Legal basis: Article 17 sect.1 of the MAR - confidential information.
Subject: Adoption by the Company Supervisory Board of a resolution on initiating qualification proceedings in order to supplement and shape the target composition of the Company Management Board for the new term.
The Management Board of the company operating under the business name VRG Spółka Akcyjna (VRG joint stock company) with its registered office in Cracow (the "Company") hereby announces that on 21 January, 2020 it received information that the Supervisory Board of the Company on 21 January, 2020 adopted a resolution on initiating qualification proceedings in order to supplement and shape the target composition of the Company's Management Board for the new term of office (the "Resolution"):
"The Supervisory Board of the company operating under the business name VRG Spółka Akcyjna with its registered office in Cracow (referred to as the "Company"), resolves as follows:
1. Due to the resignation of the managing person, Mr. Mateusz Żmijewski, the Vice President of the Management Board of the Company, about which the Company informed in the Current Report No. 52/2019 of 30 December, 2019, as well as in connection with the coming end of the term of office of the remaining Members of the Management Board of the Company, the Supervisory Board of the Company decides to start the recruitment process aimed at completing and shaping the target composition of the Management Board of the Company for the new term.
2. The Supervisory Board hereby authorizes the Chairman of the Supervisory Board, Mr. Jerzy Mazgaj, to take all actions necessary to execute the provisions of this Resolution, including in particular to conclude and execute an agreement with an external entity, the subject of which will be searching for candidates for members of the Management Board by an appointed personal advisor specializing in recruitment processes for managerial positions.
3. The Resolution shall come into force on the date of its adoption.