Material transactions

Information on material transactions * concluded by the Company with related parties **, pursuant to Art. 90i paragraph. 1 and 2 of the Act of 29 July 2005 on public offering and conditions for introducing financial instruments to an organized trading system and on public companies (Journal of Laws of 2005, No. 184, item 1539, as amended).

The above does not apply to:

  • transactions executed on an arm’s-length basis in the ordinary course of business of a public company;
  • transactions executed by a public company with its wholly-owned subsidiary;
  • transactions involving payment of remuneration to members of the management or supervisory boards, payable in accordance with the remuneration policy adopted by a public company;
  • transactions notified by a public company under Article 17(1) of MAR.


*Material transaction – a transaction executed by a public company with a related party where the value of the transaction exceeds 5% of total assets within the meaning of the Accounting Act.

**Related party – a related party within the meaning of international accounting standards.