The act amending the Act on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organised Trading and Public Companies, and certain other acts, implemented into Polish law provisions whose main purpose is to strengthen and protect the position of shareholders of companies on the regulated market. In the legislator’s view, these mechanisms protect the interests of both the company and its shareholders, including minority shareholders who are not related parties.

These provisions require public companies to have appropriate procedures that increase the transparency of transactions with related parties.

To meet these statutory obligations and to ensure the transparency of its operations, M.W. Trade S.A. has developed and adopted a “Procedure for transactions concluded by M.W. Trade S.A. with related parties” and implemented a tool that supports their verification. In addition, the Supervisory Board of M.W. TRADE S.A. has developed and adopted a “Procedure for the Supervisory Board’s periodic assessment of material related-party transactions as to whether they are concluded on market terms in the ordinary course of business”.

Under the Act on Public Offering (Chapter 4b), the Company is required to publish on its website, https://mwtrade.pl/, information on material related-party transactions that are not exempt under the Act, no later than at the time they are concluded.

When entering into related-party transactions, the Company exercises particular care to ensure that they are concluded on market terms and in the ordinary course of business.

In December 2021 the Company entered into agreements for a share buy-back through a tender offer to subscribe for the sale of the Company’s shares (Current report No. 19/2021).