Legal basis: Article 56 Section 1 Item 2 of the Act on Offerings – current and periodic information
Body of the report:
In supplement to Current Report No. 12/2017, the Management Board of Jastrzębska Spółka Węglowa S.A. (“Company”, “JSW”) reports that on 31 May 2017 it received from the Minister of Energy, acting on behalf of the State Treasury, which is the Shareholder representing 55.16% of the Company’s share capital (“Shareholder”), a demand with justification submitted pursuant to Article 401 § 1 of the Commercial Company Code to add the following items to the agenda of the Ordinary Shareholder Meeting of JSW (“OSM”) convened for 23 June 2017:
I. adopt a resolution to amend Resolution No. 3 of the Extraordinary Shareholder Meeting of 12 January 2017 in the matter of the rules for setting the compensation of Management Board Members,
II. adopt a resolution to amend the Articles of Association of Jastrzębska Spółka Węglowa S.A.,
III. adopt resolutions in the following matters:
1) disposal of non-current assets,
2) contract procedure rules for entering into agreements to provide legal services, marketing services, public relations and social communication services and management consulting services and when amending them,
3) contract procedure rules for entering into donation agreements, debt forgiveness agreements and other agreements with a similar effect by the Company,
4) rules and procedure for disposal of non-current assets,
5) obligation to submit a report on entertainment expenditures, expenditures for legal services, marketing services, public relations and social communication services and management consulting services,
6) setting requirements for a candidate for the Company’s Management Board,
7) appointment of a Management Board member and recruitment procedure for a Management Board member,
8) fulfillment of obligations arising from Article 17 Section 7, Article 18 Section 2, Article 20 and Article 23 of the Act on Rules for Managing State Property.
In connection with the above, the previous item 12 of the agenda of the Ordinary Shareholder Meeting (which is assigned the successive number 15) is amended and new items 13 and 14 are added in the wording proposed by the Shareholder.
Consequently, the Company’s Management Board hereby announces the following new agenda of the Ordinary Shareholder Meeting:
1. Open the Ordinary Shareholder Meeting.
2. Elect the Chairperson of the Ordinary Shareholder Meeting.
3. Assert that the Ordinary Shareholder Meeting has been convened correctly and is capable of adopting resolutions.
4. Select the Election Committee of the Ordinary Shareholder Meeting.
5. Accept the agenda for the Ordinary Shareholder Meeting.
6. Present:
a) Report of the Jastrzębska Spółka Węglowa S.A. Supervisory Board on the outcome of the assessment of the financial statements of Jastrzębska Spółka Węglowa S.A., Management Board Report on the activity of Jastrzębska Spółka Węglowa S.A. and Report on payments made by Jastrzębska Spółka Węglowa S.A. to public administration bodies for the financial year ended 31 December 2016 and the Management Board’s motions to the Shareholder Meeting on the distribution of the net profit and accounting for other comprehensive income of Jastrzębska Spółka Węglowa S.A. for the financial year ended 31 December 2016;
b) Report of the Jastrzębska Spółka Węglowa S.A. Supervisory Board on the outcome of assessment of the Consolidated financial statements of the Jastrzębska Spółka Węglowa S.A. Group and the Management Board Report on the activity of the Jastrzębska Spółka Węglowa S.A. Group for the financial year ended 31 December 2016;
c) Report on the activity of the Supervisory Board of Jastrzębska Spółka Węglowa S.A. as the Company’s corporate body for the year ended 31 December 2016, comprising, among other things, a concise assessment of the Company’s standing, including an assessment of the internal control system and the risk management system.
7. Review:
a) The Financial statements of Jastrzębska Spółka Węglowa S.A. for the financial year ended 31 December 2016;
b) The Management Board report on the activity of Jastrzębska Spółka Węglowa S.A. in the financial year ended 31 December 2016;
c) Report on payments made by Jastrzębska Spółka Węglowa S.A. to the public administration bodies for the financial year ended 31 December 2016;
d) Management Board’s motion on the distribution of the net profit of Jastrzębska Spółka Węglowa S.A. for the financial year ended 31 December 2016;
e) Management Board’s motion on accounting for “Other comprehensive income” in Jastrzębska Spółka Węglowa S.A. in the financial year ended 31 December 2016.
8. Adopt resolutions on the following matters:
a) to approve the Financial Statements of Jastrzębska Spółka Węglowa S.A. for the financial year ended 31 December 2016;
b) to approve the Management Board report on the activity of Jastrzębska Spółka Węglowa S.A. in the financial year ended 31 December 2016;
c) to approve the Report on payments made by Jastrzębska Spółka Węglowa S.A. to the public administration bodies for the financial year ended 31 December 2016;
d) to distribute net profit of Jastrzębska Spółka Węglowa S.A. for the financial year ended 31 December 2016;
e) to account for “Other comprehensive income” in Jastrzębska Spółka Węglowa S.A. in the financial year ended 31 December 2016.
9. Review:
a) the Consolidated financial statements of the Jastrzębska Spółka Węglowa S.A. Group for the financial year ended 31 December 2016;
b) Management Board Report on the activity of the Jastrzębska Spółka Węglowa S.A. Group for the financial year ended 31 December 2016.
10. Adopt resolutions on the following matters:
a) to approve the Consolidated financial statements of the Jastrzębska Spółka Węglowa S.A. Group for the financial year ended 31 December 2016;
b) to approve the Management Board report on the activity of the Jastrzębska Spółka Węglowa S.A. Group for the financial year ended 31 December 2016.
11. Adopt resolutions on the following matters:
a) to grant a discharge to members of the Jastrzębska Spółka Węglowa S.A. Management Board on the performance of their duties in the financial year ended 31 December 2016;
b) to grant a discharge to members of the Jastrzębska Spółka Węglowa S.A. Supervisory Board on the performance of their duties in the financial year ended 31 December 2016.
12. Adopt a resolution to amend Resolution No. 3 of the Extraordinary Shareholder Meeting of 12 January 2017 in the matter of setting the compensation of Management Board Members.
13. Adopt a resolution to amend the Articles of Association of Jastrzębska Spółka Węglowa S.A.
14. Adopt resolutions on the following matters:
a) disposal of non-current assets,
b) contract procedure rules for entering into agreements to provide legal services, marketing services, public relations and social communication services and management consulting services and when amending them,
c) contract procedure rules for entering into donation agreements, debt forgiveness agreements and other agreements with a similar effect by the Company,
d) rules and procedure for disposal of non-current assets,
e) obligation to submit a report on entertainment expenditures, expenditures for legal services, marketing services, public relations and social communication services and management consulting services,
f) setting requirements for a candidate for the Company’s Management Board,
g) appointment of a Management Board member and recruitment procedure for a Management Board member,
h) fulfillment of obligations arising from Article 17 Section 7, Article 18 Section 2, Article 20 and Article 23 of the Act on Rules for Managing State Property.
15. Close the Ordinary Shareholder Meeting.
The Shareholder’s demand to change the agenda of the Ordinary Shareholder Meeting and the justification of the proposed changes is attached to this report.
Legal basis: § 38 Section 1 Item 4 of the Regulation issued by the Finance Minister on 19 February 2009 on the Current and Periodic Information Transmitted by Securities Issuers and the Conditions for Recognizing the Information Required by the Regulations of a Non-Member State as Equivalent.
