Dematerialization of Tovildo Investments shares

As a result of the entry into force of law dated August 30, 2019 amending the act on Commercial Companies Code and certain other legislations – (Journal of Laws of 2019, item 1798), further referred to as the ‘Act’, Tovildo Investments S.A. with headquarters in Warsaw, Poland (further referred to as ‘Company’) informs shareholders that mandatory dematerialization of company shares has been introduced into the Polish legal order, which implies the replacement of the paper form of shares with an electronic record in shareholders’ register operated by the entity set out in Article 3281 § 2 of the Commercial Companies Code, as amended by the Act.

In accordance with the amendments, validity of existing share documents issued by the Company will expire by virtue of the law on March 1, 2021. After the date shares will not be a document confirming the status of shareholders’ register. Conversely, after March 1, 2026, the protection of membership rights will be lost for shareholders whose share documents were not filed with the company and were not included in the electronic shareholder register.

In terms of the aforementioned changes, the Company’s Board of Directors urges all shareholders to submit their share documents to the offices of the law firm Wądołowski i Wspólnicy sp. k., 45/49 Marszałkowska St., unit 31, 00-648 Warsaw, so that they can be converted into the form of an electronic record. Submission of share documents to the Law Firm shall be made against a written confirmation issued to the shareholder.