CURRENT REPORT 17/2022

Notice under Article 69 of the Act on public offering

Only the Polish version of this document is legally binding.
This translation is provided for information only.
Every effort has been made to ensure the accuracy of this publication.

In relation to current report No. 4/2022 of 27 January 2022 concerning receipt of the notice made in connection with the acquisition, by inheritance, by Grażyna Maria Dąbrowska-Stefaniak, Monika Anna Stefaniak and Wojciech Kacper Stefaniak, as jointly authorised persons, of a total of 8,460,000 of the Company’s shares, the Management Board of INPRO S.A. [the Company, Issuer] informs that on 2 June 2022 it received a notice dated 1 June 2022 from Ms Grażyna Maria Dąbrowska-Stefaniak, Ms Monika Anna Stefaniak and Mr Wojciech Kacper Stefaniak on the execution of the agreement on unanimous voting under the shares received as part of inheritance at the General Assembly of the Company and on the pursuance of the permanent policy in relation to the Company.

In the notice sent to the Company, it is indicated that the informants, acting under Article 69 paras. 1 and 2 item 1 li. a) and Article 87 para. 1 item 5 in connection with Article 87 para. 3 of the Act of 29 July 2005 on public offering and the conditions of introduction of financial instruments into an organised trading system, and on public companies (the Act), namely Monika Anna Stefaniak on behalf of her own, of Grażyna Maria Dąbrowska-Stefaniak and Wojciech Kacper Stefaniak, jointly as the Informants) advised of the execution on 1 June 2022, between the Informants, of the tripartite written agreement concerning unanimous voting at the General Assembly and on the pursuance of the permanent policy in relation to the Company (the Agreement).

It was indicated in the notice that as at the date of filing the notice of 27 January 2022, i.e. the date of acquisition of the shares by inheritance, the Informants, as the persons jointly authorised in relation to inheritance, jointly held a total of 8,460,000 of the Company’s shares carrying the same number of votes. That number of shares constitutes 21.13 % of the share capital/total number of votes, however, Grażyna Maria Dąbrowska-Stefaniak was entitled in 4/6 part, Monika Anna Stefaniak in 1/6 part, and Wojciech Kacper Stefaniak in 1/6 part, which would respectively correspond to 5,640,000 shares falling to Grażyna Maria Dąbrowska-Stefaniak and to 1,410,000 to each of the other two persons mentioned above.

It was also stated that due to the execution of the Agreement mentioned above, the number of shares jointly held by the Informants and the shareholding proportions of those persons did not change.

As at the date of drafting the notice, the Informants as the parties to the Agreement jointly hold 8,460,000 of the Company’s shares carrying the same number of votes. That number of shares constitutes 21.13 % of the share capital/total number of votes, however, the current shareholdings of the various persons, taking into account the distribution of the estate and the registration of the shares at the accounts of those persons, is as follows:

- Grażyna Maria Dąbrowska-Stefaniak holds 5,640,000 of the Company’s shares carrying the same number of votes, which constitute 14.09 % of the share capital/total number of votes,

- Monika Anna Stefaniak holds 1,410,000 of the Company’s shares carrying the same number of votes, which constitute 3.52 % of the share capital/total number of votes

- Wojciech Kacper Stefaniak holds 1,410,000 of the Company’s shares carrying the same number of votes, which constitute 3.52 % of the share capital/total number of votes.

The Informants also advised that their subsidiaries did not hold the Company’s shares and that there exist no entities referred to in Article 87 para. 1 item 3 point c of the Act. It was indicated that the Informants and subsidiaries did not have financial instruments concerning the Company’s shares referred to in Article 69 para. 4 items 7-9 of the Act on public offering.

The full version of the notice to have been received and described above is attached to this report.

Legal grounds:

Article 70 item 1 of the Act of 29 July 2005 on public offering and the conditions of introduction of financial instruments into an organised trading system, and on public companies.