Amendments to Bank Pocztowy’s Charter require a resolution of its General Shareholders’ Meeting and recording of the agreed amendments with the National Court Register. Prior to presenting the General Meeting with a draft resolution on Charter amendment, the Management Board passes a resolution regarding the proposed changes, adopting the draft resolution of the General Meeting. The draft is then presented to the Supervisory Board for approval. Pursuant to the Code of Commercial Companies, the resolution to amend the Charter is passed with the majority of three-fourths of votes. Pursuant to Article 34.2 of the Banking Law of 29 August 1997, amendments to bank’s Charter require a permission of the Polish Financial Supervision Authority if they regard:
the business name,
registered office, core business and scope of operations of the Bank,
bodies and their competencies, with special attention to competencies of Management Board members appointed with the approval of PFSA and decision-making principles, the basic organizational structure of the Bank, principles of making statements regarding property titles and liabilities, issuing of internal regulations and taking decisions to contract liabilities or use assets whose total value exceeds 5% of own funds of an entity,
operation of the internal control system,
equity and financial management principles,
preference or restriction placed on shares with regard to the voting rights.
On 20 November 2015, amendments to the Bank’s Charter approved by the General Shareholders’ Meeting on 30 June 2015 and 23 September 2015 were recorded with the National Court Register. The changes concerned the share preference and the increase in the share capital of the Company by way of issuing new C1 series ordinary registered shares in the form of a private placement.
The Charter is available on the Bank Pocztowy’s website http://www.pocztowy.pl.