According to the Resolution No. 18 of the Annual General Meeting of the Company as of April 17, 2014, the shares of the Company were merged (re-split) in a ratio of 5:1, i.e. the nominal value of the shares was increased from PLN 0.1 (ten cents) to PLN 0.5 (fifty cents), while the total number of shares without changing the amount of share capital was reduced.
On May 8, 2014, the District Court Gdańsk – North in Gdańsk, VIII Commercial Division of the National Court Register has registered a change in the nominal value of the shares of the Issuer in each series. by increasing from PLN 0.1 (ten cents) to PLN 0.5 (fifty cents) with a proportional reduction in the total amount of all shares of the Company from 43.612.500 (forty three million six hundred twelve thousand five hundred) shares to 8.722.500 (in words: eight million seven hundred twenty two thousand five hundred) shares, while the share capital of the Company remained unchanged (re-split of shares). As a result of registration of the change, the share capital of the Company is PLN 4,361,250 (in words: four million three hundred sixty one thousand two hundred and fifty zloty’s) and is divided into 8.722.500 (in words: eight million seven hundred
twenty two thousand five hundred) ordinary bearer shares with a nominal value PLN 0.5 (in words: fifty cents) each.
The Management Board of the National Depository for Securities S.A. (JSC) in Warsaw (hereinafter: “NDS”) with Resolution No. 485/14 as of May 21, 2014. decided to determine the day of June 4, 2014 as the day for exchange of the shares of the Issuer of up to this time registered in NDS 37,700,500 shares marked with the code PLZBMZC00019, each with a nominal value of PLN 0.10, to 7.540.100 shares, each with a nominal value of PLN 0.50.
At the same time, it stated that after the exchange operation on June 4, 2014, the 7.540.100 shares of ZBM “ZREMB-CHOJNICE” S.A. (JSC) with a nominal value of PLN 0.50 each are marked with the code PLZBMZC00019.