Completion of the Ordinary General Meeting of MPR “Sarmatia” z o.o.

The Management Board of MPR “Sarmatia” sp. z o.o. informs that on July 11, 2019, the second part of the Ordinary General Meeting of the Company took place in Warsaw. The Meeting approved the Management Board’s Report on the Company’s activity in 2018, the Company’s financial statements for 2018 financial year, adopted a resolution to cover losses incurred in the previous year and a resolution regarding the continuation of the Company’s further operations. The Meeting by adopting the resolutions approved the performing by the President and Members of the Company’s Management Board their duties in 2018. The Meeting also approved the new edition of the Company’s Plan of Activity and Financial Plan for 2019. The shareholders also adopted a resolution on increasing the share capital of MPR “Sarmatia” sp. z o.o. The funds from the increased share capital of the Company will be used to continue the preparation of the construction of the Brody – Adamowo oil pipeline project.