ANNOUNCEMENT
In relation to shareholder’s motion received under art. 401 § 1 of Commercial Companies Code to extend the agenda of the Extraordinary General Meeting convened by the Management Board of „ELZAB” Joint Stock Company in Zabrze on 22nd September, 2010; time: 11.00 a.m, the Management Board of „ELZAB” Joint Stock Company, accepting above-mentioned motion, hereby announces changed agenda of the Extraordinary General Meeting.
The proposed agenda:
- Opening the debates of the Extraordinary General Meeting.
- Election of the Chairman of the Extraordinary General Meeting.
- Statement of the correct convening the Extraordinary General Meeting and its capability to adopt resolutions.
- Acceptance of the proposed agenda.
- Adopting resolutions on changes in the Supervisory Board.
- Adopting resolution on changes of resolution No 10 of the General Meeting dated 29th May, 1998 concerning remuneration of members of the Supervisory Board.
- Adopting resolution on changes in the Company Statute.
- Adopting resolution on covering the costs of convening and holding the Extraordinary General Meeting.
- Miscellaneous.
- Closing the debates of the Extraordinary General Meeting.
Pursuant to the requirement of art. 402 § 2 of Commercial Companies Code, The Management Board of ELZAB S.A. Computer Works hereby states the existing provisions of the Company Statute and the text of the proposed amendments:
a) The existing § 21 par. 2 section 15 of the Company Statute reading:
„15) Granting consent to the Management Board for carrying out the following procedures:
(i) Acquisition, within one or more associated transactions, the enterprise or its organized part,
(ii) Acquisition or sale of property (including the right to perpetual usufruct) or share in it,
(iii) Taking over or acquisition of stock (shares) in another company and sale of stock (shares) owned by the Company,
(iv) Incurring or granting a loan, incurring a credit, granting a guarantee or surety by the Company concerning fulfillment of the Company’s own or third party liability the unit value whereof exceeding the equivalent of PLN 50.000,00 (fifty thousand zlotys).”
Has been deleted.
b) The existing § 21 par. 3 of the Company Statute reading:
“3. The provisions of § 21 par. 2 section 15 do not release the Management Board of the duty to obtain the consent of another Company authority, if such requirement is provided in the law or this Statute.”
Has been deleted.
Jerzy Biernat Deputy Chairman of the Management Bard, CEO
Jerzy Malok Commercial Vice-President
