Legal basis: Art. 70 item 1 of the Act on Public Offering – acquisition or disposal of a significant block of shares

The Management Board of Zakład Budowy Maszyn “ZREMB-CHOJNICE” S.A. (“Issuer”, “Company”) informs that on November 17, 2020, the Company received a notice prepared under Article 69 (1) (1) of the Act of July 29, 2005, on Public Offering and Conditions Governing the Introduction of Financial Instruments to Organized Trading and Public Companies (Journal of Laws 2018, item 512) about an increase in the share in the total number of votes at the General Meeting by the Company’s shareholder, Mr. Marcin Garus, with the following content:

“I, the undersigned Marcin Garus, acting on my behalf based on Article 69 (1) (1) of the Act on Public Offering and the Conditions for Introducing Financial Instruments to the Organized Trading System and on Public Companies (the ‘Act’), inform about the increase of the previously held share in the total number of votes at the General Meeting of ZBM ‘ZREMB-CHOJNICE’ S.A. (“ZREMB”, “Company” )above the 10% threshold.

The increase of the previously held share by 5.07% in the total number of votes at the General Meeting of the Company took place as a result of the registration of an increase in the share capital as a result of the issue of series I shares and the registration of amendments to the Articles of Association of ZREMB, resulting from the decision of the District Court Gdańsk-North in Gdańsk, VIII Economic Division of the National Court Register dated October 20, 2020, of which I became aware on November 16, 2020 (the “Transaction”).

Before the Transaction, I held 580,632 shares in the Company, entitling me to 580,632 votes at the General Meeting of ZREMB, which represented 5.06% of the Company’s share capital and 5.06% of the total number of votes at the General Meeting of ZREMB.

As a result of the Transaction, I now hold 1,275,773 shares in the Company, entitling me to 1,275,773 votes at the General Meeting of ZREMB, representing 10.13% of the Company’s share capital and 10.13% of the total number of votes at the General Meeting of ZREMB.

At the same time, I would like to inform you that other entities dependent on me do not hold any shares in the Company, nor have I entered into any agreements or contracts the subject of which would be the transfer of powers to exercise voting rights at the Company’s General Meeting of Shareholders, and that I am not entitled to additional voting rights from shares by Article 69 Section 4 items 7 and 8 of the Act on Offering.”

SIGNATURES OF COMPANY REPRESENTATIVES    

Date Name Position/Function Signature
2020-11-17 Krzysztof Kosiorek-Sobolewski President of the Management Board
2020-11-17 Marcin Garus Vice President of the Management Board