BPKD.L Regulatory News (BPKD)

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28.11.2019 - Report 31/2019: BlackRock, Inc. notification on reducing the voting share below the threshold of 5% of the total number of votes in the Bank

Bank Polska Kasa Opieki Spółka Akcyjna (the "Bank") hereby informs that on November 27, 2019 it received a notification from BlackRock, Inc. on reducing the voting share below the threshold of 5% of the total number of votes in the Bank, taking into account also securities lending and contracts for difference (CFD) (the "Notification").

1. The date and type of the event that leads to a change in the shareholding to which the notification relates:

According to the Notification, the change in the voting share took place on November 26, 2019 as a result of the disposal of the Bank's shares.

2. The number of shares held before the change in share and the proportion of the Banks's share capital represented by those shares, as well as the number of votes attached to those shares and their percentage share in the total number of votes:

According to the Notification before the change in the voting share the subsidiaries of BlackRock, Inc. held:

a) shares representing 4.38% of the share capital of the Bank and the total number votes in the Bank;

b) votes from shares, calculated in accordance with points (5) and (6) below, representing 0.71% of the share capital of the Bank and the total number of votes in the Bank;

c) the total number of votes, calculated in accordance with point (7) below, representing 5.09% of the share capital of the Bank and the total number of votes in the Bank.

3. The current number of shares held and the proportion of the Banks's share capital represented by those shares, as well as the number of votes attached to those shares and their percentage share in the total number of votes:

According to the Notification, the shareholding of the subsidiaries of BlackRock, Inc. is below 5.0% of the Bank's share capital and the total number of votes in the Bank.

4. Subsidiaries of the shareholder that makes the notification, which hold the Banks's shares or other instruments referred to the points (5) and (6) below:

BlackRock Japan Co., Ltd.; BlackRock Investment Management, LLC; BlackRock Investment Management (UK) Limited; BlackRock Investment Management (Australia) Limited; BlackRock International Limited; BlackRock Institutional Trust Company, National Association; BlackRock Fund Advisors; BlackRock Financial Management, Inc.; BlackRock Asset Management North Asia Limited; BlackRock Asset Management Deutschland AG; BlackRock Asset Management Canada Limited; BlackRock Advisors, LLC; BlackRock Advisors (UK) Limited; BlackRock (Singapore) Limited; BlackRock (Netherlands) B.V.

Information regarding the chain of control over the abovementioned entities by Black Rock, Inc. has been presented in the attachment to this report.

5. The number of votes from shares, calculated pursuant to Article 69b.2 of the Polish Act on Public Offering, the Conditions Governing the Introduction of Financial Instruments to Organized Trading, and on Public Companies (the "Act on Public Offering"), to whose acquisition they are entitled or obliged as a holder of financial instruments referred to in Article 69b.1 (1) of the Act on Public Offering, as well as financial instruments referred to in Article 69b.1 (2) of the Act on Public Offering which are not exercised solely by cash settlement, the type and the name of those financial instruments, the date of their expiration, and about the date or time limit within which the acquisition of shares will or may occur:

According to the Notification, the above number is below 5.0% of the share capital and the total number of votes in the Bank in connection with securities lending. Pursuant to the Notification, there is no expiry date for the above-mentioned instruments and no exercise and conversion period.

6. The number of votes from shares, calculated pursuant to Article 69b.3 of the Act on Public Offering, to which the financial instruments referred to in Article 69b.1 (2) of the Act on Public Offering refer directly or indirectly, the type and the name of these financial instruments, and about the date of their expiration:

According to the Notification, the above number is below 5.0% of the share capital and the total number of votes in the Bank in connection with contracts for difference (CFD) with cash settlement. Pursuant to the Notification, there is no expiry date for the above-mentioned instruments and no exercise and conversion period.

7. The total number of votes as indicated pursuant the points (2), (5), and (6) and its percentage share in the general number of votes:

According to the Notification, the above number is below 5.0% of the share capital of the Bank and the total number of votes in the Bank.

Legal basis: art. 70 point 1 of the Act of July 29th, 2005 on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organized Trading, and Public Companies (consolidated text: Journal of Laws of 2018, item 512)

Attachment

The attachment below presents the structure of dominant entities over direct holders of shares or other financial instruments indicated in the notification received by Bank Polska Kasa Opieki S.A. In each case, the ultimate dominant entity is indicated at the first place whereas the direct owner of the shares or financial instruments mentioned above is indicated at the end.