Body of the Report:
The Management Board of Jastrzębska Spółka Węglowa S.A. with its registered office in Jastrzębie-Zdrój (“Company”) in connection with Article 16 of the Act of 30 August 2019 Amending the Commercial Company Code and Certain Other Acts (Journal of Laws of 2019, Item 1798, as amended in Journal of Laws of 2020, Item 875), calls on all shareholders holding the Company’s share documents in the material (hardcopy) form to submit them to the Company share deposit operated by PKO Bank Polski Brokerage House in the Customer Service Office in Jastrzębie-Zdrój, Al. Józefa Piłsudskiego 31, Jastrzębie-Zdrój (44-335) or the Head Office in Warsaw, ul. Puławska 15, Warsaw (02-515), no later than by 1 March 2021, to be converted into electronic form.
The documents should be submitted on business days from 9:00 am to 5:00 pm.
The call also applies to the shareholders whose documents have been withdrawn from the deposit operated by the PKO Bank Polski Brokerage House.
Submission of the Company share documents will take place upon written confirmation of issued to the Company’s shareholders in the form of a delivery and acceptance report.
The legal basis for this call is provided by the Act of 30 August 2019 Amending the Commercial Company Code and Certain Other Acts (Journal of Laws of 2019, Item 1798, as amended in Journal of Laws of 2020, Item 875), on the basis of which the mandatory dematerialization of all of the Company shares is introduced. The dematerialization of the shares means that the material form of the shares will be substituted by electronic records in the Central Securities Depository.
In accordance with the introduced amendments of the regulations, the force and effect of the share documents in the material form issued by the Company expires by law as of 1 March 2021.
After this date, the material share documents will no longer confirm the shareholder status, but will be only evidentiary documents, required to update the Company’s electronic register operated by the Central Securities Depository.
1 January 2026, in turn, will be the date of expiry of protection of the membership rights for the Company’s shareholders whose share documents in the material form are not submitted to the Company’s share deposit operated by the PKO Bank Polski Brokerage House and are not recorded in the electronic register operated by the Central Securities Depository.
This call is the fourth of the five calls required by the provisions of law.
More information on the dematerialization of the Company’s shares can be obtained by phone at the following numbers: +48 32 756 4414; +48 32 756 4403 4403; +48 32 756 4535 on business days, from 8:00 am to 2:00 pm.