Report 26/2020

The fifth request for shareholders to submit non-dematerialized shares to the Company in connection with the obligation to dematerialize shares

The Management Board of EMC Instytut Medyczny SA (hereinafter: the Company), due to the fact that the Act of August 30, 2019 on amending the Code of Commercial Companies and certain other acts become effective (Journal of Laws of 2019, item 1798) hereinafter referred to as the "Act", which introduces the obligation to dematerialize company shares and means replacing paper shares documents with an electronic entry in the register of shareholders kept by the entity referred to in Art. 328 [1] § 2 of the Commercial Companies Code in the wording specified in the Act, requests all shareholders who hold shares of the Company in a non-dematerialized form (the paper shares documents) to submit the  share documents to the Company so that they can be converted into an electronic record. The submission of share documents takes place with confirmation in writing issued to the shareholder.

Furthermore, the Management Board of the Company reminds shareholders that in accordance with the introduced changes, the validity of the applicable share documents issued by the Company shall expire by operation of law on March 1, 2021. After that time, shares certificates shall no longer be documents that confirm the shareholder’s status, but only documentary evidence that is necessary to update the shareholders’ electronic register. However, after March 1, 2026, shareholders whose share certificates have not been deposited with the company and have not been entered in the electronic register of shareholders shall no longer have their membership rights protected.

Detailed legal basis:
Art. 16 of the Act of August 30, 2019 on Amending the Code of Commercial Companies and Certain Other Acts  (Journal of Laws of 2019, item 1798)