The share capital of the Warsaw Stock Exchange amounts to PLN 41,972,000 and is divided into 41,972,000 shares with a nominal value of PLN 1 per share. The shares include series A preferred registered shares (one share gives two votes) and series B ordinary bearer shares. 27,192,530 series B ordinary bearer shares are introduced to trading on GPW (64.79% of all shares representing 47.92% of the total vote).
Holders of series A preferred registered shares may convert series A shares to series B ordinary bearer shares. The Company’s Articles of Association impose no restrictions on the conversion of registered shares to bearer shares. Conversion of preferred registered shares to ordinary bearer shares results in a change of the number of votes conferred by each share from two votes to one vote per share. 28,000 series A preferred registered shares were converted to series B ordinary bearer shares in 2015.
GPW has no information as to agreements which could result in any changes in the future in respect of the proportions in shares held by the existing shareholders.
GPW shareholders
| Shareholder | Stake in the share capital | Votes at the General Meeting | ||
|---|---|---|---|---|
| Number of shares | Stake | Number of votes | Stake | |
| State Treasury of the Republic of Poland -preferred shares (series A) | 14 688 470 | 35.00% | 29 376 940 | 51.76% |
| Other shareholders - preferred shares (series A) | 91 000 | 0.21% | 182 000 | 0.32% |
| Other shareholders - bearer shares (free float; series B) | 27 192 530 | 64.79% | 27 192 530 | 47.92% |
| Total | 41 972 000 | 100% | 56 751 470 | 100% |
As at 31 December 2015, and as at the date of preparation of this report, to the Company’s best knowledge, the State Treasury of the Republic of Poland was the only shareholder holding directly or indirectly at least 5% of the overall number of votes at the General Meeting.
Amongst all persons managing and supervising the Company, its shares bought in public offering (25 shares) were held as at the balance-sheet date by:
- Dariusz Kułakowski, Vice-President of the Management Board,
- Wiesław Rozłucki, Chairman of the Exchange Supervisory Board,
- Andrzej Ladko, Member of the Exchange Supervisory Board.
According to the Company’s best knowledge, persons currently managing and supervising the Company do not hold shares in its subsidiaries or associates.
The Company did not purchase its own shares in 2015. The Company has no employees share scheme; accordingly, it has no control system for an employees share scheme.