PKN ORLEN S.A. („Company”) informs that on 8 June 2017 to the Company there was delivered a motion of the Minister of Energy acting on behalf of the shareholder the State Treasury, according to Article 401 par. 1 of the Code of Commercial Companies, on the following changes to the agenda of the Ordinary General Meeting, convened for 30 June 2017:
1. The adoption of the resolution regarding the change of the resolution no 4 of the Extraordinary General Meeting from 24th of January 2017 regarding rules of determining of the Management Board remuneration.
2. The adoption of resolutions regarding changes in the composition of the Supervisory Board.
3. The adoption of the resolution regarding the change of the Articles of Association of the Company.
4. The adoption of resolutions regarding:
a. terms of disposal of fixed assets,
b. terms of proceedings regarding conclusions of agreements on legal services, marketing services, public relations and public communication services and consultations on management and changes of these agreements,
c. terms of proceedings regarding donation agreements concluded by the Company, releasing from the debt or other agreements with similar effect,
d. terms and procedure of sale of fixed assets,
e. the obligation of submission of representative expenditures statements, expenditures on legal services, marketing services, public relations and public communication services and services of consultations on management,
f. the determination of requirements for the candidate for a Management Board member,
g. the realization of obligations resulting from Art. 17 par. 7, Art. 18 par. 2, Art. 20 and Art. 23 of the act on the state asset management.
The Minister of Energy justified his motion as the need to fulfil the provisions of the act as of 16 December 2016 on the state asset management (Journal of Law 2016 position 2259), as well as the use of his rights concerning changes in the composition of the Supervisory Board that are coming from the Company’s Articles of Association and the Code of Commercial Companies. The motion of the Minister of Energy is attached hereto.
PKN ORLEN S.A. will publish the changed agenda of the Ordinary General Meeting immediately after the Company’s Management Board adopts the proper resolution.
All information regarding the Extraordinary General Meeting is available at the Company’s website www.orlen.pl, tab: Investor relations/General Meetings.
See also: regulatory announcement no 65/2017 dated 16 May 2017.