ZE PAK S.A. WEBSITE

Current reports

Current reports

Current reports

Current report no. 25/2025

Disclosure of the structure of the Company's dominant entities

 

Legal basis:

Art. 17 ust. 1 MAR - informacje poufne

  

Content of the report:

With reference to Current Report No. 24/2025 dated September 27, 2025 regarding the disclosure of delayed confidential information regarding the letter received by the Company from the Solkomtel Foundation and information from the direct shareholder of the Company, i.e. Argumenol Investment Company Limited (“Argumenol”), ZE PAK SA (“Company”, “ZE PAK”) hereby informs, based on the opinion of a professional advisor received on September 26, 2025 regarding the interpretation of the data contained in the letters received from the Solkomtel Foundation and Argumenol, that:

  1. Argumenol is the direct dominant entity in relation to ZE PAK within the meaning of Article 4 section 14 letter a) of the Act of 29 July 2005 on public offering and conditions for introducing financial instruments to organized trading and on public companies ("Act on Public Offering"), because it directly holds the majority of votes at the general meeting of ZE PAK
  2. IB 8 FIZAN is the parent company of Argumenol, as it directly and indirectly holds the majority of votes in this company.
  3. IB 8 FIZAN is an indirect dominant entity in relation to ZE PAK, because it indirectly holds the majority of votes in this company.
  4. No entity above IB 8 FIZAN (including Anokymma, Enelka, Elektrim, Stasalco, or Solkomtel Foundation) qualifies as a dominant entity in relation to Argumenol or ZE PAK, in light of the exclusion in Article 4(4) of the Act of 27 May 2004 on investment funds and management of alternative investment funds ("Investment Funds Act").

Although the chain of domination over ZE PAK, in accordance with the Public Offering Act, ends with IB 8 FIZAN, in accordance with the International Financial Reporting Standards, the dominance relationships disclosed in the financial statements exist at higher levels of the group structure:

  1. Elektrim is the direct parent company of Anokymma and Enelka, as it holds 100% of the shares in both companies.
  2. Stasalco is the direct parent of Elektrim, as it directly holds a majority of the voting rights in that company. Stasalco is also the indirect parent of Anokymma and Enelka, as it indirectly holds a majority of the voting rights in those companies..
  3. The Solkomtel Foundation is the direct parent of Stasalco and therefore sits at the top of the broader corporate structure. The Solkomtel Foundation is also the indirect parent of Elektrim, Anokymma, and Enelka, as it indirectly holds a majority of the voting rights in these companies..

However, these relationships do not constitute a relationship of dominance over ZE PAK and Argumenol within the meaning of the definition of a parent entity under Article 4, Section 14 of the Act on Public Offering, due to the specific regulation contained in Article 4, Section 4 of the Act on Investment Funds.

 

However, in accordance with International Financial Reporting Standards, the parent entity of Argumenol and ZE PAK is the Solkomtel Foundation.

The above information will be appropriately presented in the financial statements and on the Company's corporate website.

 

 

 

Signatures of persons representing the Company:

Andrzej Janiszowski – President of the Management Board

Maciej Nietopiel – Vice President of the Management Board

Katarzyna Sobierajska – Vice President of the Management Board

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