Legal basis: Art. 70 pt 1 of Ustawa o ofercie (the Act on Public Offering)
Subject: Notification regarding a significant block of shares
VRG S.A. joint stock company with its registered office in Cracow ("the Company") informs that it has received from IPOPEMA Towarzystwo Funduszy Inwestycyjnych S.A. (IPOPEMA joint stock Investment Fund Company) with its registered office in Warsaw ("the Investment Fund Company"), the information of 25 March, 2020 sent pursuant to art. 69 section 1 pt 1, and art. 87 section 1 pt 2 of Ustawa z dnia 29 lipca 2005 r. o ofercie publicznej i warunkach wprowadzenia instrumentów finansowych do zorganizowanego systemu obrotu oraz o spółkach publicznych (the Act of 29 July, 2005 on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organized Trading, and Public Companies, "the Act") that as a result of the acquisition by IPOPEMA 21 FIZ Aktywów Niepublicznych (IPOPEMA 21 FIZ Private Assets Fund) managed by the Investment Fund Company ("the Fund") of the Company's shares in a transaction conducted on the regulated market on 17 March, 2020, settled on 19 March 2020 the share of funds managed by the Investment Fund Company in the total number of votes in the Company increased above the 15% threshold in the total number of votes in the Company.
Before the above-mentioned event, all the funds managed by the Investment Fund Company held in total 34,899,415 shares in the Company, which constituted 14.89% of the Company's share capital and entitled to 34,899,415 votes, which constituted 14.89% of the total number of votes at the Company's General Meeting.
After the above-mentioned event, all the funds managed by the Investment Fund Company hold 35,918,372 shares in total, which constitutes 15.32% of the Company's share capital and entitles to 35,918,372 votes and 15.32% of the total number of votes at the Company's General Meeting.
At the same time the Investment Fund Company informed that the funds managed by the Investment Fund Company do not have any financial instruments referred to in Art. 69 b section 1 of the Act.