Legal basis: Art. 70 pt. 1 of 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 on 28 May, 2019 it received from IPOPEMA Towarzystwo Funduszy Inwestycyjnych S.A. (IPOPEMA joint stock Investment Fund Company) with its registered office in Warsaw (“the Investment Fund Company") information sent pursuant to Article 69 section 1 item 2 and Article 87 section 1 item 2 of of Ustawa z dnia 29 lipca 2005 r. o ofercie publicznej i warunkach wprowadzania instrumentów finansowych do zorganizowanego systemu obrotu oraz o spółkach publicznych (Dz.U z 2009, Nr 185, poz. 1439 z późn. zm.) (the Act of 29 July, 2005 on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organized Trading, and Public Companies, Journal of Laws of 2009, No. 185, item 1439, as amended, "the Act"), that as a result of the disposal by the IPOPEMA 2 FIZ Aktywów Niepublicznych (IPOPEMA 2 Closed-End Investment Fund of Non-Public Assets), managed by the Investment Fund Company, of the Company's shares in a transaction conducted on the regulated market on 21 May, 2019, the share of funds managed by the Investment Fund Company in the total number of votes in the Company dropped below the 10% threshold in the total number of votes in the Company.
Before the aforementioned transaction, all the funds managed by the Investment Fund Company held 23,459,945 shares in total, which constituted 10.01% of the Company's share capital and entitled to 23,459,945 votes, which constituted 10.01% of the total number of votes at the Company's General Meeting.
After the above-mentioned transaction, all the funds managed by the Investment Fund Company hold 23,159,945 shares in total, which constitutes 9.88% of the Company's share capital and 23,159,945 votes and 9.88% 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.