareholders, which accounted for 18.55% of the total number of votes at the Company's general meeting of shareholders.  As a result of the transaction, the shareholder holds 1,320,408 shares in the Company, which constitutes 14.67% of the Company's share capital and represents 1,320,408 votes at the Company's general meeting of shareholders, which constitutes 14.67% of the total number of votes at the Company's general meeting of shareholders.

The notification constitutes an Attachment to this report.

Legal basis:
Article 70 item 1 of the Act on Public Offering

 

CURRENT REPORT NO. 3/2022 DATED 29 APRIL 2022
COMPANY'S ACCESSION TO THE LIQUIDITY SUPPORT PROGRAM

The Management Board of KRAKCHEMIA S.A. ("Company") hereby informs that on 28 April 2022 the Company acceded to the Liquidity Support Program.
Upon the Company's accession to the Liquidity Support Program, its shares shall no longer be classified in the Lower Liquidity Zone.
Pursuant to § 3 of Section IV of the Detailed Exchange Trading Rules in the UTP system, the change in the trading system resulting from the discontinuation of the classification of the company's shares in the Lower Liquidity Zone will take place starting from the trading session held on 4 May 2022.

Legal basis:
Art. 17 section 1 of MAR

 

CURRENT REPORT NO. 2/2022 DATED 27 APRIL 2022
SUBMISSION OF A NOTICE OF TERMINATION OF THE INSURANCE CONTRACT WITH COMPAGNIE FRANCAISE D'ASSURANCE POUR LE COMMERCE EXTERIEUR (COFACE)

The Management Board of KRAKCHEMIA S.A. with its registered office in Krakow ("Company") informs that on 27.04.2022 it submitted a notice on the termination of the Tradeliner trade credit insurance contract No. 802004903-1, CIT-W-RC1-PL1 with COMPAGNIE FRANCAISE D'ASSURANCE POUR LE COMMERCE EXTERIEUR (COFACE) concerning insurance protection covering the risk of non-payment of trade receivables. In connection with the termination notice, the contract will be terminated on 30.06.2022.
The Company informed about the conclusion and extension of the above-mentioned insurance contract in its current reports No. 37/2016 of 30.12.2016, No. 15/2018 of 29.06.2018 and No. 19/2020 of 2.09.2022.

Legal basis:
Art. 17 section 1 of MAR

 

CURRENT REPORT NO. 1/2022 DATED 11.01.2022
PUBLICATION DATES OF PERIODICAL REPORTS IN 2022

The Management Board of KRAKCHEMIA S.A. announces the publication dates of periodical reports in 2022:
Publication dates of quaterly reports:
for Q1 2022 – 26 May 2022 (Thursday)
for Q3 2022 – 24 November 2022 (Thursday) 
Publication date of the semi-annual report for the first half of 2022 – 29 September 2022 (Thursday) 
Publication date of the annual report for 2021 – 28 April 2022 (Thursday)

The Company does not publish a periodic report for Q4 2021 and a periodic report for Q2 2022 in accordance with the provisions of § 79(2) of the Regulation of the Minister of Finance of 29 March 2018 on current and periodic information provided by issuers of securities and the conditions for recognizing as equivalent the information required by the laws of a non-member state.

Legal basis: § 80(1) of the Regulation of the Minister of Finance of 29 March 2018 on current and periodic information provided by issuers of securities and the conditions for recognizing as equivalent the information required by the laws of a non-member state.