Current reports 2014 - Krakchemia S.A.

Krakchemia S.A

30.12.2014

CURRENT REPORT NO 22/2014 OF DECEMBER 30, 2014
CONCLUDING A CONSIDERABLE AGREEMENT

Krakchamia S.A Board informs that on December 30, 2014 an annex to a contract the trading credit risk insurance policy with an option of receivables` collection issued in favour of the Company by Towarzystwo Ubezpieczeń Euler Hermes S.A. with a seat in Warsaw was signed.

The subject of the annex is the prolongation until March 31, 2015 of a contract concluded by the Parties on January 7, 2014 of which the Board informed with a report No. 6/2014 of January 16, 2014. The subject of the contract is the insurance of the Company receivables by virtues of trading. Other contractual stipulations remain unchanged.

The criterion for considering the contract as considerable is the maximum amount of insurance in the given insurance year, exceeding 10 % KRAKCHEMIA SA own equity.

Legal basis:

§ 5 para. 1 item 3 of the Minister of Finance Regulation on current and periodical information published by the securities issuers and the conditions of considering as equivalent of the information required by the legal regulations of a non-member state (Dz. U. z 2009 r. Nr 33 poz. 259, Journal of Laws of 2009, No 33 item 259).

22.12.2014

CURRENT REPORT NO 21/2014 OF DECEMBER 22, 2014
SIGNING AN ANNEX TO A CONSIDERABLE CONTRACT

Krakchamia S.A Board informs that on December 22, 2014 a distribution annex to a contract was signed between Krakchemia S.A. and Basell Orlen Polyolefins Sprzedaż Sp. z o.o. (BOPS) with the seat in Płock.

The subject of the annex is the prolongation until March 31, 2015 of a contract concluded by the Parties on April 22, 2014 of which the Board informed with a report No. 11/2014 of April 22, 2014. Other contractual stipulations remain unchanged.

The criterion for regarding a contract as considerable is the value of the contract subject which exceeds 10 % of the Company sales for the period of four accounting quarters.

Legal basis: § 5 sec. 1 item 3 of the Minister of Finance regulation on the current and periodical information published by the securities issuers and the circumstances of regarding as equivalent of the information required by the legal acts of a non-member state (Dz. U. z 2009 r. Nr 33 poz. 259 – The Journal of Law of 2009, No 33 item 259).

21.10.2014

CURRENT REPORT No 20/2014 OF OCTOBER 21, 2014
SIGNING THE ANNEX TO THE CREDIT AGREEMENT WITH MBANK S.A. (FORMERLY BRE BANK S.A.)

KRAKCHEMIA S.A. Board informs that on October 21, 2014 the annex to the credit agreement of March 2, 2004 concluded with mBank S.A. with the seat in Warszawa (Warsaw)(The Bank), formerly BRE Bank S. A. has been signed. The annex extends the payment of credit amounting to 5 000 thousand PLN until October 30, 2015.

The period of paying off the credit undergo a change. The other stipulations of the agreement, including the safeguard reported as in 22/2013 of 5.08.2013, did not undergo a change. The credit bears an interest on the basis of a variable WIBOR O/N rate, increased by the bank`s margin. The purpose of the credit – current financing of the Company activity. The value of established safeguarding of the credit exceeds the equivalent of 1 million euro.

Legal basis:

§ 5 para 1 point 1 of the Minister of Finance Regulation on current and periodical information published by the issuers of securities and on the terms of regarding as equivalent of information required by the laws of non-member states (Dz. U. z 2009 r. Nr 33 poz. 259 – Journal of Laws of 2009, No 33 item 259).

25.09.2014

CURRENT REPORT No 19/2014 OF SEPTEMBER 25, 2014
SIGNING THE ANNEX TO THE CREDIT AGREEMENT WITH MBANK S.A. (FORMERLY BRE BANK S.A.)

KRAKCHEMIA S.A. Board informs that on September 25, 2014 the annex to the credit agreement of March 2, 2004 concluded with mBank S.A. with the seat in Warszawa (Warsaw)(The Bank), formerly BRE Bank S. A. has been signed. The annex extends the payment of credit amounting to 5 000 thousand PLN until October 31, 2014.

Legal basis: § 5 para 1 point 1 of the Minister of Finance Regulation on current and periodical information published by the issuers of securities and on the terms of regarding as equivalent of information required by the laws of non-member states (Dz. U. z 2009 r. Nr 33 poz. 259 – Journal of Laws of 2009, No 33 item 259).

26.08.2014

CURRENT REPORT No 18/2014 OF AUGUST 26, 2014
SIGNING THE ANNEX TO THE CREDIT AGREEMENT WITH MBANK S.A. (FORMERLY BRE BANK S.A.)

KRAKCHEMIA S.A. Board informs that on August 26, 2014 the annex to the credit agreement of March 2, 2004 concluded with mBank S.A. with the seat in Warszawa (Warsaw)(The Bank), formerly BRE Bank S. A. has been signed. The annex extends the payment of credit amounting to 5 000 thousand PLN until September 30, 2014.

21.07.2014

CURRENT REPORT NO. 17/2014 OF JULY 21, 2014
CHOICE OF THE ENTITY AUTHORIZED TO SURVEY THE FINANCIAL REPORTS OF THE COMPANY

KRAKCHEMIA S.A Board informs that on July 21, 2014 the Supervisory Board appointed Kancelaria Biegłych Rewidentów “Konto” Sp. z.o.o. as the entity authorised to execute the review of financial reports. The contract to be signed encompasses the review of the Company mid-year financial report review for the first half of 2014 as well as the financial report review for the accounting year 2014.

Kancelaria Biegłych Rewidentów „Konto” Sp. z o.o. with a seat in Kraków, ul. Syrokomli 17 is inscribed in the registrar of entities authorized to survey the financial reports under the entry 327.

KRAKCHEMIA S.A has already taken advantage of Kancelaria Biegłych Rewidentów “Konto” Sp. z o.o. services within the scope of yearly financial reports review as well as mid-year reports reviews, which took place in years 2007-2013.

The Supervisory Board made the choice of the entity authorized to examine its financial statements in accordance with legal regulations in force and according to Company’s Statute.

The legal basis: § 5 para. 1 item 19 of the Ministry of Finance Regulation on the current and periodical information issued by the securities issuers and the conditions of qualifying as important of the information required by the legal stipulations of the non-member country of the European Union (Dz. U. z 2009 r. Nr 33 poz. 259; Legal Journal 2009, No 33, item 259).

2.07.2014

CURRENT REPORT No. 16/2014 of July 2, 2014
THE LIST OF SHAREHOLDERS POSSESSING AT LEAST 5% OF VOTES AT THE ORDINARY GENERAL MEETING KRAKCHEMIA S.A. OF JUNE 30, 2014.

KRAKCHEMIA S.A. Board announces the list of shareholders possessing at least 5% of votes at The Ordinary General Meeting KRAKCHEMIA S.A. of June 30, 2014:

1. ALMA MARKET S.A. with seat in Kraków – possessing 4 184 962 votes, represented 66,19% of votes at the OGSM and 46,50% of the overall number of votes.

2. Otwarty Fundusz Emerytalny PZU „Złota Jesień” with seat in Warszawa – possessing 965 000 votes, represented 15,26% of votes at the OGSM and 10,72% of the overall number of votes.

3. Jerzy Mazgaj - possessing 446 342 votes, represented 7,06% of votes at the OGSM and 4,96% of the overall number of votes.

4. QUERCUS Absolute Return Fundusz Inwestycyjny Zamknięty with seat in Warszawa - possessing 342 634 votes, represented 5,42% of votes at the OGSM and 3,81% of the overall number of votes.

5. QUERCUS Absolutnego Zwrotu Fundusz Inwestycyjny Zamknięty with seat in Warszawa - possessing 323 626 votes, represented 5,12% of votes at the OGSM and 3,60% of the overall number of votes.

Legal basis: Article 70, point 3, Law about the public offer and conditions of introducing financial instruments into organized turnover system and about the public companies, of July 29th, 2005

1.07.2014

CURRENT REPORT No 15/2014 of July 1, 2014
LISTING OF RESOLUTIONS PASSED AT KRAKCHEMIA S.A. ORDINARY GENERAL SHAREHOLDERS MEETING OF JUNE 30, 2014

KRAKCHEMIA S.A. Board informs that Krakchemia S.A. Ordinary General Shareholders Meeting of June 30, 2014 passed the following resolutions :

Resolution No 1 in the wording:

“KRAKCHEMIA S.A General Shareholders Meeting appoints Mr. Tomasz Świerczyński as the Chairman of the Meeting.”

For the adoption of the resolution were: 6.322.564 of votes “in favour”, 0 votes “against”, 90 votes “abstain”.

Resolution No 2 in the wording:

“KRAKCHEMIA S.A General Shareholders Meeting resolves, acting on the basis of art.420 § 3 of CCC, to annul the secret ballot with regard to the choice of the Returning Officers Panel composition.”

Total number of shares represented at the Ordinary General Meeting, of which valid shares` votes amounted to 6.322.654, with the percentage stake of the shares in the initial equity amounted to 70,25%.
For the adoption of the resolution were: 6.322.654 of votes “in favour”, 0 votes “against”, 0 votes “abstain”.

Resolution No 3 in the wording:

“KRAKCHEMIA S.A General Shareholders Meeting appoints the Returning Officers Panel in the following composition:

- Sebastian Dulewicz,

- Włodzimierz Oprzędek,

- Andrzej Zdebski.”

For the adoption of the resolution were: 6.322.654 of votes “in favour”, 0 votes “against”, 0 votes “abstain”.

Resolution No 4 in the wording:

“KRAKCHEMIA S.A General Shareholders Meeting adopts the agenda presented.”

For the adoption of the resolution were: 6.322.654 of votes “in favour”, 0 votes “against”, 0 votes “abstain”.

Resolution No 5 in the wording:

“KRAKCHEMIA S.A General Shareholders Meeting approves the Company financial report for the trading year 2013, which is composed of:

1. The report on the financial situation compiled on 31 December 2013, which on the assets as well as on the own equity and liabilities side presents the amount of 190 896 784,55 PLN;
2. The result statement and other total income for the period from 1 January 2013 to 31 December 2013, which presents the net profit in the amount of 9 007 845,69 PLN;
3. The report on the monetary flow for the period from 1 January 2013 to 31 December 2013, which presents the increase in the cash and credit on the current account by the amount of 18 624 335,43 PLN;
4. The report on the own equity changes for the period from 1 January 2013 to 31 December 2013, presenting the decrease in the own equity by the amount of 1 821 618,95 PLN;
5. Additional information on the adopted accountancy principles and other explanatory information for the period from 1 January 2013 to 31 December 2013.”
Total number of shares represented at the Ordinary General Meeting, of which valid shares` votes amounted to 6.322.654 with the percentage stake of the shares in the initial equity amounted to 70,25%.
For the adoption of the resolution were: 6.322.654 of votes “in favour”, 0 votes “against”, 0 votes “abstain”.

Resolution No 6 in the wording:

“KRAKCHEMIA S.A General Shareholders Meeting approves the Company Board report on activity for the trading year 2013.”

Total number of shares represented at the Ordinary General Meeting, of which valid shares` votes amounted to 6.322.654 with the percentage stake of the shares in the initial equity amounted to 70,25%.
For the adoption of the resolution were: 6.322.654 of votes “in favour”, 0 votes “against”, 0 votes “abstain”.

Resolution No 7 in the wording:

“KRAKCHEMIA S.A General Shareholders Meeting resolves to grant Mr. Andrzej Zdebski a vote of approval on the fulfilment of duties as the Chairman of the Company Board in the trading year 2013.”

Resolution No 8 in the wording:

“KRAKCHEMIA S.A General Shareholders Meeting resolves to grant Mr. Włodzimierz Oprzędek a vote of approval on the fulfilment of duties as the Deputy Chairman of the Company Board in the financial year 2013.”

Resolution No 9 in the wording:

“KRAKCHEMIA S.A General Shareholders Meeting resolves to grant Mr. Jerzy Mazgaj a vote of approval on the fulfilment of duties as the Chairman of the Supervisory Board in the trading year 2013.”

Total number of shares represented at the Ordinary General Meeting, of which valid shares` votes amounted to 5.876.312 with the percentage stake of the shares in the initial equity amounted to 65,29%.
For the adoption of the resolution were: 5.876.312 of votes “in favour”, 0 votes “against”, 0 votes “abstain”.

Resolution No 10 in the wording:

“KRAKCHEMIA S.A General Shareholders Meeting resolves to grant Ms. Barbara Mazgaj a vote of approval on the fulfilment of duties as the Deputy Chairman of the Supervisory Board in the trading year 2013.”

Resolution No 11 in the wording:

“KRAKCHEMIA S.A General Shareholders Meeting resolves to grant Mr. Kazimierz Sowa a vote of approval on the fulfilment of duties as the Secretary of the Supervisory Board in the period from April 16, 2013 to December 31, 2013.”

Resolution No 12 in the wording:

“KRAKCHEMIA S.A General Shareholders Meeting resolves to grant Mr. Mariusz Wojdon a vote of approval on the fulfilment of duties as the Member of the Supervisory Board in the trading year 2013.”

Resolution No 13 in the wording:

“KRAKCHEMIA S.A General Shareholders Meeting resolves to grant Mr. Marian Janicki a vote of approval on the fulfilment of duties as the Secretary of the Supervisory Board in the period from April 16, 2013 to December 31, 2013.”

Resolution No 14 in the wording:

“KRAKCHEMIA S.A General Shareholders Meeting resolves to grant Ms. Elżbieta Wyrobiec a vote of approval on the fulfilment of duties as the Member of the Supervisory Board in the period from January 1, 2013 to April 16, 2013.”

Resolution No 15 in the wording:

“KRAKCHEMIA S.A General Shareholders Meeting resolves to grant Ms. Ilona Malik a vote of approval on the fulfilment of duties as the Secretary of the Supervisory Board in the period from January 1, 2013 to April 16, 2013.”

Resolution No 16 in the wording:

“KRAKCHEMIA S.A General Shareholders Meeting resolves to grant Mr. Marek Kłuciński a vote of approval on the fulfilment of duties as the Member of the Supervisory Board in the period from January 1, 2013 to April 16, 2013.”

Resolution No 18 in the wording:

„ KRAKCHEMIA S.A General Shareholders Meeting destines the net profit for the trading year 2013 in the amount of 9 007 845,69 PLN for the Company reserve equity.”

For the adoption of the resolution were: 4.631.394 of votes “in favour”, 1.691.260 votes “against”, 0 votes “abstain”.

Legal basis:
§ 38 ust. 1 pkt 7 of the Minister of Finance Regulation on the current and periodical information transferred by the securities` issuers and on the conditions of regarding as equivalent of the information required by the laws of non-member states (Bill of Laws of 2009, No 33 item 259 with later changes - Dz. U. z 2009 r. Nr 33 poz. 259 wraz z późniejszymi zmianami).

10.06.2014

CURRENT REPORT NO. 14/2014 OF 10.06.2014
A PROJECT OF A RESOLUTION FOR KRAKCHEMIA S.A. GENERAL SHAREHOLDERS MEETING SUPPLIED BY THE SHAREHOLDERS

KRAKCHEMIA S.A. Board announces a project of a resolution, supplied on 9 June 2014 by QUERCUS Absolute Return FIZ and QUERCUS Absolutnego Zwrotu FIZ Shareholders, in the mode of art. 401 § 4 of Commercial Companies Code in reference to item 9.5. of the General Shareholders Meeting agenda convening on 30 June 2014 in the following wording:

Resolution No. 17

General Meeting makes use of Krakchemia S.A. profit for the accounting year 2013, in the amount of 9 007 845,69 PLN (nine million seven thousand eight hundred and forty - five zloty sixty-nine grosz), in the following manner:
a) for the payment of a dividend– amount of 5 400 000,00 PLN (five million four hundred thousand złoty zero grosz), i.e. 0,60 PLN per share,
b) for the reserve capital– amount of 3 607 840,69 PLN (three million six hundred and seven thousand eight hundred and forty złoty sixty-nine grosz).
General Meeting determines that the day of the dividend (i.e. the day according to which one determines the list of shareholders entitled to the dividend for the accounting year 2013) is 17 July 2014.
General Meeting determines that the day of payment of the dividend for the accounting year 2013 is 4 August 2014.
The resolution comes into force with the day of its adoption.

Legal basis:

§ 38 para. 1 item 5) of the Minister of Finance regulation of 19.02.2009 on the current and periodical information published by the securities issuers and on the conditions of regarding as equivalent of the information required by a non-member state (Dz.U. Nr 33, poz. 259 z późn. zm.; Journal of Laws No. 33 item 259 with later changes).

3.06.2014

CURRENT REPORT No. 13/2014 of June 3, 2014
SUMMONING THE ORDINARY GENERAL SHAREHOLDERS MEETING

KRAKHEMIA Joint Stock Company Board with the seat in Kraków, under the address ul. Pułkownika Dąbka 10, enlisted in the Company register by the Regional Court for Kraków– Śródmieście in Kraków, XI Wydział Gospodarczy Krajowego Rejestru Sądowego (Department 11 of the National Court Register) under the entry KRS: 0000217348 (henceforth called „The Company”), on the basis of Art. 399 § 1 in connection with art. 402¹ § 1 Commercial Company Code, summons herewith the Ordinary Shareholders Meeting due on 30 June 2014, 12:00 o`clock, which is to be held in Sala Konferencyjna Izby Przemysłowo – Handlowej w Krakowie (Conference Room of the Chamber of Commerce and Industry in Kraków), ul. Floriańska 3 (Floriańska St.).

II.

The Company Board suggests the following agenda:

Opening of the General Meeting.
Selecting the Chairman of the General Meeting.
Stating the validity of summoning the General Meeting as well as its capability to vote resolutions. Stwierdzenie prawidłowości zwołania Walnego Zgromadzenia i zdolności do podejmowania uchwał.
Passing the resolution of annulling the secret ballot in the matters concerning the choice of the Returning Officers Panel.
Choice of the Returning Officers Panel
Presenting and accepting the agenda.
Presenting the Company Board report on the Company activity and the financial report of the Company for the trading year 2013.
Presenting the Supervisory Board report on the review of the Company Financial Report and the Company Board on the activity for the year 2013 as well as the motion concerning the use of profit for the trading year 2013 and also presenting the Company situation taking into consideration the evaluation of the system of inner control and the system of managing the risks relevant for the Company.
Passing resolutions concerning:

9.1. Approval of the financial report for the trading year 2013;

9.2. Approval of the Company Board on the Activity for the year 2013;

9.3. Granting members of the Company Board the vote of approval in the trading year 2013;

9.4. Granting members of the Supervisory Board the vote of approval on the execution of their duties in the trading year 2013;

9.5. The use of Company profit for the trading year 2013;

Closing the meeting.

III.

In reference to Art. 402² of CCC, the Board publishes information concerning the participation in the General Shareholders Meeting:

1. The shareholders possessing at least 1/20 of the initial capital are entitled to demand the placement of particular matters in the General Shareholders Meeting agenda. The demand should be announced to KRAKCHEMIA S.A. Board no later than 21 days before the appointed date of the Meeting i.e. not later than on 9 June 2014. The demand should contain justification or the draft of a proposed resolution concerning the agenda item proposed. The demand may be submitted in a written form at the Company seat (Kraków, ul. Płk. Dąbka 10), or in the electronic form and transferred only to the following electronic mail address: wza@krakchemia.pl.

The shareholder should indicate that he/she is in the possession of the required number of shares as on the date of the demand presentation i.e. he/she should enclose the certificate of shares or the certificate granting the right of participation in the General Meeting together with the demand. In case of legal persons and organisational entities without the legal person status, one needs additionally present the right of acting as a proxy on behalf of this entity through enclosing an up-to-date copy of the appropriate registry for the entity.

In case of shareholders presenting a demand by means of electronic media of communication, the documents should be transferred in the PDF format.

The demand transferred by the shareholders using the electronic communication means in a manner different than through the aforementioned email address, or without meeting the aforementioned requirements, do not have any legal effects with regard to the Company and as such are not considered.

2. The shareholders possessing at least 1/20 of the initial capital may present the resolutions drafts concerning the matters introduced to the agenda of the General Meeting or the matters, which are to be introduced to the agenda in the written form at the Company seat (Kraków, ul. Płk. Dąbka 10), or in the electronic form (in the manner indicated in item 1 above).

The drafts of resolutions transferred by the shareholders using the electronic communication means in the manners other than through the email address mentioned above or without meeting the conditions described above, do not have any legal effects with regard to the Company.

3. Each of the shareholders entitled to participate in the General Meeting can introduce drafts of resolutions concerning the matters placed in the agenda during the General Meeting.

4. A shareholder may participate in the General Meeting and execute his right of vote personally or by means of a proxy. A sample of the form for right of vote execution by means of a proxy was placed on the internet page: www.krakchemia.pl/850,gsm,2648,en.

The proxy is not obliged to vote by means of the aforementioned form.

At the same time, the Company Board informs that in case where the shareholder appoints a proxy together with an instruction concerning the vote, the Company will not verify if the proxies execute the right in accordance with the instruction, which was granted by the shareholder.

The right of representation in the voting through the proxy should be granted in a written form or in an electronic one. Granting the right of proxy in the electronic manner does not require an authorized digital signature verified by a valid signer`s private key.

The shareholder is obliged to transfer to the Company a note informing of granting the right of proxy in the electronic form at the electronic mail address wza@krakchemia.pl, not later than by 27 June 2014, 15 o`clock Warsaw Mean Time.

In case of transfer of the note on granting the right of proxy in the electronic manner, the shareholder or the person authorized to take part in the General Meeting, sends, at the afore-mentioned electronic address the following :

A scan of the certificate of share concerning the Company stocks or the notification on the right of participation in the General Meeting of the Company,
The text or scan of the right of proxy granted, containing the data of the person granting the right or the people acting on his/her behalf in accordance with the rules of proxy representation valid with the person granting the right,
A scan of ID or passport (including the date allowing the identification of the holder) of the proxy being a natural person,
A scan of a copy from the register pertaining to the proxy being a legal person or an organizational unit without legal personality,
An electronic mail address for communication with the shareholder or his/her proxy.

The aforementioned stipulations are applied accordingly, to the notification on withdrawal of the right of proxy in an electronic form.

The notifications transferred by the shareholders in the form other than through the aforementioned electronic mail or without meeting the requirements outlined above, will not cause legal effects with regard to the Company.

The shareholders will be allowed to participate in the General Meeting upon the identity card presentation, and the proxies upon the identity card presentation accompanied by the valid right of proxy granted in the written manner or through an electronic manner (the proxy should present the printout of the right of proxy).

The proxies of legal persons or the organisational units without legal personality are additionally obliged to present an up-to-date copies from respective registers, naming the people authorized to represent the entities.

5. The Company Articles do not stipulate possibility of General Meeting attendance via the use of electronic communication means.

6. The Company Articles do not stipulate possibility of voicing opinions at the General Meeting via the use of electronic communication means.

7. The Company Articles do not stipulate possibility of right of vote execution via correspondence nor via the use of electronic communication means during the General Meeting.

8. The date for registration of General Meeting participation is 14 June 2014.

9. The right of participation in KRAKCHEMIA S.A. General Meeting belongs to the people who:

a) As on 16 days before the General Meeting (i.e. 14 June 2014) are the Company shareholders,

b) In the period between the day of publishing this announcement and 16 June 2014 submit to the entity carrying the security account, where the Company shares are inscribed, a demand of issuing a name-bearing certificate on the right of vote in the General Meeting.

KRAKCHEMIA S.A. determines a list of shareholders authorized to participate in the General Meeting on the basis of a list received from the National Depository for Securities (Krajowy Depozyt Papierów Wartościowych).

On the days of 25, 26 and 27 June 2014, in the hours from 9 a.m to 3 p.m, at the seat of KRAKCHEMIA S.A (Kraków, ul. Płk. Dąbka 10), a list of shareholders authorized to participate at the General Shareholders Meeting will be presented. A shareholder is entitled to demand the list to be transferred to his electronic email address upon request (providing the email address).

10. People authorized to participate in the General Meeting may obtain the complete documentation text which is to be presented at the General Meeting and the drafts of resolutions at KRAKCHEMIA S.A. seat (Kraków, ul. Płk. Dąbka 10) or at the Company website: www.krakchemia.pl/850,gsm,2648,en.

11. KRAKCHEMIA S.A. will make available all necessary information concerning the General Meeting at the Company website at www.krakchemia.pl/850,gsm,2648,en.

IV.
KRAKCHEMIA S.A. Board publishes the texts of resolution drafts to be presented at the General Meeting:

Resolution No 1 of KRAKCHEMIA S.A General Shareholders Meeting

“KRAKCHEMIA S.A General Shareholders Meeting appoints Mr./Ms ______ as the Chairman of the Meeting.”

Resolution No 2 of KRAKCHEMIA S.A General Shareholders Meeting

Resolution No 3 of KRAKCHEMIA S.A General Shareholders Meeting

“KRAKCHEMIA S.A General Shareholders Meeting appoints the Returning Officers Panel in the following composition: ________________:”

Resolution No 4 of KRAKCHEMIA S.A General Shareholders Meeting

“KRAKCHEMIA S.A General Shareholders Meeting adopts the agenda presented.”

Resolution No 5 of KRAKCHEMIA S.A General Shareholders Meeting

“KRAKCHEMIA S.A General Shareholders Meeting approves the Company financial report for the trading year 2013, which is composed of:

1. The report on the financial situation compiled on 31 December 2013, which on the assets as well as on the own equity and liabilities side presents the amount of 190 896 784,55 PLN;

2. The result statement and other total income for the period from 1 January 2013 to 31 December 2013, which presents the net profit in the amount of 9 007 845,69 PLN;

3. The report on the monetary flow for the period from 1 January 2013 to 31 December 2013, which presents the increase in the cash and credit on the current account by the amount of 18 624 335,43 PLN;

4. The report on the own equity changes for the period from 1 January 2013 to 31 December 2013, presenting the decrease in the own equity by the amount of 1 821 618,95 PLN;

5. Additional information on the adopted accountancy principles and other explanatory information for the period from 1 January 2013 to 31 December 2013.”

Resolution No 6 of KRAKCHEMIA S.A General Shareholders Meeting

“KRAKCHEMIA S.A General Shareholders Meeting approves the Company Board report on activity for the trading year 2013.”

Resolution No 7 of KRAKCHEMIA S.A General Shareholders Meeting

“KRAKCHEMIA S.A General Shareholders Meeting resolves to grant Mr. Andrzej Zdebski a vote of approval on the fulfilment of duties as the Chairman of the Company Board in the trading year 2013.”

Resolution No 8 of KRAKCHEMIA S.A General Shareholders Meeting

Resolution No 9 of KRAKCHEMIA S.A General Shareholders Meeting

“KRAKCHEMIA S.A General Shareholders Meeting resolves to grant Mr. Jerzy Mazgaj a vote of approval on the fulfilment of duties as the Chairman of the Supervisory Board in the trading year 2013.”

Resolution No 10 of KRAKCHEMIA S.A General Shareholders Meeting

Resolution No 11 of KRAKCHEMIA S.A General Shareholders Meeting

Resolution No 12 of KRAKCHEMIA S.A General Shareholders Meeting

“KRAKCHEMIA S.A General Shareholders Meeting resolves to grant Mr. Mariusz Wojdon a vote of approval on the fulfilment of duties as the Member of the Supervisory Board in the trading year 2013.”

Resolution No 13 of KRAKCHEMIA S.A General Shareholders Meeting

Resolution No 14 of KRAKCHEMIA S.A General Shareholders Meeting

Resolution No 15 of KRAKCHEMIA S.A General Shareholders Meeting

Resolution No 16 of KRAKCHEMIA S.A General Shareholders Meeting

Resolution No 17 of KRAKCHEMIA S.A General Shareholders Meeting

„ KRAKCHEMIA S.A General Shareholders Meeting destines the net profit for the trading year 2013 in the amount of 9 007 845,69 PLN for the Company reserve equity.”

KRAKCHEMIA S.A. Board

The Legal Basis:
§ 38 sec. 1 of the Minister of Finance Regulation of February 19, 2009 concerning the current and periodical information published by the securities issuing entities (Official Journal, Dz. U. Of 2009 No 33 item. 259)

30.04.2014

CURRENT REPORT No. 12/2014 of 30.04.2014
PROLONGING THE BANK GUARANTEE GRANTED BY PKO BP S.A.

KRAKCHEMIA S.A. Board informs that on 30.04.2014 Powszechna Kasa Oszczędności Bank Polski Spółka Akcyjna with the seat in Warsaw, acting upon the Company`s commission, prolonged the irrevocable unconditional guarantee of payment execution up to the amount of 22.000 thousand PLN (verbatim : twenty two million PLN), in favour of Basell Orlen Polyolefins Sprzedaż Sp. z o.o. with the seat in Płock (Guarantee`s Beneficiary), by virtue of trade liabilities resulting from the Distribution Agreement of 22.04.2014 concluded between Basell Orlen Polyolefins Sprzedaż Sp. z o.o. and KRAKCHEMIA S.A. The Guarantee is a continuation of the previously granted one, of which the Board informed with a report No. 1/2014 of 9.01.2014.

The guarantee collateral was established in the credit agreement with PKO BP S.A. published in report No. 19/2010. The guarantee is valid until 28.02.2015. The guarantee is transferrable i.e. the Beneficiary`s rights by virtue of this guarantee may be transferred upon the having received the Bank`s agreement.

Legal basis:
§ 5 para. 1 item 3 of the Minister of Finance Regulation on the current and periodical information published by the securities issuers and the conditions of regarding as equivalent of the information required by the regulations of a non-member state (Dz. U. z 2009 r. Nr 33 poz. 259, Journal of Laws of 2009, No 33 item 259).

22.04.2014

CURRENT REPORT NO 11/2014 OF 22.04.2014
CONCLUDING A CONSIDERABLE CONTRACT

KRAKCHEMIA S.A. Board informs that on 22.04.2014, as the result of a previous three-party agreement, a distribution contract was signed between Krakchemia S.A. and Basell Orlen Polyolefins Sprzedaż Sp. z o.o. (BOPS) with the seat in Płock. The contract becomes valid as on the day of its signing.

The subject of the contrast is the co-operation comprising the promotion and distribution of polyolefins products defined in the contrast (plastic raw materials).

The contract was concluded for a defined period until 31^st December 2014.

The criterion for regarding the contract as considerable is the volume of trade transactions concluded within the contract, the amount of which in the period of the contract validity exceeds 10 % of the revenues from sale of the Company for the period of four trading quarters.

Legal basis:
§ 5 para. 1 item 3 Minister of Finance Regulation on the current and periodical information published by the securities issuers and on the conditions of regarding as equivalent of the information required by the non-member states (Dz. U. z 2009 r. Nr 33 poz. 259, Journal of Laws of 2009, No 33, item 259).

19.03.2014

CURRENT REPORT No. 10/2014 OF 19.03.2014
CHANGE IN THE STAKE IN THE OVERALL NUMBER OF VOTES

KRAKCHEMIA S.A. Board („The Company”) informs that on 18.03.2014 a notification in the following wording was received : „Towarzystwo Funduszy Inwestycyjnych PZU SA („TFI PZU SA”) with a seat in Warszawa acting on behalf of and in favour of the investment funds managed thereby, namely:

PZU Fundusz Inwestycyjny Otwarty Parasolowy;
PZU Specjalistyczny Fundusz Inwestycyjny Otwarty Universum,

(„Fundusze TFI PZU”), in accordance with Art. 69 para. 1 item 2) and Art. 87 para. 1 item 2) letter a) of the Bill of 29 July 2005 on the public offer and the conditions of introducing financial instruments into the organised trading system and on public companies (i.e.. Dz. U. z 2013 r., poz. 1382; Journal of Laws of 2013, item 1382), informs herewith that as a result of the clearance on 18 March 2014 of the sale transaction of 4 172 (verbatim : four thousand one hundred and seventy-two) shares of KRAKCHEMIA SA („The Company”), the stake of Fundusze TFI PZU win the overall number of shares at the General Shareholders` Meeting of the Company was decreased below the threshold of 5%, i.e..:

Number of shares in possession before the change in stake: 452 063
Percentage stake in the Company initial capital: 5,02%
Number of votes from shares: 452 063
Percentage stake in the overall number of votes: 5,02%

Number of shares in possession after the change in stake: 447 891
Percentage stake in the Company initial capital: 4,98%
Number of votes from shares: 447 891
Percentage stake in the overall number of votes: 4,98%

TFI PZU SA as the managing entity, is entitled to execute its voting rights on behalf of Fundusze TFI PZU at the General Meeting of the Company.”

Art.70 item. 1 of the Bill of 29.07.2005 on public trading and on the conditions of introducing of financial instruments into the organized trading system and on public companies.

28.02.2014

CURRENT REPORT No. 9/2014 OF 28.02.2014
SIGNING AN ANNEX TO THE CREDIT AGREEMENT WITH PKO BP SA

KRAKCHEMIA S.A. Board (The Company) informs that on 27.02.2014 the Company signed an annex No. 4 to the credit agreement signed on 18.12.2007 with Powszechna Kasa Oszczędności Bank Polski Spółka Akcyjna with a seat in Warsaw (the Bank).

The amount of limit and sublimits of the multi-purpose credit underwent a change. The other stipulations of the agreement, including the interest of credit and the safeguard reported as in 15/2013 of 17.06.2013, did not undergo a change.

The multi-purpose credit limit was decreased down to the amount of 50.350 thousand PLN and is composed of the particular sublimits, which cannot exceed:

- credit limit in the current account in the amount up to 28.350 thousand PLN,

-trading renewable credit limit up to the amount of 29.000 thousand PLN to finance the bank guarantees and liabilities that might arise by virtue of the guarantee execution in the domestic trading in the amount of up to 27.000 thousand PLN and the documentary letters of credit resulting from the activity executed up to the amount of 2.000 thousand PLN.

The total amount of particular sublimits usage cannot exceed the amount of the multipurpose credit limit amounting to 50.350 thousand PLN.

Legal basis:

§ 5 para. 1 item 1 of the Minister of Finance Regulation on current and periodical information published by the security issuers and the conditions of regarding as equivalent of the information required by the laws of a non-member state (Dz. U. z 2009 r. Nr 33 poz. 259; Journal of Laws of 2009, No 33 item 259)

31.01.2014

CURRENT REPORT No 8/2014 of January 31, 2014
THE DATES OF PUBLISHING THE PERIODICAL REPORTS IN 2014

KRAKCHEMIA S.A. Board publishes the dates of publishing the periodical reports in 2014:

I. The dates of publishing the quarterly reports:
1. For the 1st quarter of 2014 - May 9, 2013 (Friday)
2. For the 3rd quarter of 2014 - November 7, 2014 (Friday)

II. The date of publishing the half-year report for the first half of 2014 – August 26, 2014 (Tuesday)

III. The date of publishing the yearly report for the year 2013 – March 12, 2014 (Wednesday)

The Company shall not publish the periodical report for the 4th quarter of 2013 and the periodical report for the 2nd quarter of 2014 in accordance with the stipulations of § 101 ust. 2 and § 102 ust. 1 of the Minister of Finance regulation of February 19, 2009 on the current and periodical reports published by the securities issuers and the circumstances of regarding as equivalent of the information required by the non-member state legal acts (Dz. U. z 2009 r. Nr 33, poz. 259 – the Journal of Law of 2009 No 33 item 259).

The Legal Basis:
§ 103 ust. 1 of the Minister of Finance regulation of February 19, 2009 on the current and periodical reports published by the securities issuers and the circumstances of regarding as equivalent of the information required by the non-member state legal acts (Dz. U. z 2009 r. Nr 33, poz. 259 – the Journal of Law of 2009 No 33 item 259).

24.01.2014

CURRENT REPORT No. 7/2014 of 24.01.2014
FULFILLMENT OF A CONDITION CONCERNING THE CONCLUDED CONSIDERABLE AGREEMENT

KRAKCHEMIA S.A. (The Company) informs that on January 23, 2014 a credit of 17 m PLN taken out on January 27, 2007 from Bank Zachodni WBK S.A. with a seat in Wrocław – formerly Kredyt Bank Spółka Akcyjna (The Bank) was paid completely off. The intention of paying off was reported by the Company in the current report 2/2014 of January 16, 2014. Herewith, the condition of a due payment of the credit incorporated in the agreement with the Bank was fulfilled.

Legal basis:
§ 5 para. 1 item 4 of the Minister of Finance Regulation upon the current and periodical information published by securities` issuers and the conditions of regarding as equivalent of the information required by non-member states (Dz. U. z 2009 r. Nr 33 poz. 259, Journal of Laws of 2009, No 33 item 259).

16.01.2014

CURRENT REPORT No. 6/2014 OF JANUARY 16, 2014
CONCLUDING A CONSIDERABLE AGREEMENT

Krakchamia S.A. Board (The Company) informs that on January 16, 2014 it received information on signing the trading credit risk insurance policy signed on January 7, 2014 with an option of receivables` collection issued in favour of the Company by Towarzystwo Ubezpieczeń Euler Hermes S.A. with a seat in Warsaw.

The policy if valid in the period from 01.01.2014 to 31.12.2014 and is a continuation of the hitherto co-operation. The subject of the contract is the insurance of the Company receivables by virtues of trading. The amount of the premium does not undergo any changes. Other conditions of the insurance i.e. the level of protection for the unnamed customer did undergo changes.

The criterion for considering the contract as considerable is the maximum amount of insurance in the given insurance year, exceeding 10 % KRAKCHEMIA SA own equity.

Legal basis:

16.01.2014

CURRENT REPORT NO 5/2014 OF JANUARY 16, 2014
CONCLUSION OF A CONSIDERABLE CONTRACT

KRAKCHEMIA S.A. Board informs that the amount of forward type safeguarding transactions (contracts) concluded with PKO Bank Polski S.A. with a seat in (the Bank) exceeded 10 per cent of KRAKCHEMIA S.A. equity capital.

The subject of the contracts concluded with the Bank is safeguarding of currency exchange rates fluctuations resulting from trading products` sale and purchase transactions, the payment for which follows on the date later than the order.

Particular transactions that are concluded refer to the real delivery of currency (USD) by virtue of the import purchase executed and each of them is correspondent to the trade liability and the period of their payment, which do not exceed 4 months.

Concluding the transactions of forward type, which safeguard the risk of currency exchange rates fluctuation, poses a part of Company strategy aiming at minimalizing the influence of currency exchange rates fluctuations over the financial results.

The transactions were concluded on market conditions, which did not differ from a common practice in such financial operations.

The criterion of regarding a contract as considerable is the value of the contract`s subject exceeding 10 per cent of KRAKCHEMIA S.A. equity capital

Legal basis :
§ 5 ust. 1 pkt 3 of the Minister of Finance regulation on the current and periodical information published by the securities issuers and the circumstances of regarding as equivalent of the information required by the legal acts of a non-member state (Dz. U. z 2009 r. Nr 33 poz. 259 – The Journal of Law of 2009, No 33 item 259)

16.01.2014

CURRENT REPORT NO 4/2014 OF JANUARY 16, 2014
CONCLUSION OF A CONSIDERABLE CONTRACT

KRAKCHEMIA S.A. Board informs that the amount of forward type safeguarding transactions (contracts) concluded with mBank S.A. with a seat in Warsaw (previously BRE Bank Spółka Akcyjna) (the Bank) exceeded 10 per cent of KRAKCHEMIA S.A. equity capital.

Particular transactions that are concluded refer to the real delivery of currency by virtue of the import purchase executed and each of them is correspondent to the trade liability and the period of their payment, which do not exceed 3 months.

The transactions were concluded on market conditions, which did not differ from a common practice in such financial operations.

The criterion of regarding a contract as considerable is the value of the contract`s subject exceeding 10 per cent of KRAKCHEMIA S.A. equity capital

16.01.2014

CURRENT REPORT NO 3/2014 OF JANUARY 16, 2014
CONCLUSION OF A CONSIDERABLE CONTRACT

KRAKCHEMIA S.A. Board informs that the amount of forward type safeguarding transactions (contracts) concluded with Bank Zachodni WBK S.A. with a seat in Wrocław (previously Kredyt Bank Spółka Akcyjna) (the Bank) exceeded 10 per cent of KRAKCHEMIA S.A. equity capital.

The transactions were concluded on market conditions, which did not differ from a common practice in such financial operations.

The criterion of regarding a contract as considerable is the value of the contract`s subject exceeding 10 per cent of KRAKCHEMIA S.A. equity capital

16.01.2014

CURRENT REPORT No 2/2014 of 16.01.2014
CONCLUDING A MAJOR AGREEMENT

KRAKCHEMIA S.A. Board (The Company) informs that on 15.01.2014 in connection with the intention of paying off the credit from Bank Zachodni WBK S.A. with a seat in Wrocław (previously Kredyt Bank Spółka Akcyjna) upon which the Company informed in the current report No. 12/2013 of 3.06.2013, an agreement on multi-purpose credit limit with the total amount of up to 17 m PLN was signed with Bank Polski Kasa Opieki S.A. with a seat in Warszawa (Bank). The period of credit use in accordance with the contract signed with the Bank was established as until 31.01.2015.

The collateral for the credit constitutes: full powers to dispose of the Company accounts managed by the Bank, statement of the Company on submitting itself to the execution (pursuant to art. 97 of the Banking Law dated 29 August 1997), in blanco promissory note together with blank promissory note agreement, cession of trade receivables from selected Contractors together with the cession of rights from those receivables` insurance.

The credit bears an interest at the level of a variable WIBOR 1M rate, increased by the bank`s margin. The purpose of the credit is the current financing of the Company activity, banking guarantees and letters of credit.

The multi-purpose credit limit may be used in the following manner:

- current account credit limit in the amount of up to 17.000 thousand PLN,

- in the form of bank guarantees in the amount of up to 5.000 thousand PLN,

- in the form of documentary letters of credit, opened on the Company`s commission in the amount of up to 5.000 thousand PLN.

The total amount of particular products` use must not exceed the multi-purpose credit limit in the amount of up to 17.000 thousand PLN.

The criterion of regarding the contract as considerable is the value of the contract subject exceeding 10% of KRAKCHEMIA S.A own equity.

Legal basis:

§ 5 para. 1 item 3 of the Minister of Finance Regulation upon the current and periodical information published by securities` issuers and the conditions of regarding as equivalent of the information required by non-member states (Dz. U. z 2009 r. Nr 33 poz. 259, Journal of Laws of 2009, No 33 item 259).

09.01.2014

CURRENT REPORT No. 1/2014 OF 9.01.2014
PROLONGATION OF A BANK GUARANTEE GRANTED BY PKO BP S.A.

KRAKCHEMIA S.A. Board informs that on 9.01.2014 Powszechna Kasa Oszczędności Bank Polski Spółka Akcyjna with a seat in Warsaw, acting upon the Company`s commission, prolonged an irrevocable and unconditional guarantee of payment execution up to the amount of 22.000 thousand PLN (verbatim : twenty two million PLN), in favour of Basell Orlen Polyolefins Sprzedaż Sp. z o.o. with a seat in Płock (Guarantee`s Beneficiary), by virtue of trade liabilities resulting from the Contract of distribution without exclusive rights on the day 27.03.2012 together with an annex of 27.12.2013, concluded between Basell Sales & Marketing Company B.V., Basell Orlen Polyolefins Sprzedaż Sp. z o.o. and KRAKCHEMIA S.A. The guarantee is a continuation of the previously granted one, of which the Board informed with a report No. 23/2013 of 26.08.2013.

The guarantee safeguarding is incorporated in the credit agreement with PKO BP S.A. published in the report No. 19/2010. The guarantee is valid until 22.05.2014. This guarantee is transferrable i.e. the Beneficiary`s rights by virtue of this agreement can be transferred upon receiving the previous agreement from the Bank.

Legal basis:
§ 5 para. 1 item 3 of the Ministry of Finance Regulation on current and periodical information published by the securities` issuers and on conditions of regarding as equivalent of the information required by the laws of a non-member state. (Dz. U. z 2009 r. Nr 33 poz. 259, Journal of Laws of 2009, No 33, item 259).