RB: 5/2022
Date: 14 January 2022
Notification of major shareholding
Legal basis: Art. 70 sec. 1 of the Act on Public Offering

Text of the report:

The Management Board of Benefit Systems S.A. with its registered seat in Warsaw (hereinafter, the “Company”, “Benefit Systems”) hereby announces that on January 14, 2022 they received from James van Bergh (“Notifying Party”), acting on his own behalf, Benefit Invest Limited with its registered seat in Dublin ("Benefit Invest") and Fundacja Drzewo i Jutro with its registered seat in Warsaw ("Foundation"), (hereinafter collectively referred to as the "Agreement") notification pursuant to Art. 69 sec. 2 point 2) in connection with art. 87 sec. 1 point 5) and sec. 3 of the Act of July 29, 2005 on public offering and conditions for introducing financial instruments to an organized trading system and on public companies (i.e. Journal of Laws of 2021, item 1983) (the "Act on Public Offering"), about a change of at least 1% of the total number of votes in the Company held by the Agreement in relation to the state indicated in the last notification submitted by the Notifying Party pursuant to the Act on Public Offering, i.e. in the notification of December 2, 2020.

The decrease in the involvement of the Agreement in the total number of votes in the Company resulted from the sale by the Notifying Party on January 13, 2022 of 16,504 shares of the Company on the regulated market of the WSE ("Transaction").

As at January 12, 2022, i.e. before the Transaction, the Agreement held 1,034,744 shares of the Company, representing 35.27% of the share capital of the Company, entitling to 1,034,744 votes at the General Meetings of Benefit Systems, representing 35.27% of the total number of votes in the Company.

After the Transaction, the Agreement holds 1,018,240 shares of the Company representing 34.71% of the share capital of the Company, entitling to 1,018,240 votes at the General Meetings of Benefit Systems, representing 34.71% of the total number of votes in the Company.

Additionally, the Notifying Party informed that:

1.    there are no subsidiaries of the Foundation, Benefit Invest and the Notifying Party (within the meaning of Article 4 Item 15) of the Act on Public Offering), that hold the shares in the Company;
2.    in relation to the Foundation, Benefit Invest and the Notifying Party there are no persons referred to in Article 87 Sec. 1 Item 3) letter c) of Act on Public Offering, and
3.    the Foundation, Benefit Invest and the Notifying Party are not entitled to votes from the shares of the Company as referred to in Article 69 Sec. 4 Items 7) - 9) of the Act on Public Offering, other than as indicated above.