Current Report No.: 1/2023

Date of preparation: 10.01.2023

Abbreviated name of the Issuer: CIECH S.A.

Subject: Notification of exceeding the 5% threshold of the total number of votes of the Issuer

Legal basis: Article 70, point 1 of the Act on Public Offering – acquisition or disposal of a large block of shares 

Report:

The Management Board of CIECH S.A. (“Company” or “Issuer”) hereby informs that it has received a notification from Powszechne Towarzystwo Emerytalne Allianz Polska S.A. with its registered seat in Warsaw acting on behalf and for the benefit of the investment funds managed by it, that is (i) Allianz Polska Otwarty Fundusz Emerytalny [Open Pension Fund] (hereinafter “Allianz OFE”), (ii) Allianz Polska Dobrowolny Fundusz Emerytalny [Voluntary Pension Fund] (hereinafter “Allianz DFE”, and together with Allianz OFE – the “Funds”), containing information on exceeding the 5% threshold in the total number of votes of the Issuer by the Funds (pursuant to Art. 87(1)(2b) of the Act on Public Offering), which occurred as a result of the merger (that took place on 30/12/2022) of Powszechne Towarzystwo Emerytalne Allianz Polska S.A. with Aviva Powszechne Towarzystwo Emerytalne Aviva Santander S.A. managing Drugi Allianz Polska Otwarty Fundusz Emerytalny [Second Open Pension Fund] (hereinafter: “Second Allianz OFE”).

Prior to the merger, the Funds held 104,554 shares in the Company, representing 0.20% of the Company’s share capital. The shares held entitled to 104,554 votes at the Company’s General Meeting, which accounted for 0.20% of the total number of votes at the General Meeting. 

Second Allianz OFE fund held 3,284,470 shares in the Company, representing 6.23% of the Company’s share capital. The shares held entitled to 3,284,470 votes at the Company’s General Meeting, which accounted for 6.23% of the total number of votes at the General Meeting. 

The number of shares in the Company held by the Funds Allianz OFE, Allianz DFE and Second Allianz OFE after the Merger is 3,389,024 shares in the Company, representing 6.43% of the Company's share capital. The shares held entitle to exercise 3,389,024 votes at the Company’s General Meeting, which accounts for 6.43% of the total number of votes at the General Meeting. This means that, as a result of the Merger, the Funds exceeded 5% of the total number of votes in the Company.

Powszechne Towarzystwo Emerytalne Allianz Polska S.A., which jointly manages Allianz OFE, Allianz DFE and Second Allianz OFE, also informed the Company that: (i) it has no subsidiaries holding shares in the Company, (ii) there is no situation described in Article 69(4)(6) on the organisation and operation of pension funds, (iii) it also has no financial instruments referred to in Article 69b(1)(1) and (2) of the aforementioned Act. 

The Company attaches the contents of the notification.

Legal basis: Article 70 point 1 of the Act of 29 July 2005 on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organized Trading, and Public Companies – acquisition or disposal of a large block of shares

Signatures of the Company’s representatives:

Dawid Jakubowicz – President of the Management Board

Kamil Majczak – Member of the Management Board