RB: 32/2023
Date: 25 July 2023
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 July 25, 2023 they had received an information from Generali Powszechne Towarzystwo Emerytalne S.A. with its registered seat in Warsaw (“Notifying Party”), managing Generali Otwarty Fundusz Emerytalny („Generali OFE”) about a notification pursuant to Art. 69 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 2022 item 2554 with following amendments)  (the "Act"), that on July 21, 2023 as a result of finalization of liquidation of NNLife Otwarty Fundusz Emerytalny („NNLife OFE”) by means of transfer of its assets to Generali OFE (“Liquidation”), Generali OFE’s share in the share capital in the Company and the total number of votes at general meeting of the Company held by Generali OFE increased above 5%.

Before the Liquidation, Generali OFE and NNLife OFE held jointly 274,479 shares of the Company, representing 9.36% of the share capital of the Company, entitling to 274,479 votes at general meeting of Benefit Systems, representing 9.36% of the total number of votes in the Company. Of which, Generali OFE held 54,824 shares of the Company, representing 1.87% of the share capital of the Company, entitling to 54,824 votes at general meeting of Benefit Systems, representing 1.87% of the total number of votes in the Company.

Following the Liquidation, Generali OFE holds 274,479 shares of the Company representing 9.36% of the share capital of the Company, entitling to 274,479 votes at the General Meetings of Benefit Systems, representing 9.36% of the total number of votes in the Company.

Additionally, the Notifying Party informed that:

1.    there is no subsidiary of Generali OFE, that holds shares in the Company;
2.    there is no occurrence of persons pursuant to art. 87 sec. 1 point 3 c) of the Act;
3.    the number of votes from shares, calculated in the manner specified in art. 69b sec. 2 of the Act, which Generali OFE would be entitled or obligated to acquire as a holder of financial instruments referred to in art. 69b sec. 1 point 1 of the Act, and financial instruments referred to in art. 69b sec. 1 point 2 of the Act, which are not exercised exclusively through cash settlement is zero,
4.     The number of votes from shares, calculated in the manner specified in art. 69b sec. 3 of the Act, to which the financial instruments referred to in art. 69b sec. 1 point 2 of the Act directly or indirectly relate is zero,
5.     Total number of votes held by Generali OFE calculated pursuant to art. 69 sec. 4 point 9 amounts to 274,479 votes, representing 9.36% of the total number of votes in the Company.