| The Management Board of Gi Group Poland S.A. ("the Issuer" or the "Company") informs that today the Issuer received a letter containing a statement of the resignation of Mr. Maurizio Uboldi from his function as a Member of the Supervisory Board of Gi Group Poland S.A. with effect from today. The indicated reason for the resignation is personal reasons. In connection with the above, the Supervisory Board of the Issuer today adopted a resolution on co-opting of Mr. Robert Kenedi as a new Member of the Supervisory Board of the Company in place of the resigning Member of the Supervisory Board. The resolution came into force upon its adoption. Mr. Robert Kenedi, stated that he was not aware of any circumstances that would make the appointment of a Member of the Supervisory Board of Gi Group Poland S.A. would violate the law or the Company's Articles of Association. Moreover, Mr. Robert Kenedi stated that: (i) does not conduct any activity competitive to the Company in any form specified in art. 380 § 1 of the Commercial Companies Code; (ii) is not entered in the Register of Insolvent Debtors kept pursuant to the provisions of the Act of August 20, 1997 on the National Court Register (consolidated text: Journal of Laws of 2007, No. 168, item 1186, as amended). Mr. Robert Kenedi has over 30 years of experience in investment banking, fund management, principal investing and executive management across Central and Eastern Europe, the German speaking countries and the UK. He has extensive experience in non-executive and senior advisory positions as well as turnaround/restructuring expertise for owner-managed conglomerates. In October 2020, Mr. Robert Kenedi was nominated to serve as Managing Director in Gi Group Poland S.A.’s majority-owned Hungarian subsidiary, Prohumán 2004 Kft. He served in this position until the sale of Prohumán by Gi Group Poland in January 2022. Mr. Robert Kenedi is the Chairman of Redline Capital Management S.A., a privately-owned CSSF-regulated asset management firm based in Luxembourg with AUM in excess of USD 550 million. He has been a member of the Board of Directors of Redline since 2012. From 2006 to 2008, he was a Partner in Saginaw Capital LLP, a London-based hedge fund management firm with an event-driven hedge fund focused on European small and mid cap companies, combining rigorous value investing with friendly activist approach to unlocking deep value gaps. As CEO of Fotex Rt. from 2002 to 2006, Mr. Robert Kenedi led the restructuring and turnaround of this Hungarian conglomerate with EUR 130 million in turnover and 2,800 employees. Fotex was publicly-listed on the Budapest, Vienna and Frankfurt Stock Exchanges. Mr. Robert Kenedi led Fotex’s first expansion internationally and restructured the group through the disposal of certain loss-making non-core subsidiaries, implementing cost cutting and downsizing measures in certain business lines and making prudent acquisitions (primarily to enhance Fotex’s significant real estate portfolio). Prior to joining Fotex, Mr. Robert Kenedi managed a EUR 40 million long/short equity fund investing primarily in Western European publicly-listed companies. Previously, Mr. Robert Kenedi was a founding partner of MeesPierson EurAmerica, an investment banking firm specializing on Central and Eastern Europe with offices in Budapest, Warsaw, Prague and Moscow that was acquired by ABN AMRO Bank N.V. He began his investment banking career with Salomon Brothers in London. Mr. Robert Kenedi graduated with a B.Sc. in Economics from the London School of Economics. Legal basis: - article 56 section 1 item 2 of the Act on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organized Trading and Public Companies (Dz.U. no 185, item 1439 of 2009 as amended); - § 5 item 5 of the Ordinance of the Minister of Finance dated 19th February 2009, on current and periodic information submitted by issuers of securities and conditions for recognizing as equivalent information required by laws of non-member state. Signatures: Antonio Carvelli – Vice - President of the Management Board Paolo Caramello – Vice-President of the Management Board | |
