Best practices

 

In accordance with the Regulations of the Warsaw Stock Exchange S.A. ("WSE") companies listed on the WSE main market should follow the corporate governance rules set out in the "Code of Best Practice for WSE Listed Companies". "Good Practices of WSE Listed Companies" is a set of recommendations and rules of conduct referring in particular to the bodies of listed companies and their shareholders. The WSE Rules and the resolutions of the WSE Management Board and Supervisory Board determine the manner in which listed companies provide information on the application of corporate governance principles and the scope of information provided. If a given rule is not applied by a listed company on a permanent basis or has been infringed incidentally, a listed company is obliged to provide information about this fact in the form of a current report. In addition, a listed company is required to attach to the annual report a report containing information on the scope of its application of the "Code of Best Practice for WSE Listed Companies" in a given financial year.

Wirtualna Polska Holding S.A. ("Company") strives to ensure the highest possible transparency of its activities, due quality of communication with investors and protection of shareholders' rights, also on issues not regulated by law. Therefore, the Company has taken or will take the necessary actions to fully comply with the rules contained in the "Best Practices of WSE Listed Companies".

At present, the Company, being a company listed on the WSE, applies the corporate governance principles regarding public companies listed on the WSE. From the moment of admission of the Company's shares and the rights to the Company's shares to trading on the main market of the WSE, the Management Board applies corporate governance principles in accordance with the "Code of Best Practice for WSE Listed Companies".

The WSE Rules and resolutions of the WSE Management Board and Board determine the manner in which listed companies provide information on the application of corporate governance principles and the scope of information provided. If a given rule is not applied by a listed company on a permanent basis or has been infringed incidentally, a listed company is obliged to provide information about this fact in the form of a current report. In addition, a listed company is required to attach to the annual report a report containing information on the scope of its application of the Code of Best Practice for WSE Listed Companies in a given financial year.

If the implementation of corporate governance rules will require changes to the Company's corporate documentation (including the Regulations of the Management Board and Supervisory Board Regulations) or the adoption of additional corporate documents, the Management Board will initiate necessary actions in this direction. However, it should be emphasized that the decision regarding compliance with some of the rules set out in the Good Practices will belong to the Company's shareholders and to the Supervisory Board.

Below, the Company publishes a statement on the status of application of the principles contained in the Code of Best Practice for WSE Listed Companies 2021. Moreover, each year, together with the annual report, the Company publishes a statement on the application of corporate governance rules in a given year.

WPH - WSE Best Practices 2021
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