PKN ORLEN S.A. ("Company") has been informed today that on 14 August 2018 changes to the Articles of Association of PKN ORLEN (“Articles of Association”), were registered in the register of entrepreneurs (decree of the District Court no. WA.XIV NS-REJ.KRS/24754/18/239).
According to resolutions no 25 and 26 of the PKN ORLEN Ordinary General Meeting dated 26 June 2018 (“OGM”) the court registered following changes to the Company’s Articles of Association:
- new wording of Article 8.7.1 “Supervisory Board meetings shall be convened by the Chairperson of the Supervisory Board or, if the Chairperson is absent or cannot perform his or her duties for other reasons, by the Deputy Chairperson of the Supervisory Board, and then by the Secretary of the Supervisory Board, of his or her own initiative or at a request made by authorised parties. Supervisory Board meetings shall be convened by means of written invitations, which should be sent to Supervisory Board members at such time as specified in the Rules of Procedure for the Supervisory Board.”
- adding Article 9.5.4 "The Management Board may adopt resolutions using means of remote communication.”
- new wording of Article 9.6 “The Management Board shall adopt the Rules of Procedure for the Management Board, specifying in detail the organisation of the Management Board and the procedures to be followed by the Management Board, including the manner of adopting resolutions in the manner specified in Art. 9.5.4 of the Articles of Association; the Rules of Procedure and any amendments thereto shall become effective upon approval by the Supervisory Board.”
The unified text of the Articles of Association, including changes referred to above, established by the resolution no 27 of the OGM, is attached hereto regulatory announcement.
See also: regulatory announcement no 82/2018 dated 26 June 2018.