Reply to the demand of the shareholder submitted in the mode of Art. 428 § 6 of the Companies’ Code
The Managing Board of Apator SA below submits the reply to the demand (intervention) of the shareholder of the Company submitted in the mode of Art. 428 § 6 of the Companies’ Code with reference to withholding of the intention to carry out by the Company the program of the buyout of own shares of the Company with the purpose to redeem and decrease the capital, of which the Issuer informed by current report No. 11/2018 of 27th February 2018.
The reply of the Managing Board of Apator SA:
The Issuer informs that, pursuant to the contents of current report No. 11/2018 of 27th February 2018 the Managing Board of the Company notified its intention to carry out the program of buyout of own shares of the Company with the purpose to redeem and decrease the initial capital.
It must be underlined here that, pursuant to the provisions of the Companies’ Code the final decision with reference to starting of the program and its shape (the amount of the resources transferred to the implementation thereof and the maximum purchase price of own shares included) lies within the exclusive competence of the General Assembly of Apator SA.
At the same time, the Managing Board informs that in case an appropriate point is included in the agenda of the General Assembly each of the shareholders present at the General Assembly of Shareholders is allowed to speak in the matter and has the right to submit their own suggestion of the resolution in this scope.
In the attachment the Issuer submits the full content of the demand.
§19 subparagraph 1 point 12 of the 19th February 2009 Regulation by the Minister of Finance on current and periodic information transferred by the issuers of securities and the conditions to recognize as equivalent the information required by the provisions of laws of non-member state (Journal of Laws of 2014, item 133).
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