Current report no. [7/2017]
Date of report: 24.05.2017
Abbreviated name of the Issuer: CIECH S.A.
Subject: Appointment of Members of the Management Board for a new term of office
Legal basis: Art. 56 section 1 point 2 of the Act on Offering – current and periodic information
Contents of the report:
The Management Board of CIECH S.A. ("the Company" or "the Issuer") hereby informs that on 24 May 2017, in connection with the expiry of the current term of office of members of the Management Board as at the date of opening of the Annual Shareholders’ Meeting of CIECH S.A., convened for the purpose of approval of the financial statements for the fiscal year 2016, the Supervisory Board of the Company resolved to reappoint all current members of the Management Board for a new 3-year term of office.
The Supervisory Board resolved to reassign their existing functions to members of the Management Board, i.e. Mr Maciej Tybura – the office of the President of the Management Board, and Mr Artur Król and Mr Artur Osuchowski – the office of members of the Management Board.
These resolutions come into force on the date of their adoption, with effect as of the date of holding the Annual Shareholders’ Meeting of CIECH S.A., convened for the purpose of approval of the financial statements for the fiscal year 2016.
The curricula vitae of appointed members of the Management Board of the Company can be found on the Company's website (http://ciechgroup.com/en/relacje-inwestorskie/o-ciech/management-board/).
Furthermore, the Company informs that according to the declarations submitted by Members of the Management Board, none of them is engaged in any activity pursued in competition to the Issuer; none of them is a partner in a competitive partnership or civil-law partnership, or a member of a governing body of any competitive company or any other competitive legal entity; and none of them has been entered in the Register of Insolvent Debtors maintained pursuant to the National Court Register Act.
Legal basis: Art. 56 section 1 point 2) of the Act on Public Offering and Terms and Conditions of Trade of Financial Instruments in an Organized Trading System, as well as on Public Companies ("Act on Public Offering") and § 5 section 1 point 22) of the Regulation of the Minister of Finance of 19 February 2009 regarding current and periodic information delivered by issuers of securities and on conditions of recognition of information required under non-member state law regulations as equivalent (the "Regulation").
Signatures of persons representing the Company:
Maciej Tybura – President of the Management Board
Artur Osuchowski – Member of the Management Board
