Bank Polska Kasa Opieki S.A. (PEO) Earnings Call Transcript & Summary

Good morning, ladies and gentlemen. It's 10:30. My name is Radoslaw Kwasnicki. I've been appointed as a Chairman of the Ordinary General Meeting of Shareholders. And I hereby resume the meeting. I want to remind you that the adjournment was adopted in accordance with the resolution #22, and I would like to obtain information about the list of attendance of shareholders and the number of votes represented. I want to remind you that the meeting has been convened properly and is capable of adopting resolutions in accordance with the agenda. I'm waiting for the list of attendance. Ladies and gentlemen, I hereby declare I've received the list of attendance. I'm signing it, and you can see the list during the meeting. After the closing of the meeting, this list will be -- by the -- will be held by the Management Board. Today, 186,470,000 shares are represented and the number in the same -- the shares in the same number, which is [ 186,084,000 ] votes are represented. And as far as housekeeping rules are concerned, during the first part of the meeting, we've decided that the draft resolutions will not be read out because they've been published and they're on your devices -- mobile devices, so you can have a look at them during the meeting. But should you've any doubts, please tell me, ask any questions and we'll try to clarify any doubts. Another matter, all votings are taken by secret ballot, especially as they concern personnel matters. This is why in order to make sure that you cast your ballot -- your vote in the secret ballot, make sure that you do not sit next to the person neighboring you. We've enough space so you can sit comfortably, and make sure that nobody can see how you cast your vote. I can see no questions or no -- or doubts. So let us move to point 18 of the agenda. Please let me remind you that the agenda has been changed. So granting discharge will be discussed at the end. So we're coming back to the point 18. And we'll discuss the granting discharge to members of the Management Board in the previous financial year. So this is why -- so I want to remind you that you cannot cast a vote on the matter concerning you personally. So I hereby open votes on the resolution #42, concerning granting discharge to member of Management Board, Leszek Skiba, who acted as the President of the Management Board in the previous financial year. Something has changed, okay? Would you like to cast a vote? Has anyone who wanted to cast a vote, but hasn't managed to? So we've multi representatives present in the room. So I want to ask the company who provides technical services, please make sure that you open votes at the time when I read out the resolution. So I'd like to ask you again. Okay, you're still casting your votes. So once you've completed, please give me a sign with your hand. [Voting]

So have all of you managed to cast a vote? So I'm closing voting. Please give us the results. Ladies and gentlemen, the resolution has been adopted. 188,605,921 votes for, 2,985 votes against and 423,162 abstentions. Now it is time to vote on the resolution #43 on the granting discharge to Marcin Gadomski, Vice President of the Management Board in the last financial year, which I mean the period from January 1 until December 31, 2023. Should we discuss other periods, I will mention that. So you can cast your votes. The voting is open now. [Voting]

Have all of you voted? So I'm closing the voting. And please give us the results. The resolution has been adopted. We've got 188,605,121 votes for, 3,785 votes against and 423,162 votes abstained. So we've shareholders present or represented, who represent 189,032,068 votes. Thank you very much. And now it is time to vote on the next resolution #44 on granting discharge to Piotr Zborowski. Piotr Zborowsk has acted as Vice President of the Management Board of the bank during the previous financial year. [Voting]

Have all of you casted your votes? I'm closing the voting. And we're waiting for the results. The resolution has been effectively adopted. We've had 188,605,421 votes for, 3,485 votes against and 423,162 votes abstentions. Now it's time for resolution #45 for the granting discharge to Jerzy Kwiecinski, who also acted as the Vice President of the Management Board of the bank during the previous financial year. You can cast your votes now. [Voting]

Have all of you effectively casted -- cast your votes? So it's time to see the results. So the resolution has been adopted. We've got 188,605,421 votes for, 3,485 votes against, 423,162 votes abstained. Now it's time for the resolution #46 for granting a discharge to Magdalena Zmitrowicz. The secret ballot is open now, you can cast your votes. [Voting]

Have you managed to cast your votes? So the voting is closed. Let us see the results. The resolution has been adopted. We've had 188,605,121 votes for, 3,785 votes against, 423,162 votes abstained. Now it's time for resolution #47 for granting discharge to Jaroslaw Fuchs, Vice President of the Management Board of the bank during the past financial year. The voting is open. [Voting]

Have all of you cast your votes? I'm closing the voting. And we're waiting for the results. The resolution has been adopted. We've got 188,605,921 votes for, 2,985 votes against and 423,162 votes abstained. Now it's time for resolution #48 for granting discharge to Wojciech Werochowski. Now it's time to cast your votes. [Voting]

Has anyone been unable to cast their vote? Okay. And then I'm closing the voting. Let's see the results. The resolution has been adopted. Votes for 188,605,121, against 3,785 and abstentions 423,162. And now let's move on to the resolution #49 on granting the discharge to Mr. Blazej Szczecki, Vice President of the Management Board of the bank in the previous financial year. And the secret ballot is now open. [Voting]

Has anyone been unable to execute their power to vote? If not, then I'm closing the voting and let's see the results. And the resolution has been adopted. Votes for 188,605,121, against 3,785 and abstentions 423,162. Now let's move on to the resolution #50 on granting discharge to Mr. Pawel Straczynski, Vice President of the Management Board of the bank in the previous -- in the last financial year. The secret ballot is open. [Voting]

Has anyone been unable to exercise their vote -- their right to vote? If not, then I'm closing the voting and let's see the results. The resolution has been adopted. Votes for 188,605,621, votes against 3,285 and abstentions 423,162. And thus, we've concluded point 18 of the agenda. All of the members of the Board got discharged for the previous financial year. And now we'll vote on the draft of the resolution #51 on granting discharge to Madam Beata Kozlowska-Chyla, Chairwoman of the Supervisory Board of the bank in the previous financial year. And on the out of cautiousness, let me remind you that also here, we're limited to the right of exercise of the vote, right, in your own case. [Voting]