Krakchemia S.A spółka notowana na GPW

Krakchemia S.A

5.10.2020
CURRENT REPORT NO 22/2020 OF  5.10.2020
RECEPTiON OF THE RULING OF WOJEWÓDZKI SĄD ADMINISTRACYJNY (VOIVOIDSHIP ADMINISTRATIVE COURT) IN KRAKÓW UPON WITHHOLDING THE EXECUTION OF THE QUESTIONED DECISION

 Krakchemia S.A. Board with a seat in Kraków („The Company") informs that on 5 October 2020, the ruling of  25 September 2020 of Wojewódzki Sąd Administracyjny in Kraków („WSA”) upon withholding the decision of Dyrektor Izby Administracji Skarbowej (The Director of Inland Revenue Administration Chamber) in Kraków was receive, of which the Company informed in the current reports No. 18/2020 of 14 July 2020 and No. 34/2019 of 27 December 2019. Having considered the Company`s motion, WSA resolved to withhold the execution of the questioned decision.

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

 

 

 1.10.2020
CURRENT REPORT No 21/2020 OF 1.10.2020
SIGNING THE ANNEX TO THE CREDIT AGREEMENT WITH MBANK S.A.

KRAKCHEMIA S.A. Board with a seat in Kraków („the Company”) informs that on 1.10.2020, information was received on signing as on 30.09.2020 an annex to the agreement on credit in the current account of 2.03.2004 („The Agreement”) with mBank S.A. with a seat in Warsaw („The Bank”). In accordance with the annex to the Agreement, the period of paying off the credit was prolonged until 15.04.2021.

The amounts of credit in the current account and the periods of credit use underwent a change: (i) 3 090 thousand  PLN in the period from 1.10.2020 until 30.12.2020; (ii) 2 690 thousand  PLN in the period from 31.12.2020 until 31.03.2021 ; (iii) 2 390 thousand  PLN in the period from 1.04.2021 until 15.04.2021.

The Company informed on the previous changes of the above-mentioned Agreement, amount others in the current report No. 12/2020 of 29.06 2020, in the current report No. 8/2020 of  31 .03 2020, in the current report No. 31/2019 of  25.09.2019 and in the current report No. 29/2019 of 26.07.2019.

Legal basis:
Art. 17 para 1 MAR

 

 

 10.09.2020
CURRENT REPORT No 20/2020 OF 10.09.2020.
DISMISSAL OF THE COMPANY COMPLAINTS BY WOJEWÓDZKI SĄD ADMINISTRACYJNY W KRAKOWIE (VOIVOIDSHIP ADMINISTRATIVE COURT in KRAKÓW)

Krakchemia S.A. Board with a seat in Kraków („The Company"), in connection with two decision by Dyrektora Izby Administracji Skarbowej w Krakowie (Inland Revenue Administration Chamber`s Director in Kraków) of which the Company informed in current reports No. 27/2019 of 1 July 2019 and No. 6/2020 of 24 March 2020 as well as No. 28/2019 of 17 July 2019 r. and No. 7/2020 of 24 March 2020, informs that on 10 September 2020, Wojewódzki Sąd Administracyjny in Kraków („WSA”) dismissed the Company`s complaints to the afore-metioned decisions.

The Company, based among others on the position of the fiscal counsellor, does not agree with the WSA rulings. The Company intends to undertake further legal steps to defend its position, filing a cassation appeal to Naczelny Sąd Administracyjny (The Supreme Administrative Court).

The execution of the decisions was withtheld by virtue of the resolutions of 16 June 2020, of which the Company informed in the current report No. 16/2020 of 1 July 2020 .

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

 

 

 2.09.2020
CURRENT REPORT NO  19/2020 OF 2.09.2020.
SIGNING AN ANNEX TO THE INSURANCE AGREEMENT WITH COMPAGNIE FRANCAISE D’ASSURANCE POUR LE COMMERCE EXTERIEUR (COFACE)

KRAKCHEMIA S.A. Board with a seat in Kraków (henceforth: „Spółka”), informs that on 2 September 2020,  the Tradeliner Contract was received, which is the continuation of the insurance contract of 30 December 2016 (henceforth: „the Contract”) concluded with Compagnie Francaise d’Assurance Pour le Commerce Exterieur (henceforth: „COFACE”). The Tradeliner Contract is valid from 1.07.2020 to 30.06.2022, and on its basis the Company receives the insurance coverage encompassing the risk of the lack of receivables payment by virtue of the deliveries executed within the period of the contract. The conditions of protection and the manner of obtaining insurance underwent change.
The Company informed on concluding the Contract in the current report No. 37/2016 of 30.12.2016 and in the current report No. 15/2018 of 29.06.2018.

Legal basis:
Art. 17 para. 1 – MAR

 

 

 14.07.2020
CURRENT REPOR NO 18/2020 OF 14.07.2020.
MAINTAINING VALID THE DECISION OF NACZELNIK MAŁOPOLSKIEGO URZĘDU CELNO – SKARBOWEGO W KRAKOWIE ( THE HEAD OF MAŁOPOLSKA CUSTOMS AND INLAND REVENUE OFFICE ) OF 12 DECEMBER 2019. 

 Krakchemia S.A. Board with a seat in Kraków "The Company", in connection with the current report No. 34/2019 of 27 December 2019, in which the Company informed on the reception as on 27 December 2019 of a decision of Naczelnik Małopolskiego Urzędu Celno - Skarbowego in Kraków of 12 December 2019 on the determination of tax liability in the tax on goods and services for the period from January to December 2015, informs that on 14 July 2020 the Company received the decision of the Director of Izba Administracji Skarbowej (Inland Revenue Administration Chamber) in Kraków of 29 June 2020, in which the above-mentioned decision of the organ of the first instance was maintained valid. The Company, basing among others on the opinion of the tax counsellor, does not agree with the approach expressed in the decision of the second instance body. The Company intends to undertake immediate furher legal actions with the aim of defending its position, filing a complaint with Wojewódzki Sąd Administracyjny (Voivoidship Administrative Court) in Kraków. The Company informs that the above-mentioned decision of the second instance body is executable. 

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

 

 

 10.07.2020
CURRENT REPORT No 17/2020 OF 10.07.2020
SELECTION OF THE ENTITY ENTITLED TO EXAMINE THE COMPANY FINANCIAL REPORTS

KRAKCHEMIA S.A. Board („The Company”) informs that on 10 July 2020, the Company Supervisory Board selected Misters Audytor Adviser Sp. z o.o., as the entity entitled to examine the financial reports. The Company is to sign a contract with Misters Audytor Adviser to examine the Company mid-year financial result for the first half of 2020, to examine the Company financial report for the trading year 2020 as well as the review of the Company mid-year financial report for the 1st half of 2021 and to review the Company financial report for the trading year 2021. Misters Audytor Adviser Sp. z o.o., with a seat in Warszawa, Wiśniowa 40/5 Street, is listed in the register of entities entitled to examined financial reports under the entry No. 3704. The Company Supervisory Board made the selection of the entity entitled to examine financial reports in accordance with the valid legal regulations and the Company Articles.

Legal basis:
Art. 17 para. 1 – MAR

 

 

 1.07.2020
CURRENT REPORT No 16/2020 OF 1.07.2020
RECEPTION OF TWO RESOLUTIONS FROM VOIVOIDSHIP ADMINISTRATIVE COURT IN KRAKÓW UPON WITHHOLDING THE EXECUTION OF TWO LITIGATED DECISIONS

 Krakchemia S.A. Board with a seat in Kraków („The Company") informs that on 1 July 2020, the Company received two resolutions of 16 June 2020 from Wojewódzki Sądu Administracyjnego (Voivoidship Administrative Court) in Kraków („WSA”) upon withholding the execution of two decisions of Dyrektor Izby Administracji Skarbowej (The Head of Inland Revenue Administration Chamber) in Kraków, of which the Company informed in the current reports  No. 27/2019 of 1 July 2019 and No. 6/2020 of 24 March 2020 as well as No. 28/2019 of 17 July 2019 and No. 7/2020 of 24 March 2020. Upon consideration of the Company motions, WSA resolved to withhold the execution of both litigated decisions.

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

 

 

 30.06.2020
CURRENT REPORT No 15/2020 OF 30.06.2020
LISTING THE SHAREHOLDERS POSESSING AT LEAST 5% OF VOTEST AT KRAKCHEMIA S.A. ORDINARY GENERAL MEETING OF 30 JUNE 2020

KRAKCHEMIA S.A. Board publishes the listing of shareholders possessing at least 5% votes at KRAKCHEMIA  S.A. Ordinary General Meeting of 30 June 2020:

  1. Jerzy Mazgaj – possessed 2 962 386 votes, constituting 66,38% votes at this KRAKCHEMIA S.A. Ordinary General Meeting, which constituted 32,92% of the total number of votes.
  2. Andrzej Zdebski – possessed 1 060 000 votes, constituting 23,75% votes at this KRAKCHEMIA S.A. Ordinary General Meeting, which constituted 11,78% of the total number of votes.
  3. IPOPEMA 2 FIZ Aktywów with a seat in Warsaw– possessed 258 037 votes, constituting 5,78% votes at this KRAKCHEMIA S.A. Ordinary General Meeting, which constituted 2,87% of the total number of votes.

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

 

 

 30.06.2020
CURRENT REPORT No. 14/2020 OF 25.06.2018
CHANGES IN THE SUPERVISORY BOARD COMPOSITION– RECALLING TWO MEMBERS OF THE COMPANY SUPERVISORY BOARD AND APPOINTING TWO NEW MEMBERS OF KRAKCHEMIA S.A. SUPERVISORY BOARD

KRAKCHEMIA S.A. Board („The Company”) informs that KRAKCHEMIA S.A. Ordinary General Meeting of 30.06.2020 .

  1. Recalled as on 30.06.2020  from the Company Supervisory Board Composition two of its members:

Mr. Wacław Andruszko, who hitherto filled the position of the Company Supervisory Board member;

Mr. Marek Hajbos,  who hitherto filled the position of the Company Supervisory Board member;  

  1. Appointed as on 30.06.2020 two members into the Company Supervisory Board composition:

Mr. Andrzej Szumański

Outside the Company, Mr. Andrzej Szumański is currently an ordinary professor of Jagiellonian University, Chair of Private Economic Law. According to his statement, Mr. Andrzej Szumański does not conduct activity, competitive to the issuer, nor does he participate in the competitive company as a partner of a civil company, partnership, capital partnership, nor participates in the competitive legal person as a member of its organ. Mr. Andrzej Szumański is not registered in Rejestr Dłużników Niewypłacalnych (Insolvent Debtors Register), conducted on the basis of the Act on KRS (Domestic Court Register).

 Mr. Maciej Matusiak

Outside the Company, Mr. Maciej Matusiak is currently filling the function of a member of the Supervisory Board in the following companies: MLP Group S.A., BBI Development S.A., ZPC Otmuchów S.A., Atende S.A., Drop S.A., Best S.A. and Libet S.A. According to his statement, Mr. Maciej Matusiak does not conduct activity, competitive to the issuer, nor does he participate in the competitive company as a partner of a civil company, partnership, capital partnership, nor participates in the competitive legal person as a member of its organ. Mr. Maciej Matusiak is not registered in Rejestr Dłużników Niewypłacalnych (Insolvent Debtors Register), conducted on the basis of the Act on KRS (Domestic Court Register).

Andrzej Szumański

  1. Prof. dr hab. Andrzej Szumański is an ordinary professor of the Jagiellonian University, Chair of Private Economic Law, where since 2005 he has filled the function of the Head of Commercial Law Faculty, and since 2017 – the function of a head of UJ Chair of Private Economic Law. He obtained his professor degree in 1998 (law studies 1976-1980, master degree- 1980, doctorate - 1987, habilitation- 1994  - everything at the Jagiellonian University). Moreover, Mr Szumański has been an advocate registered in the list of District Barrister Chamber in Kraków since 1996. Since 1998, he has been also related to the law firm CMS Cameron McKenna in Warsaw, in which, in the period 2000-2005, he was a local partner and currently its consultant, and since 2018 not on the exclusive principle. In 1983, Mr. Szumański passed judicial exam with distinction.
  2. Prof. Andrzej Szumański is one of the three authors of the Act draft of 15.IX.2000 – Commercial Companies Code, as well as the author of the Act of 10.IX.1999 on offset agreement. He participated in the works preparing The OECD Principles of Corporate Governance of 1999 as well as the amendment of KSH (CCC) of 12.XII.2003. As an expert of Stowarzyszenie Emitentów Giełdowych, Mr Szumański prepared the draft of the Corporate Order Commission Regulation. He participated in years 2006-2010 – as an expert of the delegation of the Ministry of Economy – in the works of UN Commission for International Trade Law (UNCITRAL) on the preparation of UNCITRAL Arbitration Rules 2010 within the framework of Working Group II - Arbitration and Conciliation, an in the years 2010-2013, he participated in the works of the Group, preparing the Transparency Principles in Investment Arbitrage, and in the years 2014-205 – in the preparation of the new version of UNCITRAL Notes on Organizing Arbitral Proceedings. Currently, he participates in the preparation of the draft of the Polish Bill on staff shareholders` programmes, referring to the USA-based Employees Stock Ownership Plans.

    3. Since 1995, Mr. Szumański has filled the function of an arbitrator in the Arbitration Court in Krajowa Izba Gospodarcza (Domestic Economic Chamber) in Warsaw, and since 1.01.2015, he has been a member of the Arbitration Council of the Court. Since 2007, Mr. Szumański has filled the function of the chairperson of the Stock Exchange Court at Giełda Papierów Wartościowych (Warsaw Stock Exchange) in Warsaw S.A. He is the deputy chairperson of the Conciliation Court at Izba Domów Maklerskich (Broker Houses` Chamber) since 2004, as well as he was the judge of the Conciliation Court at Krajowy Depozyt Papierów Wartościowych S.A. (Domestic Deposit of Securities) for two terms. In 2007, he was entered into the arbitrator register of the Vienna International Arbitral Centre (VIAC), and in 2018, he became the member of the Arbitration Council of the German Arbitration Institute (Deutsche Institiut fuer Schiedsgrichtsbarkeit - DIS) in Koln. In the years 2005-2011, he filled for the two terms the function of the chairperson of the Arbitration Court at Polska Konfederacji Pracodawców Prywatnych "Lewiatan" (Polish Private Employers` Confederation). He has also been the chairperson of the Honorary Court of Izba Przemysłowo-Handlowej (Trade and Industry Chamber) in Kraków since 2002, member of the Board of the Polish Court Conciliation Association (Polskie Stowarzyszenie Sądownictwa Polubownego) since 2004, and since 2018, the deputy chairperson of the Association. In years 2003-2018, he was the chairperson of Rada Fundacji Zdrowia Publicznego (the Council of the Public Health Foundation) in Kraków, and in the years 2004-2009, he was the chairperson of Stowarzyszenie Przyjaciół Filharmonii  (The Association of the Philharmony Friends) im. Karola Szymanowskiego in Kraków. Since 2004, he continues to be the member of Polski Instytut Dyrektorów (Polish Institute of Directors) . In the years 2008-2010, he filled the function of a member of Komisja Kodyfikacyjnej Prawa Cywilnego (Codification Commission of the Civil Law) at the Ministry of Justice. Since 2009, he has been a member of Spółdzielczy Instytutu Naukowy (Mutual Science Institute).

    4. Since 1990,  prof. Andrzej Szumański is intensively active as a lawyer and an advocate.

    5. Mr. Szumański held a post in the Supervisory Board of Południowy Koncernu Energetycznego S.A. with a seat in Katowice (2001-2002), Prądnickie Centrum Inwestycyjnego SA with a seat in Kraków (1999-2003), Małopolska Agencja Rozwoju Regionalnego S.A. with a seat in Kraków (2006-2010) and in the public companies: Polimex-Mostostal S.A. with a seat in Warsaw (2006-2012), NFI Empik Fashion & Media S.A. with a seat in Warsaw (2006-2012), Dom Maklerski IDM S.A. with a seat in Kraków (2010-2014), Integer S.A. with a seat in Kraków (2015-2017) and continuously since 1995, he has been in the Supervisory Board of Kolej Gondolowa Jaworzyna Krynicka S.A. with a seat in Krynica. Since 2006, he has been a member of the Supervisory Board of Aplitt S.A. with a seat in Gdańsk, and since 2017 a member of the Supervisory Board of Koleje Linowe S.A. with a seat in Zakopane.

    6. In years, Mr. Szumański 1990-2012 was a partner in Instytut Prawa Spółek i Inwestycji Sp. z o.o. with a seat in Kraków, a company of economic counselling, and in years 1990-2011, its director.


Maciej Matusiak

Graduate of Politechnika Łódzka (Łódź Polytechnic). Since 1994, Mr. Matusiak has possessed the licence of securities` broker and the CFA title (CFA Institute, USA, 2002). Furthermore, Mr. Matusiak has completed a series of trainings in financial analysis, accountancy and investment counselling.

 In years 1995-1996, he worked in Daewoo Towarzystwo Ubezpieczeniowe SA (Daewoo Insurance Association) in the Capital Investment Department as the securities dealer and financial analyst; in years 1996-1998 in Bankowy Dom Maklerski  PKO BP as a financial analyst. From 1998 to 2002, he worked in Grupa Commercial Union in the Commercial Union Polska Investment Department - Towarzystwo Ubezpieczeń na Życie SA, next in Commercial Union Investment Management (Polska) SA.  In the past, Mr. Matusiak filled numerous times the position of a member of Supervisory Board in the companies such as LPP S.A., Grupa KĘTY S.A., VRG S.A. and many others. Currently, he is filling the posisiton of a member of the Supervisory Board in the following companies: MLP Group S.A., BBI Development S.A., ZPC Otmuchów S.A., Atende S.A., Drop S.A., Best S.A. and Libet S.A.

 Legal basis:
§5 items 4) and  5) of the Ministry of Finance Regulation of 29 March 2018 on the current and periodical information transferred by securities` issuers and on the conditions of regarding as equivalent of the information required by non-member states 

 

 

 30.06.2020
CURRENT REPORT No 13/2020 OF 30.06.2020
LISTING THE RESOLUTIONS ADOPTED AT KRAKCHEMIA S.A. ORDINARY GENERAL SHAREHOLDERS MEETING OF 30.06.2020  

KRAKCHEMIA S.A. Board informs that KRAKCHEMIA S.A. Ordinary General Shareholders Meeting of 30.06.2020 adopted the following resolutions:

RESOLUTION No.  1 Of  KRAKCHEMIA S.A. Ordinary General Shareholders Meeting                             

„KRAKCHEMIA S.A Ordinary General Shareholders Meeting appoints Ms Katarzyna Ishikawa as the Chairperson of the Meeting.”

Total number of shares represented at the Ordinary General Meeting, from which valid votes were passed  4.204.516, percentage stake of the shares in the equity capital 46,72%

Votes on the resolution: 4.204.516  votes „in favour”, 0 votes „against”,  0 votes „abstain”, 

RESOLUTION No.  2 Of  KRAKCHEMIA S.A. Ordinary General Shareholders Meeting    

KRAKCHEMIA S.A Ordinary General Shareholders Meeting refrains from appointing the Returning Officers Panel on the grounds of the electronic vote counting system use.

Total number of shares represented at the Ordinary General Meeting, from which valid votes were passed  4.204.516, percentage stake of the shares in the equity capital 46,72%

Votes on the resolution: 4.204.516  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.

 Total number of shares represented at the Ordinary General Meeting, from which valid votes were passed  4.204.516, percentage stake of the shares in the equity capital 46,72%

Votes on the resolution: 4.204.516  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 2019, which is composed of:

  1. The financial situation report, compiled as on 31 December 2019, which on the asset as well as on own equity and liabilities side amounts to 72.905.295,84 PLN;
  2. Profit or loss and other total income report for the period from 1 January 2019 to 31 December 2019, presenting net loss in the amount of 13.008.788,59 PLN;
  3. The financial flow account for the period from 1 January 2019 to 31 December 2019, presenting an increase of cash and credit in the current account by 12.536.095,39 PLN;
  4. Own equity changes for the financial year from 1 January 2019 to 31 December 2019 presenting an decrease in own equity by the amount 14.353.799,29 PLN;
  5. Notes for the financial report.

Total number of shares represented at the Ordinary General Meeting, from which valid votes were passed  4.462.553, percentage stake of the shares in the equity capital 49,58%

Votes on the resolution: 4.462.553  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 2019.

Total number of shares represented at the Ordinary General Meeting, from which valid votes were passed  4.462.553, percentage stake of the shares in the equity capital 49,58%

Votes on the resolution: 4.462.553  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 that net loss for the trading year 2019 for the period from 1 January 2019 to 31 December 2019 amounting to 13.008.788,59 PLN will be covered from the Company reserve capital.

Total number of shares represented at the Ordinary General Meeting, from which valid votes were passed  4.462.553, percentage stake of the shares in the equity capital 49,58%

Votes on the resolution: 4.462.553  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. Andrzej Zdebski a vote of approval on the fulfilment of duties as the Chairperson of the Company Board in the trading year  2019 for the period from 1 January 2019 to 31 December 2019.

 Total number of shares represented at the Ordinary General Meeting, from which valid votes were passed  3.402.553, percentage stake of the shares in the equity capital 37,81%

Votes on the resolution: 3.402.553  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. Łukasz Adach a vote of approval on the fulfilment of duties as the Deputy Chairperson of the Company Board in the trading year 2019for the period from 21 March 2019 to 31 December 2019.

 Total number of shares represented at the Ordinary General Meeting, from which valid votes were passed  3.402.553, percentage stake of the shares in the equity capital 37,81%

Votes on the resolution: 3.402.553  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 Mr. Włodzimierz Oprzędek a vote of approval on the fulfilment of duties as the Deputy Chairperson of the Company Board in the trading year 2019 for the period  from 1 January 2019 to 21 March 2019.

 Total number of shares represented at the Ordinary General Meeting, from which valid votes were passed  4.462.553, percentage stake of the shares in the equity capital 49,58%

Votes on the resolution: 4.462.553  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 Mr. Jerzy Mazgaj a vote of approval on the fulfilment of duties as the Chairperson of the Supervisory Board in the trading year 2019 for the period from 1 January 2019 to 31 December 2019

 Total number of shares represented at the Ordinary General Meeting, from which valid votes were passed  1.500.167, percentage stake of the shares in the equity capital 16,67%

Votes on the resolution: 1.500.167  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 Barbara Mazgaj a vote of approval on the fulfilment of duties as the Member of the Supervisory Board in the trading year 2019 for the period from 1 January 2019 to 31 December 2019

Total number of shares represented at the Ordinary General Meeting, from which valid votes were passed  4.462.553, percentage stake of the shares in the equity capital 49,58%

Votes on the resolution: 4.462.553  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 Władysław Kardasiński a vote of approval on the fulfilment of duties as The Secretary of the Supervisory Board in the trading year 2019 for the period from 1 January 2019 to 31 December 2019

 Total number of shares represented at the Ordinary General Meeting, from which valid votes were passed  4.462.553, percentage stake of the shares in the equity capital 49,58%

Votes on the resolution: 4.462.553  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 Wacław Andruszko a vote of approval on the fulfilment of duties as the Member of the Supervisory Board in the trading year 2019 for the period from 25 June 2019 to 31 December 2019.

  Total number of shares represented at the Ordinary General Meeting, from which valid votes were passed  4.462.553, percentage stake of the shares in the equity capital 49,58%

Votes on the resolution: 4.462.553  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 Marek Hajbos a vote of approval on the fulfilment of duties as the Member of the Supervisory Board in the trading year 2019 for the period from 25 June 2019 to 31 December 2019.

 Total number of shares represented at the Ordinary General Meeting, from which valid votes were passed  4.462.553, percentage stake of the shares in the equity capital 49,58%

Votes on the resolution: 4.462.553  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 Ms Katarzyna Siedlecka- Hajbos a vote of approval on the fulfilment of duties as the Member of the Supervisory Board in the trading year 2019 for the period from 1 January 2019 to 25 June 2019.

 Total number of shares represented at the Ordinary General Meeting, from which valid votes were passed  4.462.553, percentage stake of the shares in the equity capital 49,58%

Votes on the resolution: 4.462.553  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 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 2019 for the period from 1 January 2019 to 25 June 2019.

 Total number of shares represented at the Ordinary General Meeting, from which valid votes were passed  4.462.553, percentage stake of the shares in the equity capital 49,58%

Votes on the resolution: 4.462.553  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 recalls Mr. Marek Hajbos from the Supervisory Board composition.

 Total number of shares represented at the Ordinary General Meeting, from which valid votes were passed  4.462.553, percentage stake of the shares in the equity capital 49,58%

Votes on the resolution: 4.462.553  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 recalls Mr. Wacław Andruszko from the Supervisory Board composition.

 Total number of shares represented at the Ordinary General Meeting, from which valid votes were passed  4.462.553, percentage stake of the shares in the equity capital 49,58%

Votes on the resolution: 4.462.553  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 Mr. Andrzej Szumowski into the Supervisory Board composition.

 Total number of shares represented at the Ordinary General Meeting, from which valid votes were passed  4.462.553, percentage stake of the shares in the equity capital 49,58%

Votes on the resolution: 4.462.553  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. Maciej Matusiak into the Supervisory Board composition.

 Total number of shares represented at the Ordinary General Meeting, from which valid votes were passed  4.462.553, percentage stake of the shares in the equity capital 49,58%

Votes on the resolution: 4.462.553  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 resolves to adopt the Remuneration Policy for the Members of the Company Board and Krakchemia SA Supervisory Board, which will constitute Attachment No. 1 to the resolution.

 Total number of shares represented at the Ordinary General Meeting, from which valid votes were passed  4.462.553, percentage stake of the shares in the equity capital 49,58%

Votes on the resolution: 4.280.423  votes „in favour”, 182.130  votes „against”,  0 votes „abstain”, 

RESOLUTION No.  22 Of  KRAKCHEMIA S.A. Ordinary General Shareholders Meeting      

KRAKCHEMIA S.A Ordinary General Shareholders Meeting resolves to cease to apply for its financial report the International Accountancy Standards, International Financial Accountancy Standards and the interpretations connected therewith, published in the form of regulations of the European Commission, starting from 1 January 2020. The Company financial reports starting with 1 January 2020 will be compiled in accordance with the Act of 29 September 1994 on accountancy (Dz. U. z 2019 r. poz. 351 – Journal of Laws of 2019, item 351).

 Total number of shares represented at the Ordinary General Meeting, from which valid votes were passed  4.462.553, percentage stake of the shares in the equity capital 49,58%

Votes on the resolution: 4.462.553  votes „in favour”, 0 votes „against”,  0 votes „abstain”, 

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

 

 

 29.06.2020
CURRENT REPORT No 12/2020 OF 29.06.2020.
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 29.06.2020, an annex to the credit agreement in the current account, of 2.03.2004  („The Agreement”) was signed with mBank S.A. with a seat in Warsaw („The Bank”). In accordance with the Agreement, the time of paying off the credit was prolonged till 30.09.2020.

The amount of credit in the current account and the period of credit use underwent a change: 3 350 thousand PLN in the period from 30.06.2020 till 29.09.2020.

The Company informed on the previous changes to the above-mentioned Agreement among others in the current report No. 8/2020 of 31 .03 2020, the current report No. 31/2019 of 25.09.2019 and the current report No 29/2019 of 26.07.2019.

Legal basis:
Art. 17 para  1 MAR

 

 

  2.06.2020
CURRENT REPORT NO 11/2020 OF 2.06.2020.
ANNOUNCEMENT ON CALLING THE ORDINARY GENERAL SHAREHOLDERS MEETING OF KRAKCHEMIA S.A. AS WELL AS THE DRAFTS OF RESOLUTIONS FOR THE ORDINARY GENERAL MEETING OF KRAKCHEMIA S.A.

Krakchemia S.A. Board with a seat in Kraków („The Company”), announces calling the Ordinary General Shareholders Meeting of the Company for the day 30 June 2020, at 12:00 in the Company seat in Kraków, ul. Powstania Listopadowego 14.

The full text of the announcement on calling the Ordinary General Shareholders Meeting of the Company is comprised in Attachment No. 1 of this report.

The Company Board publishes the resolution drafts for the Ordinary General Shareholders Meeting for 30 June 2020, which constitute Attachment No. 2 of this report.

The information concerning the Ordinary General Meeting on the Company website at: www.krakchemia.com.pl.

 Legal basis:
Art. 56 para. 1 item. 2) of the Act on offer– current and periodical information.

 

 

  27.04.2020
CURRENT REPORT No. 10/2020 OF 27.04.2020
INITIAL FINANCIAL RESULTS FOR 2019

KRAKCHEMIA S.A. Board  („The Company”) publishes initial, unaudited, selected and consolidated financial data of the Company for the period from 1 January 2019 to 31 December 2019:

  1. a) Net revenues from sale– 182 408 thousand PLN
  2. b) Operational loss – 10 697 thousand PLN
  3. c) Net loss – 13 009 thousand PLN

KRAKCHEMIA S.A. Board informs that the Company, in accordance with the principle of cautious assessment of the assets, created entries updating the fixed assets in the amount of 2 920 thousand PLN (verbatim: two million nine hundred and twenty thousand PLN), which have influence upon the financial result.

Krakchemia SA Board also informs that on 30 March 2020, the test on the loss of value of the taken-over company Maximex Sp. z o.o. was conducted. The Company Maximex Sp. z o.o. was covered with the acquisition by the Company, on the basis of the contract of stake sale of 7 August 2007, and subsequently it was merged with the Company. The necessity of controlling the company value results from IAS 36. The test for the loss of value was constructed on the basis of the quantative turnover in the material being the staple of the company activity i.e the plastic raw material. As a result of the fall of the quantative turnover in plastic raw material in the Company in 2019 below a threshold value described in the test for the loss of value, there ensued the necessity of a correction of the goodwill amounting to 4 862 thousand by 9% i.e. proportionally to the fall in the quantitative fall in reference to the threshold value. As a result of the executed test, the updating entry was created, amounting to 843 thousand PLN.

The change in the Company results was caused above all by the decision on the cancellation of the assets by virtue of the income tax for the years 2017, 2018 and for the half of 2019 in the total amount of 3 465 thousand. which negatively influenced the Company financial result for the year 2019, although to no extent is it related with the current financial situation. Because of the analysis of events after the balance date, the Company approaches cautiously to creating the asset by this virtue, bearing in mind that in the case of very optimistic scenarios coming true, it will still be able to make use of the subject exemptions.  The change of the hitherto position is based on the insecurity as for the development of world economy caused by the dynamic spreading of Covid-19 epidemic.

The Company Board indicates, at the same time, that the presented assessments of the financial result:

- are initial and were not subject to the examination by the expert auditor;

- were compiled on the basis of best knowledge in possession as on the day of its compilation;

- were created on the basis of an assumption that they would not disclose any circumstances that would affect the financial results after the publishing of the estimated data.

The Company Board underlines that the final results will be published in the yearly report (i.e 29 April 2020) and may differ from the indicated above financial data.

Legal basis:
Art. 17 para. 1 MAR

 

 

  31.03.2020
CURRENT ACCOUNT No 9/2020 OF 31.03.2020
INITIAL FINANCIAL RESULTS FOR 2019

KRAKCHEMIA S.A. Board („The Company”) publishes initial, non-audited, selected and consolidated financial data of the Company for the period from 1 January 2019 till 31 December 2019:

  1. a) Net revenue from sale– 183 270 thousand PLN
  2. b) Operational loss– 9 301 thousand PLN
  3. c) Net loss – 8 189 thousand PLN

KRAKCHEMIA S.A. Board informs that the Company – in accordance with the principle of cautious assessment of assets, created entries updating the fixed assets and financial assets amounting to 1 883 thousand PLN (verbatim: one million eight hundred and eighty three thousand PLN), which impact the financial results.

Krakchemia SA Board also informs that on 30 March 2020, the test for the loss of value of the taken-over company Maximex Sp. z o.o. was conducted. The Company Maximex Sp. z o.o. was covered with acquisition by the Company, on the basis of selling the stakes, as on 7 August 2007, and was subsequently merged with the Company. The necessity of controlling the Company value is based on IAS 36. The test for the loss of value was constructed on the basis of the quantative turnover with the material being the basis for the company activity i.e. plastic raw materials.  Following the fall in the quantative turnover in the plastic raw materials in 2019, below the threshold value determined in the test for the loss of value, the necessity of creating the value of goodwill amounting to 4 862 thousand by 9% appeared i.e. proportionally to the fall in the quantative fall in reference to the threshold value. As a result of the executed test, the updating entry was created, which amounted to 843 thousand PLN.

The above-presented values of the entries, totally amounting to 2 726 thousand PLN, have an estimate quality and ma undergo corrections. The final values of entries will be presented in the unitary financial report for 2019.

The Company Board simultaneously indicates that the presented financial result estimates:

- are initial and have not undergone the review by an expert auditor;

- were compiled according to the best knowledge in possession as on the day of their compilation;

- were created on the basis of the assumption, that there would appear no such circumstances, which could considerably affect the financial results after the date of the estimate values publication.

The Company Board emphasises that the final results will be presented in the yearly report (i.e. on 30 April 2020) and may differ from the indicated above initial financial data.

Legal basis:
Art. 17 para. 1 MAR

 

 

 31.03.2020
CURRENT REPOT No 8/2020 OF 31.03.2020
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 31.03.2020, an annex to the credit agreement  in the current account of 2.03.2004   („the Agreement”) was signed with mBank S.A. with a seat in Warszawa („ the Bank”). In accordance with the annex to the Agreement, the date of paying off the credit was prolonged till 30.06.2020.

The amounts of credit in the current account as well as the periods of the credit use underwent a change: (i) 3 470 thousand PLN in the period from 31.03.2020 till 29.04.2020.; (ii) 3 430 thousand PLN in the period from 30.04.2020 till 28.05.2020; (iii) 3 390 thousand PLN in the period from 29.05.2020 till 29.06.2020.

Along with the annex to the Agreement, an agreement on financial pledges on the monetary means accumulated in the bank accounts concluded with the bank was also signed..

On earlier changes to the above-mentioned Agreement, the Company informed among others in the current report No. 31/2019 of 25.09.2019 as well as the current account No. 29/2019 of 26.07.2019.

Legal basis:
Art. 17 para 1 MAR

 

 

 24.03.2020
CURRENT REPORT No 7/2020 OF 24.03.2020
MAINTAINING VALID OF A DECISION OF NACZELNIK MAŁOPOLSKIEGO URZĘDU CELNO – SKARBOWEGO (THE HEAD OF MALOPOLSKA REVENUE AND CUSTOMS OFFICE) IN KRAKOW OF 3 JULY 2019.  

Krakchemia S.A. Board with a sea in Krakow ("The Company"), in reference to the current report No.  28/2019 of 17July 2019, in which the Company informed on receiving as on  17 July 2019 of a decision of Naczelnik Małopolskiego Urzędu Celno - Skarbowego in Krakow of  3 July 2019 on determining the tax liability on the tax on products and services for the period from January to November 2014, as a result of which, there is an additional payment of  15.791 thousand PLN along with interest, informs that on 24 March 2020, the Company received the decision of  Dyrektor Izby Administracji Skarbowej (the Head of Revenue Administration Chamber) in Krakow of  9 March 2020, in which, the above-mentioned decision of the first stage body was maintained valid . The Company, relying among others on the position of the tax counsellor, does not agree with the approach expressed in the decision of the second stage body. The Company intends to undertake immediate legal action with the aim of defending its position, filing the complaint to  Wojewódzki Sąd Administracyjny (Voivoidship Administrative Court) in Krakow. The Company informs that the above-mentioned decision of the second stage body is executable.

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

 

 

 24.03.2020
CURRENT REPORT NO 6/2020 OF 24.03.2020
MAINTAINING VALID THE DECISION OF NACZELNIK MAŁOPOLSKIEGO URZĘDU CELNO – SKARBOWEGO (THE HEAD OF MALOPOLSKIE CUSTOMS AND REVENUE OFFICE) IN KRAKOW DATED AS  28 JUNE 2019.

Krakchemia S.A. Board with a seat in Krakow ("The Seat"), in reference to the current report No. 27/2019 of 1July 2019, in which the Company informed on receiving as on  1 Julyl 2019 of the decision of Naczelnik Małopolskiego Urzędu Celno - Skarbowego in Krakow of  28 June 2019 on determination of a tax liability of the tax on products and services for the period from March 2013 to November 2013, as a result of which, there is an additional ammountto be paid in the value of 16.314 thousand PLN along with interest, informs that on  24 March 2020, the Company received a decision of Dyrektora Izby Administracji Skarbowej (the Director of Revenue Administration Chamber) in Krakow, as of 9 March 2020, in which the decision of the body of the first stage was maintained as valid. The Company, relying among others on the position of a tax councellor, does not agree with the approach expressed int he decision of the body of the second stage. The Company intends to undertake immediate, further legal steps with the aim of defending its position, filing a complaint to Wojewódzki Sąd Administracyjny (Voivoidship Administrative Court) in Krakow. The Company informs that the above-mentioned decision of the body of the second stage is executable.

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

 

 

 06.03.2020
CURRENT REPORT NO 5/2020 OF 06.03.2020.
SIGNING AN ANNEX TO THE CREDIT AGREEMENT WITH ALIOR BANK S.A.

The Management Board of KRAKCHEMIA S.A. with a legal seat in Kraków („The Company”) informs that on 06.03.2020 it received information about signing the annex to the credit agreement No. U0003207958476/A for credit in the current account between Alior Bank S.A. and the Company on 27.02.2020 („The Credit Agreement”). The credit balance as of 27 February 2020 amounts to 5 753 592,51 PLN. In accordance with the annex, the date of final settlement of the loan has been prolonged until 31 December 2020. The loan will be amortised in eleven monthly instalments of 60 thousand PLN each, starting from 29 February 2020. The last instalment will settle the remaining balance.

The Company informed about previous changes in The Credit Agreement among others in current reports No. 33/2019 of 26.09.2019, 30/2019 of 29.07.2019, 9/2019 of 15.04.2019, 13/2019 of 23.04.2019, 15/2019 of 15.052019 and 26/2019 of 28.06.2019.

Legal basis:
Art. 17 para 1 MAR

 

 

 20.02.2020
CURRENT REPORT NO 4/2020 OF 20.02.2020.
SIGNING AN ANNEX TO THE CONTRACT ON THE LIMIT FOR GUARANTEES WITH ALIOR BANK S.A.

KRAKCHEMIA S.A. Board with a seat in Kraków („The Company”) informs that on 20.02.2020, information was received about signing as on 13.02.2020 of an annex to the contract on the limit for guarantees No U0003207958476/B, concluded between The Company and Alior Bank S.A. („The Contract on the Limit”). In accordance with the annex to the Contract on the Limit, the amount of the limit undergoes a changes; currently it amounts to 590.268 PLN, and the day of final paying off was established to be 28.02.2021.

The Company informed on the previous changes in the Contract on the Limit among others in the current report No. 33/2019 of 26.09.2019, the current report No. 30/2019 of 29.07.2019, in the current report No. 9/2019 of 15.04.2019 and in the current report No. 15/2019 of 15 May 2019.

The other conditions of the Contract on the Limit remain unchanged.

Legal basis:
Art. 17 para 1 MAR

 

 

 29.01.2020

CURRENT REPORT No 3/2020 of January 29, 2020
THE DATES OF PUBLISHING THE PERIODICAL REPORTS IN 2020

KRAKCHEMIA S.A. Board publishes the dates of publishing the periodical reports in 2020:

I. The dates of publishing the quarterly reports:
     1. For the 1st quarter of 2020 - May 28, 2020 (Thursday)
     2. For the 3rd quarter of 2020 - November 26, 2020 (Thursday)
 
II. The date of publishing the half-year report for the first half of 2020 – September 30, 2020 (Wednesday)

III. The date of publishing the yearly report for the year 2019 – April 29, 2020 (Wednesday)

The Company shall not publish the periodical report for the 4th quarter of 2019 and the periodical report for the 2nd quarter of 2020 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

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

 

 

 7.01.2020

CURRENT REPORT No 2/2020 OF 7.01.2020
INFORMATION ON TERMINATION OF THE CONTRACT OF THE ISSUER`S ANIMATOR

Krakchemia S.A. Board ("The Company") informs that the contract on providing services of the issuer`s animator concluded with Alior Bank S.A. - Biuro Maklerskie with a seat in Warsaw was terminated as on 31 December 2019.

Legal basis:
Art. 17 para. 1 MAR

 

 

7.01.2020

CURRENT REPORT NO 1/2020 OF 7.01.2020
INFORMATION ON THE CORRECTION TO THE PERIODICAL REPORT FOR THE 3rd QUARTER OF 2019

Krakchemia S.A. Board ("The Company") hereby conducts the correction of the wording of a quarterly report for the 3rd quarter of 2019, published on 28.11.2019. The correction contains the completion to the abridged financial report for the 3rd quarter of 2019 with selected financial data i.e. in the report on profits and loss from other total income, the Company added financial data for the current quarter ( 3rd quarter of 2019) as well as for the analogous period from the previous year in the report on the changes in own equity, the Company  presented the data increasingly for the whole quarters of 2018 analogously to 2019; in the report on the financial flow, there occurred written mistake in the heading regarding the time periods for which the financial data was presented.

In the complementary information to the report, in points 11 and 20 the Company rectified the incorrect statements.

In reference to this report, the rectified wording of the periodical report for the 3d quarter of 2019:

The abridged financial report for the 3rd quarter of 2019

Complementary information for the 3rd quarter of 2019

Legal basis:
Art. 56 para  1 item. 2 of the Act of 29.07.2005 on public offer and the conditions of introducing the financial instruments to the organised trading system and on public companies