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

Good morning, Katarzyna Szwarc, Chairperson of the Extraordinary General Meeting of Bank Polska Kasa Opieki Spólka Akcyjna. I hereby open the extraordinary general meeting, after the break, that was ordered by the resolution of the 23rd of November, 2024. Today we have present or represented shareholders that represent 196,245,240 and the same amount of votes. So welcome everyone, we have shareholders here and remote shareholders as well. I am right now signing the attendance list and we are going to move on to the continuation of the agenda. Because, let me remind you that we have put a stop after -- in the fifth point, where we have the adoption of resolutions and changes in the composition of the Supervisory Board of the Bank and here is where we are going to reconvene. And of course, the lists are open for views during the meeting, so you can make yourself familiar with that list at any given moment. Okay. So the list is signed. Moving on to the continuation of the agenda. So that is adoption of resolution on changes in the composition of the Supervisory Board of the bank. Let me inform you that yesterday, there was a resignation of the Supervisory Board member that was submitted. We had the report #46/2024. Anna Wawrzynczak resigned of her position. And therefore, the composition of the Supervisory Board right now is -- composes of eight members. Do we have any candidates for the Supervisory Board? I can't see any motions. So I hereby close this point of our agenda. And we are moving on to the adoption of a resolution on the assessment of the collective stability of the Supervisory Board of Bank Polska Kasa Opieki Spólka Akcyjna. I do have this collective -- of this assessment of the collective suitability that was constructed by the company with the inclusion of the appointed Supervisory Board member that was appointed before the break, Magdalena Joanna Dziewguc, and with the consideration of the discharge of duty with the resignation that I just mentioned. According to this assessment, the collective stability of the Supervisory Board is binding and is met. Of course, should you wish to take a look into this, then please feel free to do so. Okay. So 10 minutes of a technical break. We're coming back at 10:15 so that you have time to get yourself familiarize with this assessment. [Break]

Ladies and gentlemen, welcome after the break. I understand that we can move on to the vote on the resolution of the collective suitability and it's an open vote. Please cast your votes. [Voting]

Has everyone cast their vote or has anyone been unable to cast the vote even though they wanted to? I can't see anyone. So I hereby close the voting. Thank you very much. Votes for 170,652,136 votes against 50,464,889; abstentions, 28,137,215. And thus, the resolution is adopted. Thank you very much. And we're moving on to the adoption of the resolution of incurring the cost of convening and holding the Extraordinary General Meeting. According to the proposal, we are voting on the -- incurring the cost on the company. Please cast your votes now. [Voting]

Thank you very much. Has all the shareholders entitled to cast their vote? Voted? Not yet? Then we're going to wait a second more. Yes, everyone has cast their vote. Thank you. I hereby close the vote. Thank you very much. Votes for the resolution 142,706,420 votes against 53,165,092 votes; abstentions, 382,728. And the resolution has been adopted. Thank you very much. And thus, this would conclude our meeting, and I'm closing the Extraordinary General Meeting. Thank you very much. Goodbye. [Statements in English on this transcript were spoken by an interpreter present on the live call.]