PKN ORLEN S.A. („Company”) informs that on 5 June 2018 to the Company there was delivered a motion of the shareholder the State Treasury, submitted according to Article 401 par. 1 of the Code of Commercial Companies and par. 7 item 4 point 3 of the Company’s Articles of Association, to add to the agenda of the PKN ORLEN Ordinary General Meeting, convened for 26 June 2018, the point:
“The adoption of resolution regarding change to the resolution no 4 of the Extraordinary General Meeting dated 24 January 2017 regarding rules of determining of the PKN ORLEN Management Board remuneration”.
The Shareholder proposes to change the wording of par 7 item 1 of the resolution no 4 of the Extraordinary General Meeting dated 24 January 2017 regarding rules of determining of the PKN ORLEN Management Board remuneration so as to adjust it to the Act as of 9 June 2016 on the rules of determining remunerations for persons managing certain companies (Journal of Law of 2017, item 2190).
The draft resolution submitted by the Shareholder is attached hereto regulatory announcement.
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 Ordinary General Meeting is available at the Company’s website www.orlen.pl, tab: Investor relations/General Meetings.
See also: regulatory announcement no 60/2018 dated 29 May 2018.