2019 - Krakchemia S.A.

Krakchemia S.A

27.12.2019
CURRENT REPORT No 34/2019 OF 27.12.2019
RECEPTION OF THE DECISION ISSUED BY NACZELNIK MAŁOPOLSKIEGO URZĘDU CELNO – SKARBOWEGO ( THE HEAD OF MAŁOPOLSKI CUSTOMS AND INLAND REVENUE SERVICE) IN KRAKÓW OF 12 DECEMBER 2019

Krakchemia S.A. Board with a seat in Kraków ("The Company"), referring to the current report No. 32/2019 of 25 September 2019, in which the Company informed on the reception of the protocol from the ledger review within the framework of the control proceedings led by Naczelnik Małopolskiego Urzędu Celno - Skarbowego w Krakowie for the period from January to December 2015 within the control encompassing the reliability of the declared tax bases and the correctness of paying the tax on the products and services, informs on the reception on 27 December 2019 of the decision issued by Naczelnik Małopolskiego Urzędu Celno - Skarbowego in Kraków of 12 December 2019 on the determination of the tax liability in the tax on products and services for the period from January 2015 – December 2015, in which additional amount to pay would amount to 8.815 thousand PLN. The amount should be increased by due interest.

The decision is not final.

Analogously to the position incorporated in the current report No. 32/2019, the Company questions the organ`s position. In the Company`s assessment, the decision is completely unjustified. In reference to which, the Company is going to submit in the mandatory period of 14 days, an appeal to the decision. The Company publishes the infromation as the decision is not final and it constitutes one of the proceedings` stages, the final result of which may have a considerable effect on the amounts reflected in the Company ledgers.

Legal basis:
Art. 17 para. 1 MAR

26.09.2019
CURRENT REPORT No 33/2019 OF 26.09.2019
SIGNING AN ANNEX TO THE CREDIT AGREEMENT AND AN ANNEX TO THE AGREEMENT ON THE LIMIT FOR GUARANTEES WITH ALIOR BANK S.A.

KRAKCHEMIA S.A. Board with a seat in Kraków („The Company”) informs that on 26.09.2019 information was received on signing on 25.09.2019 an annex to the credit agreement No. U0003207958476/A on the credit in the current account between the Company and Alior Bank S.A. („The Credit Agreement”). In accordance with the annex to the Credit Agreement, hitherto renewable limit of the credit in the amount of 6.500 thousand PLN was replaced with the non-renewable.

Paying off the credit capital will ensue in seven monthly instalments, starting with 30 September 2019, while the first instalment will amount to 400 thousand PLN, the following 5 instalments will be paid in the period from 31 October 2019 until 29 February 2020 in the amount of 60 thousand PLN each, and the last instalment in the amount of 60 thousand PLN, will be paid within the period until 31 March 2020. The final payment of the credit falls on 31 March 2020.

The Company informed on the previous changes in the Credit Agreement among others in the current report No. 30/2019 of 29.07.2019, in the current report No. 9/2019 of 15.04.2019, in the current report No. 13/2019 of 23.04.2019, in the current report No. 15/2019 of 15 May 2019 and in the current report No. 26/2019 of 28.06.2019.

Moreover, the Company Board informs that on 25.09.2019 an annex to the agreement on limit for guarantees No. U0003207958476/B was concluded with the Company and Alior Bank S.A. („The Agreement on the Limit”). In accordance with the annex to the Agreement on the Limit, the amount of limit of 7.420.268,00 PLN does not undergo a change, the date of the final paying-off, in turn, was established as on 27.02.2020.

The Company informed on the previous changes of the Agreement on the Limit among others in the current report No. 30/2019 of 29.07.2019 as well as in the current report No. 9/2019 of 15.04.2019 and in the current report No. 15/2019 of 15 May 2019.

In accordance with the wording of the annexes to the Credit Agreement and the Agreement on the Limit, the Company is obliged to maintain unchanged all of its safeguards in accordance with the Credit Agreement and the Agreement on the Limit as well as change of the property safeguard established in the form of contractual joint mortgage by co-burdening with it of a real estate in Kamień Krajeński, constituting the property of the Company.

Legal basis:
Art. 17 para 1 MAR

25.09.2019
CURRENT REPORT No 32/2019 OF 25.09.2019
RECEPTION BY THE COMPANY OF A PROTOCOL FROM THE REVIEW OF THE COMPANY BOOKS CONCERNING THE CONTROL PROCEEDINGS CONDUCTED BY NACZELNIK MAŁOPOLSKIEGO URZĘDU CELNO - SKARBOWEGO (THE HEAD OF MAŁOPOLSKA CUSTOMS AND TREASURY OFFICE IN KRAKÓW)

Krakchemia SA Board with a seat in Kraków ("The Company") informs that on 25 September 2019, a protocol from the review of the Company tax books for the period from January to December 2015 within the control concerning the reliability of the declared tax bases and the correction of calculating and paying the tax on the products and services for the respective fiscal periods from January 2015 to December 2015 conducted by Naczelnik Małopolskiego Urzędu Celno - Skarbowego in Kraków. It can be read in the protocol that in the course of the control proceedings the accounting books and purchase and sale evidence maintained for the purpose of the tax on the products and services for the months: from January 2015 to December 2015, were deemed to be unreliable. The wording of the protocol does not determine the potential amount of the fiscal arrears. The protocol names the sale invoices of the Company, the calculated tax on which amounted to approximately 11 051 thousand PLN, and the sale invoices of the Company of a net value of 43 484 thousand PLN covered with the tax rate of 0% VAT in connection with the inner-community delivery of products. The invoices mentioned in the protocol encompass the transactions connected with trading in the plastic raw materials with a few Company contractors. According to the protocol conclusions, the economic transactions evidenced with the invoices and the transport documents issues by the respective participants of trading did not lead to the real accomplishment of economic goal, constituting the ratio of functioning of respective participants of trading. The basis for questioning the books is connected with the unreliability of the contractors. The protocol is a document, which does not determine, neither finished the proceedings, which are still ongoing, and both the organ conducting the proceedings as well as the Company actively participate in it, continuing to gather the evidence material. The protocol does not determine the existence of fiscal arrears on the part of the Company. In the Company`s assessment, questioning the reliability of fiscal books is not only premature, but also completely unjustified. In particular, the Company possessed and applied the procedures of contractor verification in practice, which in its assessment excludes the possibility of attributing the Company the lack of appropriate diligence in conducting the transactions. In connection therewith, the Company is submitting within the term of 14 days, the reservations to the protocol as well as it is undertaking necessary legal actions with the aim of proving the lack of any grounds for adopting the conclusions, which are unfavourable for the Company, and the Company is submitting the evidene motions in particular. The Company publishes the information as the protocol constitutes one of considerable stages in the control proceedings, the final result of which may have considerable impact for the amounts reflected in the Company accounting books.

Legal basis:
Art. 17 para. 1 MAR – confidential information

25.09.2019
CURRENT REPORT No. 31/2019 OF 25.09.2019
SIGNING AN ANNEX TO THE CREDIT AGREEMENT WITH MBANK S.A.

KRAKCHEMIA S.A. Board with a seat in Kraków („The Company”) informs that on 25.09.2019 an annex to the credit agreement in the current account with mBank S.A. with a seat in Warsaw („The Bank”) of 2.03.2004 was signed („The Agreement”). In accordance with the annex to the Agreement, the date of paying off the credit was prolonged until 31.03.2020. The amount of credit in the current account also underwent a change to the amount of 3 670 thousand PLN and the period of the credit use until 30.03.2020. At the same time, a condition to be fulfilled by the Company consisting among others in providing the Bank with an annex confirming the prolongation of the credit by Alior Bank SA for the period not shorter than until 31.03.2020 was added, whereas payments in favour of Alior Bank SA at the end of September 2019 cannot be higher than 400 thousand PLN, and in the subsequent months cannot be higher than 60 thousand PLN monthly.

The Company informed about the previous changes of the above-mentioned Agreement among others in the current report No. 29/2019 of 26.07.2019.

Legal basis:
Art. 17 para 1 MAR

29.07.2019
CURRENT REPORT No 30/2019 OF 29.07.2019
SIGNING AN ANNEX TO THE CREDIT AGREEMENT AND THE ANNEX TO THE AGREEMENT ON THE LIMIT FOR GUARANTEES WITH ALIOR BANK S.A.

KRAKCHEMIA S.A. Board with a seat in Kraków („The Company”) informs that on 29.07.2019, information was received on signing as on 26.07.2019 of an annex to the credit agreement No. U0003207958476/A on credit in the current account between the Company and Alior Bank S.A. („The Credit Agreement”). In accordance with the annex to the Credit Agreement, the hitherto renewable limit of the credit in the amount of 6.500 thousand PLN was transformed into a non-renewable one.

Paying off the credit will ensue on the dates 31.07.2019 and 31 .08.2019 (twice) payable in the amount of 60 thousand PLN each. Final paying off the credit will happen on 30.09.2019.

The Company informed on the previous changes to The Credit Agreement among others in the current report No. 9/2019 of 15.04.2019, in the current report No. 13/2019 of 23.04.2019, in the current report No. 15/2019 of 15 May 2019 and in the current report No. 26/2019 of 28.06.2019.

Furthermore, the Company Board informs that on 26.07.2019 an annex to the agreement on limit for guarantees No. U0003207958476/B was concluded between the Company and Alior Bank S.A. („the Agreement on the Limit”). In accordance with the annex to the Agreement on the Limit, the amount of limit was changed into the amount of 7.420.268,00 PLN, the period of the limit use was established as until 26.07.2019, and the date of the final paying off was established to be as on 13.02.2020.

The Company informed on the previous changes among others in the current report No. 9/2019 of 15.04.2019 and the current report No. 15/2019 of 15 May 2019.

In accordance with the wording of the annexes to the Credit Agreement and the Agreement on the Limit, the Company is obliged to maintain all the safeguards unchanged in accordance with the Credit Agreement and the Agreement on the Limit and to change the physical collateral in the form of joint contractual mortgage by encompassing with it the real estate in Kamień Krajeński, which is the property of the Company.

Legal basis:
Art. 17 para 1 MAR

26.07.2019
CURRENT REPORT No 29/2019 OF 26.07.2019
SIGNING AN ANNEX TO THE CREDIT AGREEMENT WITH MBANK S.A.

KRAKCHEMIA S.A. Board with a seat in Kraków („The Company”) informs that on 26.07.2019 an annex to the credit agreement („The Agreement”) in the current account of 2.03.2004 was signed with mBank S.A. with a seat in Warsaw („The Bank”). In accordance with the annex to the Agreement, the date of paying off the credit was prolonged until 27.09.2019 . The amount and the period of the credit use have also undergone a change: 4 750 thousand PLN until 31.07.2019; 4 710 thousand PLN until 31.08.2019; 4 670 thousand PLN until 26.09.2019. At the same time, a condition to be fulfilled by the Company was added, namely, among others, supplying the Bank – until 31.07.2019 – with an annex confirming the prolongation of the credit by Alior Bank SA , amounting to 6,5m PLN for the period not shorter than until 27.09.2019 .

The Company informed on the previous changes of the above-mentioned Agreement among others in the current report No. 25/2019 of 28.06.2019.

Legal basis:
Art. 17 para 1 MAR

17.07.2019
CURRENT REPORT No 28/2019 OF 17.07.2019
RECEPTION OF THE DECISION OF NACZELNIK MAŁOPOLSKIEGO URZĘDU CELNO – SKARBOWEGO W KRAKOWIE ( THE HEAD OF MAŁOPOLSKA CUSTOMS AND INLAND REVENUE OFFICE) OF 3 JULY 2019

Krakchemia S.A. Board with a seat in Kraków ("The Company"), with reference to the current report No. 28/2018 of 16 October 2018, in which the Company informed on the reception of a protocol on the review of the Company books within the control proceedings executed by Naczelnik Małopolskiego Urzędu Celno - Skarbowego w Krakowie for the period from January till December 2014, within the control of the reliability of declared tax bases and the correction of calculation and paying the tax on products and services, informs on the reception, as on 17 July 2019, of a decision of Naczelnik Małopolskiego Urzędu Celno - Skarbowego w Krakowie of 3 July 2019 upon the determination of the tax liability in the tax on the products and services for the period January – December 2014, as a result of which, there arises the total to be additionally paid amounting to 15.791 thousand PLN. This total has to be increased by the interest.

The decision is not final.

Analogically to the position incorporated in the current report No. 28/2018 the Company questions the organ`s findings. In the Company`s assessment, the decision is completely unjustified.

In relation therewith, the Company intends to submit within the statutory period of 14 days, an appeal to the decision. The Company publishes the information as the decision, which is not final, poses one of the important stages of the proceedings, the final result of which may have considerable importance for the totals reflected in the Company accounting books.

Legal basis:
Art. 17 para. 1 MAR – confidential information.

1.07.2019
CURRENT REPORT No 27/2019 OF 1.07.2019
RECEPTION OF THE DECISION OF NACZELNIK MAŁOPOLSKIEGO URZĘDU CELNO – SKARBOWEGO W KRAKOWIE ( THE HEAD OF MAŁOPOLSKA CUSTOMS AND INLAND REVENUE OFFICE) OF 28 JUNE 2019

Krakchemia S.A. Board with a seat in Kraków ("The Company"), with reference to the current report No. 26/2018 of 26 September 2018, in which the Company informed on the reception of a protocol on the review of the Company books within the control proceedings executed by Naczelnik Małopolskiego Urzędu Celno - Skarbowego w Krakowie for the period from March till December 2013, within the control of the reliability of declared tax bases and the correction of calculation and paying the tax on products and services, informs on the reception, as on 1 July 2019, of a decision of Naczelnik Małopolskiego Urzędu Celno - Skarbowego w Krakowie of 28 June 2019 upon the determination of the tax liability in the tax on the products and services for the period March – December 2013, as a result of which, there arises the total to be additionally paid amounting to 16.314 thousand PLN. This total has to be increased by the interest.

The decision is not final.

Analogically to the position incorporated in the current report No. 26/2018 the Company questions the organ`s findings. In the Company`s assessment, the decision is completely unjustified.

Legal basis:
Art. 17 para. 1 MAR – confidential information.

28.06.2019
CURRENT REPORT NO 26/2019 OF 28.06.2019
CONCLUDING AN ANNEX TO THE CREDIT AGREEMENT WITH ALIOR BANK SA

Krakchemia S.A. Board with a seat in Kraków („The Company”), informs on conclusion on 28.06.2019 of an annex to the credit agreement No. U0003207958476/A on credit in the current report between the Company and Alior Bank S.A. („The Credit Agreement”).
In accordance with the Credit Agreement, the date of the final paying-off the credit amounting to 6 500 thousand PLN was prolonged until 26.07.2019, not longer, however, that financing granted by the other banks financing the Company.

The Company informed on previous changes in the current report No. 15/2019 of 15.05.2019.

Legal basis
Art. 17 para. 1 – MAR

28.06.2019
CURRENT REPORT NO 25/2019 OF 28.06.2019
SIGNING AN ANNEX TO THE CREDIT AGREEMENT WITH MBANK S.A.

KRAKCHEMIA S.A. Board with a seat in Kraków („The Company”) informs that on 28.06.2019, an annex to the credit agreement in the current account was signed with mBank S.A. with a seat in Warsaw („The Bank”) of 2.03.2004 („The Agreement”). In accordance with the annex to the Agreement, the period of credit use in the amount of 4 750 thousand PLN was prolonged until 25.07.2019, and the period of the credit paying off until 26.07.2019. At the same time, additional terms were added for the Company to be met, with the deadline of 3.07.2019, consisting in providing the Bank of annexes confirming the prolongation of credits by the other financing Bank in the hitherto amount, i.e. Alior Bank SA 6,5 m PLN for the period not shorter than until 26.07.2019 and maintaining unchanged all the safeguards of the above-mentioned credits until 26.07.2019. In the case of:

- meeting the additional conditions, the credit means will be placed at the Company`s disposal – not meeting the additional conditions, the credit will be booked into the overdue liability with the date of 28.06.2019, and all the inflows into the Company current account from 28.06.2019 until 3.07.2019 will be able to be disposed of in accordance with the Bank`s decision.

In accordance with the additional conditions included in the annex, the Bank has the right to revoke the Agreement in accordance with the valid legal regulations within this scope, in the case of issuing by the Inland Revenue service a decision or opinion, which – in the Bank`s assessment – may threaten paying off the credit in due time.

The Company informed on the previous changes of the above-mentioned Agreement amount others in the current report No. 14/2019 of 15.05.2019.

Legal basis:
Art. 17 para 1 MAR

25.06.2019
CURRENT REPORT No 24/2019 OF 25.06.2019
LISTING THE SHAREHOLDERS POSSESSING AT LEAST 5% VOTES AT KRAKCHEMIA S.A. ORDINARY GENERAL MEETING OF 25 JUNE 2019.

KRAKCHEMIA S.A. Board publishes the listing of shareholders possessing at least 5% of the votes at KRAKCHEMIA S.A. Ordinary General Meeting of 25 June 2019:

Jerzy Mazgaj – possessed 2 962 386 votes, constituting 69,21% votes at KRAKCHEMIA S.A. Ordinary General Meeting , which constituted 32,92% of the total number of votes.
Andrzej Zdebski – possessed 1 060 000 votes, constituting 24,76% votes at KRAKCHEMIA S.A. Ordinary General Meeting , which constituted 11,78% of the total number of votes.
IPOPEMA 2 FIZAN with a seat in Warsaw – possessed 258 037 votes, constituting 6,03% votes at KRAKCHEMIA S.A. Ordinary General Meeting , which constituted 2,87% of the total number of votes.

Legal basis:
Art.70 item 3 of the Act of 29.07.2005 on public offer and on the conditions of introducing financial instruments into the organised trading system and on public companies.

25.06.2019
CURRENT REPORT No 23/2019 OF 25.06.2019
APPOINTING KRAKCHEMIA S.A. SUPERVISORY BOARD FOR A NEW TERM

KRAKCHEMIA S.A. Board informs that KRAKCHEMIA S.A. Ordinary General Shareholders Meeting of 57.06.2019 appointed the Company Supervisory Board for a new term. KRAKCHEMIA S.A. Supervisory Board is composed of five members int he following personal composition:

Mr. Jerzy Mazgaj

Ms Barbara Mazgaj

Mr. Władysław Kardasiński

Mr. Marek Hajbos

Mr. Wacław Andruszko

Jerzy Mazgaj

Mr. Mazgaj studied German philology at Jagiellonian University in Kraków. From November 1999 to 2016, he held the post of ALMA MARKET SA Board chairman.
Since 2 July 2008, he has held the post of the Chairman of VRG S.A Supervisory Board (formerly : Vistula Group SA).
Jerzy Mazgaj is also the member of supervisory organs of such companies like KRAKCHEMIA S.A., W.KRUK S.A., DCG S.A., Premium Cigars Sp. z o.o. as well as CLIFFSIDEBROKERS S.A., and he is also the main stakeholder of Premium Cigars Sp. Z o.o., which is the exclusive representative of all Cuban cigar brands in Poland. Moreover, he is the main shareholder in CLIFFSIDEBROKERS S.A.

Mr. Mazgaj is a member of Rotary Club, Krakowska Kongregacja Kupiecka (Kraków Tradesmen` Congregation), Izba Przemysłowo - Handlowa w Krakowie (Trade and Industry Chamber in Kraków), Stowarzyszenie Przedsiębiorców Miasta Krakowa (Kraków City Enterpreneurs` Association) and Polski Klub Koneserów (Polish Connoisseur Club)

In accordance with his affidavit, Mr.Jerzy Mazgaj does not carry out an activity, which is competitive to the share issuer`s activity, nor does he act as a partner in a civil partnership, personal partnership, capital partnership, neither does he act in a legal entity as a member of its body, which would be competitive to the issuer`s activity. Mr. Jerzy Mazgaj is not registered in Rejestr Dłużników Niewypłacalnych (Insolvent Debtors Register), which is held on the basis of an Act on KRS.

Barbara Mazgaj

Ms. Mazgaj graduated from Akademia Rolnicza in Kraków. From 1999 till February 2017, Mrs. Mazgaj filled the post of the member of the Supervisory Board in ALMA MARKET S.A. In years 2004 – 2007 she was Krakchemia S.A. Supervisory Board Deputy Chairperson. Since 2010, she is Krakchemia S.A. Supervisory Board Deputy Chairperson. Barbara Mazgaj is also a member of supervisory bodies of W.KRUK S.A. and DCG S.A. companies.

In accordance with his affidavit, Ms.Mazgaj does not carry out an activity, which is competitive to the share issuer`s activity, nor does he act as a partner in a civil partnership, personal partnership, capital partnership, neither does he act in a legal entity as a member of its body, which would be competitive to the issuer`s activity. Barbara Mazgaj is not registered in Rejestr Dłużników Niewypłacalnych (Insolvent Debtors Register), which is held on the basis of an Act on KRS.

Władysław Kardasiński

Mr. Kardasiński is a retired professional soldier. He has secondary, administrative-legal education, officer school. In the years 2003-2016, he filled the function of Alma Market S.A. Supervisory Board member. Since 25 June 2018, he has held the post of a member of KRAKCHEMIA S.A. Supervisory Board.

Apart from the company firm, Mr. Władysław Kardasiński does not carry out an activity, which is competitive to the share issuer`s activity, nor does he act as a partner in a civil partnership, personal partnership, capital partnership, neither does he act in a legal entity as a member of its body, which would be competitive to the issuer`s activity. Mr. Władysław Kardasiński is not registered in Rejestr Dłużników Niewypłacalnych (Insolvent Debtors Register), which is held on the basis of an Act on KRS.

Marek Hajbos

He's a graduate of Management Faculty at Uniwersytet Warszawski.

In years 2000-2005, Mr. Hajbos was the main specialist in the Parliamentary Club. In the course of fulfilling his duties he – among others –was appointed the secretary of the Club in Observers` Council of the European People`s Party in the European Parliament.

In the years 2005-2007, Mr. Hajbos was the General Director of the Ministry of Finance Bureau. In the time, he represented among others Poland at the sittings of ECOFIN Council in the European Meetings of the Ministers of Finance. He also represented the Minister of Finance in the meetings of the International Monetary Fund. He organised the work of the Ministry.

In 2008, He commenced the commercial economic activity. In the period, He co-operated among others with American concerns locating their production lines on the territory of Poland.

For four years, Mr. Marek Hajbos has held the post of RED OCEAN KZ Company Board, the company is the off-spring of Red Ocean Group. The Company is active in creating, developing and maintaining own software. The major product of the Company is roGRC platform, which amalgamates the functionalities of Administrative Control, RODO, COBIT, Risk Management. Several tens of local authorities, and central administration organs as well as commercial entities have been using the mentioned software.

In accordance with his affidavit, Marek Hajbos does not carry out an activity, which is competitive to the share issuer`s activity, nor does he act as a partner in a civil partnership, personal partnership, capital partnership, neither does he act in a legal entity as a member of its body, which would be competitive to the issuer`s activity. Mr. Marek Hajbos is not registered in Rejestr Dłużników Niewypłacalnych (Insolvent Debtors Register), which is held on the basis of an Act on KRS.

Wacław Andruszko

Mr. Andruszko graduated in 1973 from Material and Ceramics Engineering Faculty on AGH, with a title of M.Sc. Chemist-Ceramics Engineer In 1973, he underwent an engineering internship in Merone cement plant in Italy. In 1991, he participated in the training organised by the Denmark`s Industry Ministry within the scope of management, marketing and the company finances. In years 1974-1976, he worked for COBR PiB in Katowice, 1976-1992 in Biurzo Projektów Przemysłu Cementowego, Wapiennego i Gipsowego in Kraków ( the last 5 years, he filled the function of the general designer), in years 1992-1994, he was the deputy chairperson of P&B sp.z o.o Board in Kraków, 1994-1997 he was the chairperson of the Board of DANMAL S.A. In years 1997-2018, the director of IPH in Kraków.

In years 2001-2018, in various periods, he was a member of supervisory boards in the following companies: KPG sp.z o.o, CALDO-Izolacja sp.z o.o, Molteni Farmaceutici Polska sp.z o.o, and in the companies Condomi AG and P U-H Profus, he was the chairperson of the council.

In accordance with his affidavit, Mr. Andruszko does not carry out an activity, which is competitive to the share issuer`s activity, nor does he act as a partner in a civil partnership, personal partnership, capital partnership, neither does he act in a legal entity as a member of its body, which would be competitive to the issuer`s activity. Mr. Wacław Andruszko is not registered in Rejestr Dłużników Niewypłacalnych (Insolvent Debtors Register), which is held on the basis of an Act on KRS.

Legal basis: § 5 para. 5 of the Minister of Finance Regulation of 29 March 2018 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 a non-member state.

25.06.2019
CURRENT REPORT No 22/2019 OF 25.06.2019
LISTING THE RESOLUTIONS ADOPTED AT KRAKCHEMIA S.A. ORDINARY GENERAL SHAREHOLDERS`MEETING OF 25.06.2019.

Zarząd KRAKCHEMIA S.A. informuje, że Zwyczajne Walne Zgromadzenie Akcjonariuszy KRAKCHEMIA S.A. w dniu 25.06.2019 r. podjęło następujące uchwały:

RESOLUTION No 1 of KRAKCHEMIA S.A Ordinary General Shareholders` Meeting.

„KRAKCHEMIA S.A Ordinary General Shareholders Meeting appoints Mr.Tomasz Świerczyński as the Chairperson of the Meeting.”

The general number of shares represented at the Ordinary General Shareholders` Meeting from which valid votes were passed amounted to 4.280.432, the percentage stake of the shares in the equity capital amounts to 47,56 %.

The votes on the resolution were passed in the following way: 4.280.423 votes „in favour”, 0 votes „against”, 9 votes „abstain”.

RESOLUTION No 2 of KRAKCHEMIA S.A Ordinary General Shareholders` Meeting.

„ KRAKCHEMIA S.A Ordinary General Shareholders Meeting appoints the Returning Officers Panel in the following composition

- Mr. Włodzimierz Oprzędek,

- Ms. Katarzyna Rzadek,

- Mr Sebastian Dulewicz.”

The votes on the resolution were passed in the following way: 4.280.432 votes „in favour”, 0 votes „against”, 0 votes „abstain”.

RESOLUTION No 3 of KRAKCHEMIA S.A Ordinary General Shareholders` Meeting.

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

The votes on the resolution were passed in the following way: 4.280.432 votes „in favour”, 0 votes „against”, 0 votes „abstain”.

RESOLUTION No 4 of KRAKCHEMIA S.A Ordinary General Shareholders` Meeting.

„KRAKCHEMIA S.A Ordinary General Shareholders Meeting. approves the financial report for the trading year 2018, which is composed of:

The financial situation report, compiled as on 31 December 2018, which on the asset as well as on own equity and liabilities side amounts to 104 501 888,63 PLN;
Profit or loss and other total income report for the period from 1 January 2018 to 31 December 2018, presenting net loss in the amount of 12 860 753,46 PLN;
The financial flow account for the period from 1 January 2018 to 31 December 2018, presenting an increase of cash and credit in the current account by 446 683,39 PLN;
Own equity changes for the financial year from 1 January 2018 to 31 December 2018 presenting an decrease in own equity by the amount 15 888 154,50 PLN;
Notes for the financial report.”

The votes on the resolution were passed in the following way: 4.280.432 votes „in favour”, 0 votes „against”, 0 votes „abstain”.

RESOLUTION No 5 of KRAKCHEMIA S.A Ordinary General Shareholders` Meeting.

„ KRAKCHEMIA S.A Ordinary General Shareholders Meeting approves the Company Board report on the Company activity for the trading year 2018”

The votes on the resolution were passed in the following way: 4.280.432 votes „in favour”, 0 votes „against”, 0 votes „abstain”.

RESOLUTION No 6 of KRAKCHEMIA S.A Ordinary General Shareholders` Meeting.

„ KRAKCHEMIA S.A Ordinary General Shareholders Meeting resolves to grant Mr. Andrzej Zdebski a vote of approval on the fulfilment of duties as the Chairperson of the Company Board in the trading year from 1 January 2018 to 31 December 2018.”

The general number of shares represented at the Ordinary General Shareholders` Meeting from which valid votes were passed amounted to 3.220.432, the percentage stake of the shares in the equity capital amounts to 35,78 %.

The votes on the resolution were passed in the following way: 3.220.432 votes „in favour”, 0 votes „against”, 0 votes „abstain”.

RESOLUTION No 7 of KRAKCHEMIA S.A Ordinary General Shareholders` Meeting.

„ KRAKCHEMIA S.A Ordinary General Shareholders Meeting resolves to grant Mr. Włodzimierz Oprzędek a vote of approval on the fulfilment of duties as the Deputy Chairperson of the Company Board in the trading year from 1 January 2018 to 31 December 2018.”

The votes on the resolution were passed in the following way: 4.280.432 votes „in favour”, 0 votes „against”, 0 votes „abstain”.

RESOLUTION No 8 of KRAKCHEMIA S.A Ordinary General Shareholders` Meeting.

„ KRAKCHEMIA S.A Ordinary General Shareholders Meeting. resolves to grant Mr. Jerzy Mazgaj a vote of approval on the fulfilment of duties as the Chairperson of the Supervisory Board in the trading year from 1 January 2018 to 31 December 2018”

The general number of shares represented at the Ordinary General Shareholders` Meeting from which valid votes were passed amounted to 1.318.046,, the percentage stake of the shares in the equity capital amounts to 14,64%.

The votes on the resolution were passed in the following way: 1.318.046 votes „in favour”, 0 votes „against”, 0 votes „abstain”.

RESOLUTION No 9 of KRAKCHEMIA S.A Ordinary General Shareholders` Meeting.

„ KRAKCHEMIA S.A Ordinary General Shareholders Meeting resolves to grant Ms Barbara Mazgaj a vote of approval on the fulfilment of duties as the Deputy Chairperson of the Supervisory Board in the trading year from 1 January 2018 to 31 December 2018.”

The general number of shares represented at the Ordinary General Shareholders` Meeting from which valid votes were passed amounted to 4.280.432,, the percentage stake of the shares in the equity capital amounts to 47,56%.

The votes on the resolution were passed in the following way: 4.280.432 votes „in favour”, 0 votes „against”, 0 votes „abstain”.

RESOLUTION No 10 of KRAKCHEMIA S.A Ordinary General Shareholders` Meeting.

„ KRAKCHEMIA S.A Ordinary General Shareholders Meeting resolves to grant Ms Katarzyna Siedlecka- Hajbos a vote of approval on the fulfilment of duties as The Member of the Supervisory Board in the trading year from 1 January 2018 to 31 December 2018.”

The votes on the resolution were passed in the following way: 4.280.432 votes „in favour”, 0 votes „against”, 0 votes „abstain”.

RESOLUTION No 11 of KRAKCHEMIA S.A Ordinary General Shareholders` Meeting.

„ KRAKCHEMIA S.A Ordinary General Shareholders Meeting resolves to grant Ms Anna Dubiel a vote of approval on the fulfilment of duties as The Secretary of the Supervisory Board in the trading year from 1 January 2018 to 25 June 2018”

The votes on the resolution were passed in the following way: 4.280.432 votes „in favour”, 0 votes „against”, 0 votes „abstain”.

RESOLUTION No 12 of KRAKCHEMIA S.A Ordinary General Shareholders` Meeting.

„ KRAKCHEMIA S.A Ordinary General Shareholders Meeting resolves to grant Mr Michał Mierzejewski a vote of approval on the fulfilment of duties as The Member of the Supervisory Board in the trading year from 1 January 2018 to 25 June 2018.”

The votes on the resolution were passed in the following way: 4.280.432 votes „in favour”, 0 votes „against”, 0 votes „abstain”.

RESOLUTION No 13 of KRAKCHEMIA S.A Ordinary General Shareholders` Meeting.

„ KRAKCHEMIA S.A Ordinary General Shareholders Meeting resolves to grant Mr Władysław Kardasiński a vote of approval on the fulfilment of duties as The Member of the Supervisory Board in the trading year from 25 June 2018 to 31 December 2018.”

The votes on the resolution were passed in the following way: 4.280.432 votes „in favour”, 0 votes „against”, 0 votes „abstain”.

RESOLUTION No 14 of KRAKCHEMIA S.A Ordinary General Shareholders` Meeting.

„ KRAKCHEMIA S.A Ordinary General Shareholders Meeting resolves to grant Mr Grzegorz Janas a vote of approval on the fulfilment of duties as The Member of the Supervisory Board in the trading year from 25 June 2018 to 21 September 2018”

The votes on the resolution were passed in the following way: 4.280.432 votes „in favour”, 0 votes „against”, 0 votes „abstain”.

RESOLUTION No 15 of KRAKCHEMIA S.A Ordinary General Shareholders` Meeting.

„ KRAKCHEMIA S.A Ordinary General Shareholders Meeting resolves to grant Mr Marek Frydrych a vote of approval on the fulfilment of duties as The Member of the Supervisory Board in the trading year from 26 October 2018 to 31 December 2018.”

The votes on the resolution were passed in the following way: 4.280.432 votes „in favour”, 0 votes „against”, 0 votes „abstain”.

RESOLUTION No 16 of KRAKCHEMIA S.A Ordinary General Shareholders` Meeting.

„ KRAKCHEMIA S.A Ordinary General Shareholders Meeting resolves that the net loss in the trading year 2018 amounting for the period from 1 January 2018 to 31 December 2018 to 12 860 753,46 PLN will be covered from the Company reserve capital.”

The votes on the resolution were passed in the following way: 4.280.432 votes „in favour”, 0 votes „against”, 0 votes „abstain”.

RESOLUTION No 17 of KRAKCHEMIA S.A Ordinary General Shareholders` Meeting.

„ KRAKCHEMIA S.A Ordinary General Shareholders Meeting resolves that the number of members of the Supervisory Board for a new term will amount to 5 (verbatim:five) people.”

The votes on the resolution were passed in the following way: 4.280.432 votes „in favour”, 0 votes „against”, 0 votes „abstain”.

RESOLUTION No 18 of KRAKCHEMIA S.A Ordinary General Shareholders` Meeting.

„KRAKCHEMIA S.A Ordinary General Shareholders Meeting appoints Mr. Jerzy Mazgaj into the Supervisory Board composition”.

The votes on the resolution were passed in the following way: 4.280.432 votes „in favour”, 0 votes „against”, 0 votes „abstain”.

RESOLUTION No 19 of KRAKCHEMIA S.A Ordinary General Shareholders` Meeting.

„KRAKCHEMIA S.A Ordinary General Shareholders Meeting appoints Ms Barbara Mazgaj into the Supervisory Board composition”.

The votes on the resolution were passed in the following way: 4.280.432 votes „in favour”, 0 votes „against”, 0 votes „abstain”.

RESOLUTION No 20 of KRAKCHEMIA S.A Ordinary General Shareholders` Meeting.

„KRAKCHEMIA S.A Ordinary General Shareholders Meeting appoints Mr. Władysław Kardasiński into the Supervisory Board composition”.

The votes on the resolution were passed in the following way: 4.280.432 votes „in favour”, 0 votes „against”, 0 votes „abstain”.

RESOLUTION No 21 of KRAKCHEMIA S.A Ordinary General Shareholders` Meeting.

„KRAKCHEMIA S.A Ordinary General Shareholders Meeting appoints Mr Marek Hajbos into the Supervisory Board composition”.

The votes on the resolution were passed in the following way: 4.280.432 votes „in favour”, 0 votes „against”, 0 votes „abstain”.

RESOLUTION No 22 of KRAKCHEMIA S.A Ordinary General Shareholders` Meeting.

„KRAKCHEMIA S.A Ordinary General Shareholders Meeting appoints Mr. Wacław Andruszko into the Supervisory Board composition”.

The votes on the resolution were passed in the following way: 4.280.432 votes „in favour”, 0 votes „against”, 0 votes „abstain”.

RESOLUTION No 23 of KRAKCHEMIA S.A Ordinary General Shareholders` Meeting.

„KRAKCHEMIA S.A Ordinary General Shareholders Meeting determines a monthly remuneration for the Company Supervisory Board in the amount of as follows:

The Supervisory Board Chairperson – amounting to 7-fold average monthly salary in the company sector in the calendar year immediately before the given year, when the monthly salary is calculated, established on the basis of GUS Chairperson announcement,
The Supervisory Board Deputy Chairperson - amounting to 4-fold average monthly salary in the company sector in the calendar year immediately before the given year, when the monthly salary is calculated, established on the basis of GUS Chairperson announcement,
The Supervisory Board Secretary- amounting to 2-fold average monthly salary in the company sector in the calendar year immediately before the given year, when the monthly salary is calculated, established on the basis of GUS Chairperson announcement,
Other Members of The Supervisory Board - amounting to 1-fold average monthly salary in the company sector in the calendar year immediately before the given year, when the monthly salary is calculated, established on the basis of GUS Chairperson announcement.”

The votes on the resolution were passed in the following way: 4.280.432 votes „in favour”, 0 votes „against”, 0 votes „abstain”.

RESOLUTION No 24 of KRAKCHEMIA S.A Ordinary General Shareholders` Meeting.

„KRAKCHEMIA S.A Ordinary General Shareholders Meeting resolves to change § 3 of the Company Articles in the following manner:

(i) In § 3 of Company Articles, in item 65) replace a full stop with a comma and add further points numbered from 66) to 71) in the following wording:

„66) 46.72.Z Wholesale of metals and metal ores

67) 46.71 Wholesale of fuels and related products,

68) 46.33.Z Wholesale of dairy products, eggs and edible oils and fat

69) 46.11.Z Agents involved in the sale of agricultural raw materials, live animals, textile raw materials and semi-finished goods

70) 46.21.Z Wholesale of grain, unmanufactured tobacco, seeds and animal feeds

71) 47.76.Z Retail sale of flowers, plants, seeds, fertilisers, pet animals and pet food in specialised stores.”

(ii) the whole wording of §3 of the Articles (after considering of the above-mentioned change) mark as paragraph 1 and add a new paragraph 2 of the following wording:

„2. Activity, execution of which is reglamented, in particular, for which it is required to obtain permission or concession, the Company will undertake after obtaining appropriate permission, concession or meeting other legal requirements necessary for its undertaking.”

The votes on the resolution were passed in the following way: 4.280.432 votes „in favour”, 0 votes „against”, 0 votes „abstain”.

RESOLUTION No 25 of KRAKCHEMIA S.A Ordinary General Shareholders` Meeting.

„ KRAKCHEMIA S.A Ordinary General Shareholders Meeting authorizes the Company Supervisory Board to determine a uniform wording of the Company Articles taking into consideration the changes adopted at the General Meeting of 25 June 2019”

The votes on the resolution were passed in the following way: 4.280.432 votes „in favour”, 0 votes „against”, 0 votes „abstain”.

Legal basis:
§ 19 para. 1 item 6 of the Minister of Finance Regulation of 29 March 2018 on the current and periodical information transferred by the securities issuers and on conditions of regarding as equivalent of the information required by non-member state

29.05.2019
Current Report No 21/2019 OF 29.05.2019
CALLING KRAKCHEMIA S.A.ORDINARY GENERAL MEETING

KRAKCHEMIA Joint Stock Company Board with a seat in Kraków, ul. Powstania Listopadowego 14, inscribed into the Commercial Register by the Kraków Śródmieście Regional Court in Kraków, XI Economic Department of the National Court Register (Sąd Rejonowy dla Krakowa – Śródmieścia w Krakowie, XI Wydział Gospodarczy Krajowego Rejestru Sądowego) under NCR number (numer KRS) 0000217348 (referred to thereafter as “Company”) on the basis of art. 399 § 1 in connection with art. 402¹ § 1 of the Commercial Company Code, convenes herewith an Ordinary General Meeting on the day 25 June, 2019 at 12 o`clock, which is going to take place in Kraków, the Conference Room of the Trade and Industry Chamber (Sala Konferencyjna Izby Przemyłsowo-Handlowej, 3 Floriańska Street).

II.

The Company Board proposes the following agenda:

Opening the General Meeting
Election of the Chairperson of the General Meeting.
Stating the validity of summoning the General Meeting as well as its capability to vote resolutions.
Electing the Returning Officers Panel.
Presenting and accepting the agenda.
Presenting and considering the Company Board report on the Company activity and the financial report of the Company for the financial year 2018.
Presenting the Supervisory Board report encompassing in particular (i) the review of the Company financial report, of the Company Board report on the Company activity for the year 2018 and (ii) the Company Board motion concerning the coverage of the loss for the financial year 2018.
Passing resolutions concerning:

8.1. Approval of the financial report for the financial year 2018;

8.2. Approval of the Board report on the Company activity for 2018;

8.3. Passing the vote of approval on the fulfilment of duties by the members of the Company Board in the financial year 2018;

8.4. Passing the vote of approval on the fulfilment of duties by the members of the Supervisory Board in the financial year 2018;

8.5. Covering the loss for the trading year 2018.

Passing the resolutions concerning

9.1 determining the number of Supervisory Board members for a new term

9.2 calling members of the Supervisory Board for a new term

9.3 determining the height of remuneration of Supervisory Board members

Passing the resolutions on changing § 3 of the Company Articles .
Passing the resolutions authorising the Company Supervisory Board to determine a uniform wording of the Company Articles
Closing the assembly.

III.

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

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 fixed General Meeting convention date. The demand should contain justification and the draft of a proposed resolution concerning the agenda item proposed. A written form is required – the demand should be submitted at the Company seat (Kraków, ul. Powstania Listopadowego 14), or in the electronic form and transferred only to the 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.

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. The demand is to be presented in the written form at the Company seat (Kraków, ul. Powstania Listopadowego 14) or using the electronic communication means (in the manner and at the e-mail address presented in point 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.

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

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.com.pl

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.com.pll, not later than by 25 June 2019, by 9:00 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:

1) 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,

2) 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,

3) Scan of the personal ID card or passport (including data allowing for the bearer identification) of the proxy acting as a natural person,

4) Scan of a copy from the register pertaining to the proxy being a legal person or an organizational unit without legal personality,

5) 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.

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

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

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.

The date for registration of General Meeting participation is 9 June 2019.

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

As on 16 days before the General Meeting are the Company shareholders,
In the period after this announcement publication and 10 June 2019 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 19, 21 and 24 June 2019, in the hours from 9 a.m to 3 p.m, at the seat of KRAKCHEMIA S.A (Kraków, ul. Powstania Listopadowego 14), 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.

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. Powstania Listopadowego 14) or at the Company website : www.krakchemia.com.pl

KRAKCHEMIA S.A. will make available all necessary information concerning the General Meeting at the Company website at www.krakchemia.com.pl

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 Ordinary General Shareholders Meeting

„KRAKCHEMIA S.A Ordinary General Shareholders Meeting appoints Mr./Ms _____________ as the Chairman of the Meeting.”

Resolution No 2 of KRAKCHEMIA S.A Ordinary General Shareholders Meeting

„KRAKCHEMIA S.A Ordinary General Shareholders Meeting appoints the Returning Officers Panel in the following composition________________ .”

Resolution No 3 of KRAKCHEMIA S.A Ordinary General Shareholders Meeting

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

Resolution No 4 of KRAKCHEMIA S.A Ordinary General Shareholders Meeting

„KRAKCHEMIA S.A Ordinary General Shareholders Meeting. approves the financial report for the trading year 2018, which is composed of:

The financial situation report, compiled as on 31 December 2018, which on the asset as well as on own equity and liabilities side amounts to 104 501 888,63 PLN;
Profit or loss and other total income report for the period from 1 January 2018 to 31 December 2018, presenting net loss in the amount of 12 860 753,46 PLN;
The financial flow account for the period from 1 January 2018 to 31 December 2018, presenting an increase of cash and credit in the current account by 446 683,39 PLN;
Own equity changes for the financial year from 1 January 2018 to 31 December 2018 presenting an decrease in own equity by the amount 15 888 154,50 PLN;
Notes for the financial report.”

Resolution No 5 of KRAKCHEMIA S.A Ordinary General Shareholders Meeting

„KRAKCHEMIA S.A Ordinary General Shareholders Meeting approves the Company Board report on the Company activity for the trading year 2018.”

Resolution No 6 of KRAKCHEMIA S.A Ordinary General Shareholders Meeting

„KRAKCHEMIA S.A Ordinary General Shareholders Meeting resolves to grant Mr. Andrzej Zdebski a vote of approval on the fulfilment of duties as the Chairperson of the Company Board in the trading year from 1 January 2018 to 31 December 2018.”

Resolution No 7 of KRAKCHEMIA S.A Ordinary General Shareholders Meeting

„KRAKCHEMIA S.A Ordinary General Shareholders Meeting resolves to grant Mr. Włodzimierz Oprzędek a vote of approval on the fulfilment of duties as the Deputy Chairperson of the Company Board in the trading year from 1 January 2018 to 31 December 2018.”

Resolution No 8 of KRAKCHEMIA S.A Ordinary General Shareholders Meeting

„KRAKCHEMIA S.A Ordinary General Shareholders Meeting. resolves to grant Mr. Jerzy Mazgaj a vote of approval on the fulfilment of duties as the Chairperson of the Supervisory Board in the trading year from 1 January 2018 to 31 December 2018.”

Resolution No 9 of KRAKCHEMIA S.A Ordinary General Shareholders Meeting

„KRAKCHEMIA S.A Ordinary General Shareholders Meeting resolves to grant Ms Barbara Mazgaj a vote of approval on the fulfilment of duties as the Deputy Chairperson of the Supervisory Board in the trading year from 1 January 2018 to 31 December 2018.”

Resolution No 10 of KRAKCHEMIA S.A Ordinary General Shareholders Meeting.

„KRAKCHEMIA S.A Ordinary General Shareholders Meeting resolves to grant Ms Katarzyna Siedlecka- Hajbos a vote of approval on the fulfilment of duties as The Member of the Supervisory Board in the trading year from 1 January 2018 to 31 December 2018.”

Resolution No 11 of KRAKCHEMIA S.A Ordinary General Shareholders Meeting.

„KRAKCHEMIA S.A Ordinary General Shareholders Meeting resolves to grant Ms Anna Dubiel a vote of approval on the fulfilment of duties as The Secretary of the Supervisory Board in the trading year from 1 January 2018 to 25 June 2018.”

Resolution No 12 of KRAKCHEMIA S.A Ordinary General Shareholders Meeting.

„KRAKCHEMIA S.A Ordinary General Shareholders Meeting resolves to grant Mr Michał Mierzejewski a vote of approval on the fulfilment of duties as The Member of the Supervisory Board in the trading year from 1 January 2018 to 25 June 2018.”

Resolution No 13 of KRAKCHEMIA S.A Ordinary General Shareholders Meeting.

„KRAKCHEMIA S.A Ordinary General Shareholders Meeting resolves to grant Mr Władysław Kardasiński a vote of approval on the fulfilment of duties as The Member of the Supervisory Board in the trading year from 25 June 2018 to 31 December 2018.”

Resolution No 14 of KRAKCHEMIA S.A Ordinary General Shareholders Meeting.

„KRAKCHEMIA S.A Ordinary General Shareholders Meeting resolves to grant Mr Grzegorz Janas a vote of approval on the fulfilment of duties as The Member of the Supervisory Board in the trading year from 25 June 2018 to 21 September 2018.”

Resolution No 15 of KRAKCHEMIA S.A Ordinary General Shareholders Meeting.

„KRAKCHEMIA S.A Ordinary General Shareholders Meeting resolves to grant Mr Marek Frydrych a vote of approval on the fulfilment of duties as The Member of the Supervisory Board in the trading year from 26 October 2018 to 31 December 2018.”

Resolution No 16 of KRAKCHEMIA S.A Ordinary General Shareholders Meeting.

„KRAKCHEMIA S.A Ordinary General Shareholders Meeting resolves that the net loss in the trading year 2018 amounting for the period from 1 January 2018 to 31 December 2018 to 12 860 753,46 PLN will be covered from the Company reserve capital.”

Resolution No 17 of KRAKCHEMIA S.A Ordinary General Shareholders Meeting

„KRAKCHEMIA S.A Ordinary General Shareholders Meeting resolves that the number of members of the Supervisory Board for a new term will amount to _______ people.”

Resolution No 18 of KRAKCHEMIA S.A Ordinary General Shareholders Meeting

„KRAKCHEMIA S.A Ordinary General Shareholders Meeting appoints Mr/Ms ________ into the Supervisory Board composition.”

Resolution No __ of KRAKCHEMIA S.A Ordinary General Shareholders Meeting

„KRAKCHEMIA S.A Ordinary General Shareholders Meeting determines a monthly remuneration for the Company Supervisory Board in the amount of ________.”

Resolution No __ of KRAKCHEMIA S.A Ordinary General Shareholders Meeting

„KRAKCHEMIA S.A Ordinary General Shareholders Meeting resolves to change § 3 of the Company Articles in the following manner:

(i) In § 3 of Company Articles, in item 65) replace a full stop with a comma and add further points numbered from 66) to 71) in the following wording:

„66) 46.72.Z Wholesale of metals and metal ores

67) 46.71 Wholesale of fuels and related products,

68) 46.33.Z Wholesale of dairy products, eggs and edible oils and fat

69) 46.11.Z Agents involved in the sale of agricultural raw materials, live animals, textile raw materials and semi-finished goods

70) 46.21.Z Wholesale of grain, unmanufactured tobacco, seeds and animal feeds

71) 47.76.Z Retail sale of flowers, plants, seeds, fertilisers, pet animals and pet food in specialised stores.”

(ii) the whole wording of §3 of the Articles (after considering of the above-mentioned change) mark as paragraph 1 and add a new paragraph 2 of the following wording:

Resolution No __ of KRAKCHEMIA S.A Ordinary General Shareholders Meeting

„KRAKCHEMIA S.A Ordinary General Shareholders Meeting authorizes the Company Supervisory Board to determine a uniform wording of the Company Articles taking into consideration the changes adopted at the General Meeting of 25 June 2019”

RAKCHEMIA S.A. Board published the justifications to the resolution project concerning the change of § 3 of the Company Articles, which will be the subject of the General Meeting proceedings

The proposed change is related to the planned extension of the company economic activity to the trade activity in new areas. The planned change of the articles will not restrict the subject of activity executed hitherto by the Company. As a result, the proposed change does not constitute a considerable change of the activity.

Information on the total number of the Company shares and the total number of votes from shares as on the day of the General Meeting announcement

The Company equity capital amounts to 9.000.000,00 PLN and is divided into 9.000.000,00 shares of the face value amounting to 1.000 PLN each, while each share is represented by 1 vote at the Company General Meeting. The total number of votes from shares amounts to 9.000.000,00.

KRAKCHEMIA S.A. Board

Legal basis:
§ 38 para. 1 of the Minister of Finance Regulation of 19 February 2009 on the current and periodical information Publisher by the securities` issuers and the conditions of regarding as equivalent of information required by non-member states (Dz. U. z 2014 r. Nr 133 – Journal of Laws of 2014 No 133).

28.05.2019
CURRENT REPORT No 20/2019 OF 28.05.2019
EXPIRING OF THE CREDIT AS A RESULT OF PAYING OFF FROM THE SALE OF THE PLEDGED COLLATERAL

Krakchemia S.A. Board, with a seat in Kraków ("The Company") informs that on 28.05.2019, there ensued complete paying off the credit amounting to 10 000 thousand PLN, resulting from the contract on the multi-purpose line of 15 March 2018 with Bank Ochrony Środowiska SA with a seat in Warsaw („The Bank”) in accordance with an annex of 27 May 2019, of which the Company informed in the current report No. 17/2019 of 27 May 2019.

In accordance with the annex, dated 27 May 2019, paying off ensued from the means coming from the sale on 27 May 2019 on the regulated market, of a registered pledge on the financial instruments in possession of the Company, as a result of which, the Company obtained the inflows in the amount of 10 500 thousand PLN

Legal basis:
Art. 17 para. 1 MAR

27.05.2019
CURRENT REPORT NO 19/2019 OF 27.05.2019
SIGNING AN ANNEX TO THE FACTORING AGREEMENT

KRAKCHEMIA S.A. Board with a seat in Kraków (henceforth: „The Company”), informs that on 27.05.2019 information on signing on 25.04.2019 by Coface Poland Factoring Sp. z o.o. (henceforth: „Coface") an annex to the factoring agreement No 1666/2017 (henceforth: „the Contract”), concluded with the Company, on the basis of which, Coface obliged itself to render the service of reversed factoring in favour of the Company.

In accordance with the annex, the agreement expired as on the day of the Company`s paying off the claims, which took place on 7.05.2019 .

Legal basis:
Art. 17 paras. 1 – MAR

27.05.2019
CURRENT REPORT NO 18/2019 OF 27.05.2019
SIGNING AN AGREEMENT TO THE CONTRACT ON FACTORING LINE WITH THE RIGHT OF RECOURSE IN THE DOMESTIC TRADE

Krakchemia S.A. with a seat in Kraków ("the Company") informs that on 27 May 2019, the Company signed an agreement to the contarct on factoring line with the right of recourse in the domestic trade, concluded on 28 February 2017 („the Agreement”) with Bank Ochrony Środowiska SA with a seat in Warsaw, stipulating the conditions of termination the Contract, of which the Company informed in the current report No. 11/2017 of 28.02.2017, and on the changes in the current report No. 2/2019 of 27.02.2019. The conditio for the Contract termination is paying off the liabilities resulting from the Contract and guaranteeing the means for the sake of clearing the invoiced at the end of the month.

Legal basis:
Art. 17 para.1 MAR

27.05.2019
CURRENT REPORT NO 17/2019 OF 27.05.2019
SIGNING AN ANNEX TO THE MULTIPURPOSE LINE AGREEMENT

Krakchemia S.A. Board with a seat in Kraków ("The Company") informs that on 27.05.2019, an annex to the multipurpose agreement was signed with Bank Ochrony Środowiska SA with a seat in Warsaw („The Bank”), concluded on 15 March 2018 („the Agreement”).

In accordance with the stipulations incorporated in the annex, the Bank issues agreement on freeing the blockade on the investment account and the sale of the subject of the collateral pledged in the form of financial instruments, with the aim of destining the means acquired from the sale for paying off the credit entirely. In connection with the sale of the collateral pledged, there ensues paying off the credit in favour of the Bank.

The Company informed on the previous changes in the above-mentioned Agreement in the current report No. 16/2019 of 15.05.2019.

Legal basis:
Art. 17 para. 1 MAR

15.05.2019
CURRENT REPORT NO 16/2019 OF 15.05.2019
ON SIGNING AN ANNEX TO THE MULTI-PURPOSE LINE AGREEMENT

Krakchemia S.A. Company Board with a seat in Kraków ("The Company")informs that on 15.05.2019 an annex with Bank Ochrony Środowiska SA with a seat in Warsaw („The Bank”) to the agreement on multipurpose line, concluded on 15 March 2018 („The Agreement”) was signed.

In accordance with the annex, the period of paying-off was prolonged until 28.06.2019. The annex enters into force with the day of taking a decision by the other banks crediting the Company on prolonging their periods of crediting by a period not shorter than until 28.06.2019 and updating the promissory note declarations.

The Company informed on the previous changes to the above-mentioned Agreement in the current report No. 11/2019 of 17.04.2019.

Legal basis:
Art. 17 para. 1 MAR

15.05.2019
CURRENT REPORT NO 15/2019 OF 15.05.2019
CONCLUDING AN ANNEX TO THE CREDIT AGREEMENT AND AN ANNEX TO THE AGREEMENT ON LIMIT FOR GUARANTEES WITH ALIOR BANK SA

Krakchemia S.A. Board with a seat in Kraków („The Company”), informs on conclusion on 15.05.2019 of an annex to the credit agreement No. U0003207958476/A on credit in the current report between the Company and Alior Bank S.A. („The Credit Agreement”).
In accordance with the Credit Agreement, the date of the final paying-off the credit amounting to 6 500 thousand PLN was prolonged until 28.06.2019, not longer, however, that financing granted by the other banks financing the Company.

The Company informed on previous changes in the current report No. 13/2019 of 23.04.2019.

Moreover, the Company Board informs that on 15.05.2019, an annex to the agreement on limit for guarantees No. U0003207958476/B up to the total amount of 12.192.350,00 PLN, was concluded between the Company and Alior Bank S.A. („The Agreement on Limit”). In accordance with the annex to the Agreement on Limit, the period of limit use was established as until 28.06.2019. The Company informed on the conclusion of the Agreement on Limit in the current report No. 9/2019 of 15.04.2019.

Legal basis
Art. 17 para. 1 – MAR

15.05.2019
CURRENT REPORT NO 14/2019 OF 15.05.2019
SIGNING AN ANNEX TO THE CREDIT AGREEMENT WITH MBANK S.A.

KRAKCHEMIA S.A. Board with a seat in Kraków („The Company”) informs that on 15.05.2019, an annex to the credit agreement in the current account was signed with mBank S.A. with a seat in Warsaw („The Bank”) of 2.03.2004 („The Agreement”). In accordance with the annex to the Agreement, the period of credit use in the amount of 4 750 thousand PLN was prolonged until 27.06.2019, and the period of the credit paying off until 28.06.2019. At the same time, additional terms were added for the Company to be met, with the deadline of 20.05.2019, consisting in providing the Bank of annexes confirming the prolongation of credits by the other financing Banks in the hitherto amount, i.e. Alior Bank SA 6,5 m PLN and BOŚ Bank SA 10 m PLN for the period not shorter than until 28.06.2019 and maintaining unchanged all the safeguards of the above-mentioned credits until 28.06.2019. In the case of:

- meeting the additional conditions, the credit means will be placed at the Company`s disposal – not meeting the additional conditions, the credit will be booked into the overdue liability with the date of 16.05.2019, and all the inflows into the Company current account from 6.05.2019 until 20.05.2019 will be able to be disposed of in accordance with the Bank`s decision.

The Company informed on the previous changes of the above-mentioned Agreement amoung others in the current report No. 12/2019 of 18.04.2019.

Legal basis:
Art. 17 para 1 MAR

23.04.2019
CURRENT REPORT No 13/2019 OF 23.04.2019
CONCLUDING AN ANNEX TO THE CREDIT AGREEMENT

Krakchemia S.A. Board with a seat in Kraków („The Company”), informs about the conclusion on 23.04.2019 of an annex to the credit agreement No. U0003207958476/A on credit in the current account between the Company and Alior Bank S.A. („The Credit Agreement”).
In accordance with the annex to the Credit Agreement, the period of crediting on the basis of the Credit Agreement, was shortened in the amount of 6 500 thousand PLN till 15.05.2019. The other terms of the Credit Agreement did not undergo a change.

The Company informed on the previous changes in the Credit Agreement in the current report No. 9/2019 of 15.04.2019.

Legal basis
Art. 17 para. 1 – MAR

18.04.2019
CURRENT REPORT NO 12/2019 OF 18.04.2019
SIGNING AN ANNEX TO THE CREDIT AGREEMENT WITH MBANK S.A.

KRAKCHEMIA S.A. Board with a seat in Kraków („The Company”) informs that on 18.04.2019, information was received on signing by mBank S.A. with a seat in Warsaw („The Bank”) on 17.04.2019 of an annex to the credit in the current account of 2.03.2004 („The Contract”). In accordance with the annex to the Contract, the period of credit use in the amount of 4 750 thousand PLN was shortened till 14.05.2019, and the deadline of paying off the credit till 15.05.2019. At the same time, new conditions to be met by the Company were added with the deadline of 23.04.2019, consisting in supplying the Bank with annexes confirming the prolongation of the credit by the other financing Banks in the hitherto amounts, i.e. Alior Bank SA 6,5 m PLN and BOŚ Bank SA 10 m PLN for the period not shorter than till 15.05.2019 as well as maintaining all the safeguards of the above-mentioned credits and factoring unaltered till 15.05.2019. In the case of :

- meeting the additional terms, the credit means will be put at Company`s disposal

- not meeting the additional terms, the credit will be re-entered as the overdue debt with the date of 17.04.2019, and all the inflows at the Company current account for the period from 17.04.2019 to 17.04.2019, will be used in accordance with the Bank`s disposal.

The Company informed on the previous changes of the above-mentioned agreement in the current report No. 10/2019 of 15.04.2019.

Legal basis:
Art. 17 para 1 MAR

17.04.2019
CURRENT REPORT No 11/2019 OF 17.04.2019
SIGNING AN ANNEX TO THE MULTI-PURPOSE LINE CONTRACT

Krakchemia S.A. Company Board, with a seat in Kraków, ("The Company") informs, that on 17.04.2019 information was received upon signing by Bank Ochrony Środowiska SA with a seat in Warsaw („The Bank”) of an annex, dated as on 15.04.2019, to the contract on multi-purpose line concluded on 15 March 2018 („The Contract”) with the Bank. In accordance with the Annex, the period of paying-off was prolonged till the day of 15.05.2019, the Bank margin and the administrative fee underwent a change.

In accordance with the additional stipulations incorporated in the annex, the Bank has the right of terminating the contract in the case when the Inland Revenue control results for the period from March 2013 to December 2015 will threaten the due payment of the credit, and if the other financing banks decide upon the withdrawal or limitation of financing, which in the Bank`s assessment, might threaten the continuation of activity or if, in the period until 17.04.2019, the Company does not acquire the purchaser for the pledge in the form of financial instruments. The Company informed on the previous changes of the above-mentioned Contract in the current report No. 3/2019 of 27.02.2019.

Legal basis:
Art. 17 para. 1 MAR

15.04.2019
CURRENT RAPORT NO 10/2019 OF 15.04.2019
SIGNING AN ANNEX TO THE CREDIT AGREEMENT WITH MBANK S.A.

KRAKCHEMIA S.A. Board with a seat in Kraków („The Company”) informs that on 15.04.2019 an annex to the credit contract in the current account of 2.03.2004 („The Contract”) concluded with mBank S.A. with a seat in Warsaw („The Bank”). In accordance with the annex to the Contract, the period of the credit use in the amount of 4 750 thousand PLN was prolonged till 14.06.2019, and the period of paying off the credit was prolonged till 17.06.2019. At the same time, new terms to fulfil by the Company were added, with the deadline of 17.04.2019, consisting in supplying the Bank with annexes confirming the credit prolongations by the other financing Banks, in the hitherto amount, i.e. Alior Bank SA 6,5 m PLN and BOŚ Bank SA 10 m PLN as well as factoring in BOŚ Bank SA in the amount not lower than 600 thousand PLN for the period not shorter than until 17.06.2019 as well as maintaining without changes of all the collaterals of the above-mentioned credits and the factoring until 17.06.2019. In the case of:

- meeting the additional terms, the credit will be put at the Company`s disposal starting on 17.04.2019,

- not meeting the additional terms, the credit will be re-entered in the books as the overdue debt, with the date of 15.04.2019, and all the inflows into the Company current account for the period from 15.04.2019 to 17.04.2019, will be able to be used in accordance with the Bank`s will.

On the previous changes of the above-mentioned Contract, the Company informed in the current report No. 5/2019 of 13.03.2019.

Legal basis:
Art. 17 para 1 MAR

15.04.2019

CURRENT REPORT No 9/2019 OF 15.04.2019
CONCLUDING AN ANNEX TO THE CREDIT AGREEMENT AND AN ANNEX TO THE AGREEMENT ON THE LIMIT FOR GUARANTEES WITH ALIOR BANK SA

Krakchemia S.A. Board with a seat in Kraków („The Company”), informs about the conclusion on 15.04.2019 of an annex to the credit agreement No. U0003207958476/A on credit in the current account between the Company and Alior Bank S.A. („The Credit Agreement”).
In accordance with the annex to the Credit Agreement, the period of crediting on the basis of the Credit Agreement, was prolonged in the amount of 6 500 thousand PLN till 15.06.2019. The other terms of the Credit Agreement did not undergo a change.

The Company informed on the previous changes in the Credit Agreement in the current report No. 7/2019 of 25.03.2019.

Moreover, the Company Board informs that on 15.04.2019, an annex to the agreement on limit for guarantees No. U0003207958476/B was concluded up to the total amount of 12.192.350,00 PLN concluded between the Company and Alior Bank S.A. („the Agreement on the Limit”). In accordance with the annex to the Agreement on the Limit, the period of the limit use was established until the day of 30.04.2019. The Company informed on the conclusion of the Agreement on the Limit in the current report No. 17/2018 of 11.07.2018.

Legal basis
Art. 17 para. 1 – MAR

29.03.2019

CURRENT REPORT No 8/2019 OF 29.03.2019
INITIAL FINANCIAL RESULTS FOR 2018

KRAKCHEMIA S.A. Board („The Company”) announces publicly the initial, non-audited, selected financial data of the Company for the period form 1 January 2018 to 31 December 2018:

a) Net revenue from sales– 225 576 thousand PLN
b) Operational loss – 12 742 thousand PLN
c) Net loss – 11 778 thousand PLN

KRAKCHEMIA S.A. Board informs that the Company, in accordance with the principle of careful asset valutation, created entries updating the fixed assets and financial assets in the amount of 4 767 thousand PLN (verbatim: four million seven hundred and sixty-seven thousand PLN), which have influence upon the financial result.

Krakchemia SA Board also informs that on 29 March 2019, tests on the loss of value of the taken-over company Maximex Sp. z o.o were conducted. Maximex Sp. z o.o. was covered by the Company acquisition on the basis of the contract of stake sale of 7 August 2007, and subsequently it was joined with the Company. The necessity of controlling the value of the company over time results from IAS 36. The test on the loss of value was construed on the basis of the quantative turnover of the material being the basis for the company activity i.e. the plastic raw material. As a result of the fall int he quantative turnover of the plastic raw material in the Company in 2018 below the threshold level outlined in the test on the loss of value, there arose the necessity of updating the goodwill value amounting to 6 101 thousand by 14% i.e. proportionally to the loss of the quantative turnover in relation to the threshold value. As a result of the executed test, an updating entry was created in the amount of 1 239 thousand PLN.

The values of entries presented above, in the total amount of 6 006 thousand PLN, are estimates and may undergo corrections. The final values of updating entries will be presented in the unitary financial statement for 2018.

At the same time, the Company Board indicates that the assessments presented in the financial result:

- are initial and have not been subject to the examination by a certified auditor;
- were compiled according to the principle of the best knowledge in possession as on the day of their compilation;
- were created on the basis of an assumption that no circumstances would arise, which could considerably influence the financial results after the day of compiling the estimated data.

The Company Board points out that the final results will be published in the yearly report (i.e. on 30 April 2019) and may differ from the indicated above initial financial data.

Legal basis:
Art. 17 para. 1 MAR

25.03.2019

CURRENT REPORT No 7/2019 OF 25.03.2019 .
CONCLUDING AN ANNEX TO THE CREDIT AGREEMENT WITH ALIOR BANK SA

Krakchemia S.A. Board with a seat in Kraków („The Company”) informs on the conclusion on 25 March 2019 of an annex to the credit agreement No. U0003207958476/A on credit in the current account between The Company and Alior Bank S.A. („The Credit Agreement”).
In accordance with the annex to the Credit Agreement, the period of crediting on the basis of the Credit Agreement has been prolonged, in the amount of 6 500 thousand PLN, until 15 April 2019.
The other conditions of the Credit Agreement have not undergone any change.

The Company informed on the previous changes in the Credit Agreement in the current report No. 4/2019 of 28.02.2019.

Legal basis:
Art. 17 para. 1 – MAR

21.03.2019
CURRENT REPORT No. 6/2019 OF 21.03.2019
APPOINTING KRAKCHEMIA S.A. BOARD FOR A NEW TERM

KRAKCHEMIA S.A. Board informs that KRAKCHEMIA S.A. Supervisory Board, at its meeting of 21.03.2019, passed a resolution concerning the appointment of the Company Board for a new term, in accordance with which KRAKCHEMIA S.A. Supervisory Board, on the basis of § 5 para.1 item 1.1 of the Company Articles, resolved that the Company Board will consist of two people. The Supervisory Board appointed into the Board Composition:

Mr. Andrzej Zdebski – The Board Chairperson,
Mr. Łukasz Adach – The Board Deputy Chairperson.

Mr. Andrzej Zdebski – The Board Chairperson
The function in the Issuer`s company: Chairperson of the Board

Andrzej Zdebski – lawyer , manager, economic self-government official. Krakchemia S.A. Board Chairperson, Honorary Consul of the Republic of Chile in Kraków, Counsellor of IPH in Kraków, Member of RN KCI SA and Cliffsidebrokers SA, Member of the Board in ISS. In the past, among others: assistent in KPMP UJ in Kraków, economy and labour deputy minister, Chairperson of the Board in PAIiIZ , director in the banking sector, member of the Supervisory Board: BGK SA, BGŻ SA, Unimil SA, Zelmer SA, MPL Balice in Kraków, perennial President of IPH in Kraków.

Mr. Andrzej Zdebski does not conduct activity that would be competitive in relations to the activity performer in the Issuer`s company, nor does he participate in the competitive company as an associate of a civil law partnership, a partnership or as a member of a capital company body, neither in any other competitive legal personality as a member of its body. Mr. Zdebski has not been entered into Rejestr Dłużników Niewypłacalnych (Register of Insolvent Debtors), maintained on the basis of the Act on KRS (National Court Register).

Mr. Łukasz Adach – the Board Deputy Chairperson
The function in the Issuer`s company: Deputy Chairperson of the Board

Łukasz Adach possesses a higher, economic education. He graduated from Uniwersytet Marii-Curie Skłodowskiej w Lublinie, Uniwersytet Warszawski and IESE University of Navarra in Barcelona.

Mr. Adach has more than twenty-year-long professional experience, obtained working in commercial banks both in Poland and abroad. For ten years now, he has been active in rendering counselling services within the areas of management, finance and restructuring.

He has a licence of restructuration counsellor, No. 1097, PRINCE-2 certificate. Mr. Adach is proficient in Polish and English. Moreover, he has the elementary skills in German, Russian and Dannish.

Mr. Adach fills the function of the Board Chairperson in ADAH Sp. z o.o. – the company active in business counselling as well as the Supervisory Board Member in Terravita Sp. z o.o., Poznań and Dent-a-Medical S.A., Kraków.

Mr. Łukasz Adach does not conduct activity that would be competitive in relations to the activity performer in the Issuer`s company, nor does he participate in the competitive company as an associate of a civil law partnership, a partnership or as a member of a capital company body, neither in any other competitive legal personality as a member of its body. Mr. Zdebski has not been entered into Rejestr Dłużników Niewypłacalnych (Register of Insolvent Debtors), maintained on the basis of the Act on KRS (National Court Register).

Legal basis: § 5 para. 5 Minster of Finance Regulation of 29 March 2018, on the current and periodical information published by the security issuers and on the conditions of regarding as equivalent of the information required by the legal regulations of a non-member state .

13.03.2019

CURRENT REPORT No 5/2019 OF 13.03.2019
SIGNING AN ANNEX TO THE CREDIT AGREEMENT WITH MBANK S.A.

KRAKCHEMIA S.A. Board with a seat in Kraków („The Company”) informs that on 13 March 2019, an annex to the agreement on credit in the current account of 2 March 2004 („The Contract”) was signed, concluded with mBank S.A. with a seat in Warsaw („The Bank”). In accordance with the annex to the Agreement, the period of the credit use concerning the amount of 4 750 thousand PLN was prolonged until 14 April 2019. The date of the credit paying-off ha salso undergone a change; it was prolonged until 15 April 2019.

The Company informed on the previous changed to the Agreement, in the current report No. 34/2018 of 3.12.2018.

Legal basis:
Art. 17 para 1 MAR

28.02.2019

CURRENT REPORT No 4/2019 OF 28.02.2019
CONCLUDING AN ANNEX TO THE CREDIT AGREEMENT WITH ALIOR BANK SA

Krakchemia S.A. Board with a seat in Kraków („the Company”) informs about the conclusion on 28 February 2019 of an annex to the credit agreement No. U0003207958476/A on credit in the current account between the Company and Alior Bank S.A. („The Credit Agreement”).
In accordance with the annex to the Credit Agreement, the period of crediting on the basis of the Credit Agreement was prolonged in the amount of 6 500 thousand PLN for the period until 27 March 2019.
The other conditions of the Credit Agreement did not undergo a change.

The Company informed on the conclusion of the Credit Agreement in the current report No. 24/2017 of 14.06.2017, and on the changes in the current report No. 17/2018 of 11.07.2018.

Legal basis:
Art. 17 para. 1 – MAR

27.02.2019

CURRENT REPORT No 3/2019 OF 27.02.2019
SIGNING AN ANNEX TO THE AGREEMENT ON MULTI-PURPOSE LINE

Krakchemia S.A. with a seat in Kraków ("the Company") informs that on 27 February 2019, the Company signed an annex to the agreement on multi-purpose line concluded on 15 March 2018 („the Company”) with Bank Ochrony Środowiska SA with a seat in Warsaw, of which the Company informed in the current report No. 5/2018 of 15.03.2018 , prolonging the duration of the agreement until 15.04.2019.

The other conditions of the Agreement remain unchanged.

Legal basis:
Art. 17 para.1 MAR

27.02.2019

CURRENT REPORT No 2/2019 OF 27.02.2019
SIGNING AN ANNEX TO THE AGREEMENT ON FACTORING LINE WITH THE RIGHT OF RECOURSE IN THE DOMESTIC MARKET

Krakchemia S.A. with a seat in Kraków ("The Company") informs that on 27 February 2019, the Company signed an annex to the agreement on factoring line with the right of recourse in the domestic trading, concluded on 28 February 2017 („the Agreement”) with Bank Ochrony Środowiska SA with a seat in Warsaw, of which the Company informed in the current report No 11/2017 of 28.02.2017 , and on the changes in the current report No. 4/2018 of 1.03.2018, prolonging the period of limit availability until 27.03.2019 .

The other conditions of the agreement remained unchanged.

Legal basis:
Art. 17 para.1 MAR

30.01.2019

CURRENT REPORT No 1/2019 of January 30, 2019
THE DATES OF PUBLISHING THE PERIODICAL REPORTS IN 2019

KRAKCHEMIA S.A. Board publishes the dates of publishing the periodical reports in 2019:

I. The dates of publishing the quarterly reports:
1. For the 1st quarter of 2019 - May 29, 2019 (Wednesday)
2. For the 3rd quarter of 2019 - November 28, 2019 (Thursday)

II. The date of publishing the half-year report for the first half of 2019 – September 30, 2019 (Monday)

III. The date of publishing the yearly report for the year 2018 – April 30, 2019 (Tuesday)

The Company shall not publish the periodical report for the 4th quarter of 2018 and the periodical report for the 2nd quarter of 2019 in accordance with the stipulations of § 79 of the Minister of Finance regulation of March 29, 2018 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

The Legal Basis:
§ 80 ust. 1 of the Minister of Finance regulation of March 29, 2018 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