FSE Holding SA – kampania crowdinvestingu – FSE Holding SA – zbuduj z nami elektromobilnego vana made in Poland! Przed Tobą niezwykła okazja na rodzimą inwestycję w branży motoryzacyjnej. Dołącz do FSE – pierwszej Polskiej firmy, która już dziś wprowadza na rynek ekologiczne pojazdy dostawcze z napędem elektrycznym.

FSE Holding SA

FSE Holding SA

We are offering you an investment that has both – economical AND ecological impact:
You have a unique opportunity for an investment in the growing Polish automotive industry. Join FSE – the first Polish company that is ready to introduce green electric vans to the market today, in a segment that is forecasted to see a dynamic growth over the next years. Electromobility is changing the global automotive industry and is just reaching the van segment. Join the business of the Polish pioneer in this market, which will strengthen the position of Poland as the 5th largest European producer of Commercial Vehicles.

Ecological requirements and care for natural resources have strengthened the trend of electric vehicles over the past several years, particularly in urban areas. The era of cars for gasoline and oil is gradually becoming a thing of the past and the electric revolution in the automotive industry is happening right before our eyes. FSE electric vans meet the target of CO2 free and noise reduced urban transport of goods, materials, people and services.

Challenges

We create a Polish signature on the market of electric vans
We drive the trend for green urban professional transport

European cities are familiar with the problem of smog and more and more of them establish a ban on combustion vehicles in city centers by introducing zero-emission means of transport into the communication network. This year, in seven German cities, incl. Berlin, Hamburg, Stuttgart, Cologne and Essen driving bans were introduced for cars with diesel engines that do not meet specific emission standards. Amsterdam already has five zones where vehicles causing environmental pollution are banned, while the number of stations where an electric vehicle can be recharged is about 4,000. In 2030, the city plans to introduce a ban on all high-emission vehicles. Similar actions were or will be taken until 2025/30in Athens, Paris, Madrid, Brussels, Copenhague, Brussels, Milan, Mexico City to name just a couple of them.

While private passenger car drivers will have plenty alternative urban transport solutions, like public transportation, professional drivers depend on Electric Light Commercial Vehicles for executing their professional transport of goods, material, tools, people to solve citizens daily needs.

FSE Solutions

Commercialization of the first Polish electric delivery vehicle for urban
and sub-urban transport of goods, materials, tools, people and services

A lot earlier than others FSE realised the true potential of electric Light Commercial Vehicles for professional urban CO2 free transport.

The idea of ​​electromobility in the field of delivery vehicles is a promising niche. In 2013, Thomas Hajek (an experienced manager who has been dealing with management in the automotive industry for over 25 years, gained in leading automotive brands, like Fiat, Maserati, Ford Group and Wielton), together with his team, developed the assumptions for the development of e-mobility and mass production of electric vehicles.
In the same year, FSE started its research and development activities in the area of electric vehicles, gradually increasing technological complexity, from electric two-wheelers, to the first Polish prototype of electric passenger car – FSE 01, presented to the public in spring 2017.

Based on a comprehensive research study, the deep know-how of FSE and the company vision, FSE was chosen from the EU/NCBiR (National Center of Research & Development) to participate in the prestigious INNOmoto program. Although still a Small Medium Enterprise (SME), FSE project was ranked amongst the top ten applications, leading to a EU funded support of the 6,6 mln PLN project to develop innovative e-mobility solutions for three different sized electric Light Commercial Vehicles in the category up to 3.5 t Gross Vehicle Weight.

Since then, FSE has been involved in projects related to ecological transport for several years and conducts audits in the field of changing the combustion fleet to electricity. The company can help local governments and companies introduce electric cars from their product portfolio to their fleet.

Innovation

Focus on innovation

The real challenges in the development of electric vehicles are in the highly complex area of the electronic/electric components, the seamless and efficient communication and energy flow between them and their intelligent integration into the (mainly) mechanical vehicle platform.

Technical innovations:
Since the beginning of its activities, FSE has focused on the development and/or integration of not only taylor made electric engines and traction battery, but in particular on several innovative solutions that will be available in series or optional:

• Automatic charging is a novelty (without any physical intervention by the user), developed by our partner DAZE Technologies. Research shows that over fifty percent of those polled would prefer not to touch the cables while charging. The offered solution completely eliminates this aspect. FSE is the first producer offering this solution to its customers.

• One of the strengths of FSE vehicles are efficient solar panels installed in them, which allow them to obtain additional energy from the sun, thus increasing the driving range of the vehicle.

• Another strong point is the analysis of energy flow in the vehicle and bi-directional charging i.e. the ability to give energy to the transmission network (so-called Vehicle to Grid).

About FSE

What makes FSE different?

FSE strategy is based on clear principles:

Experience – Over 25 years of experience in the European transport and logistics industry of cars, trucks and light commercial vehicles. Since 2013, the company has been developing competences in the design and production of electric vehicles. Thanks to this, its team knows perfectly well what are the professional needs of clients – institutions and business – regarding the future of urban and suburban transport.
Defined supply chain – Interviews with numerous potential suppliers in Poland and abroad have resulted in a database of professional partners created for the needs of further design work, production and commercialization of solutions.
Prospective market – Electric commercial vehicles are currently at an early stage of development. They are a market niche that will develop in the future, and FSE has a chance to become one of the market drivers.
European trends – The company is part of the European idea of ​​electromobility, already implemented at the level of the European Union and national legislation. Thanks to its presence at key trade fairs and events around the world, the company fully understands and shares the vision of eco-friendly green urban transport
Production capabilities – Thanks to its lean organisational set up FSE has access to great production capabilities (up to 1000 vehicles in the first year) after the implementation of the first vehicle (FSE M).
Innovation – The company has developed innovative solutions, improving comfort and efficiency of the charging process of electric vehicles such as bi-directional charging (Vehicle to Grid), integration of photovoltaic panels, automatic charging system and a dedicated vehicle monitoring online application.
Knowledge – Market research has been conducted at FSE to precisely analyse the expectations and needs of future customers and the products offered are a response to current market needs.
Showcase of Poland’s success in the electromobility industry – The company plans to provide a range of three electric delivery vehicles with a GVW up to 3.5 t in the perspective of one year, which will constitute Poland’s showcase on the electric vehicle market.
Modularity – FSE’s e-mobility solutions will be available on the after-market to retrofit current running fleet of light commercial vehicles.

Products

It´s all about business – Meeting the needs of professional customers

FSE’s experts have analysed the needs and requirements of professional drivers and companies in the field of light commercial vehicles. The main parameters of the company’s vehicles are:

Cargo space
The e-mobile solutions used for vehicles with a load space from 1 to 15 m3 are a unique offer on the European market.
Payload
FSE’s vehicles are intended for loading and transporting from small items such as courier shipments, spare parts, tools, food, to large packages, pallet goods, heavy tools and machines.
Safety
FSE’s vehicle platforms meet the sky-high EU standards for the N1 vehicle category (with a maximum weight of up to 3.5 t).
Comfort and design
E-mobile platforms have been created in accordance with the highest standards and the latest trends in the design of new multimedia and navigation systems.
Low cost of vehicle operations
Fully electric FSE’s vehicles guarantee low energy consumption and save maintenance and repair costs. The concept of a second battery life affects the high residual values of the vehicle.

One size does NOT fit all ! – Technical parameters of cars

Based on the very specific requirements of professional van drivers, FSE will offer a complete, widest range of electric vehicles on the Polish market. The company’s products meet all the needs of institutional clients, such as municipalities, utilities, as well as transport and service companies (bakery, craftmen)

Development

Development plans for FSE Holding SA

The commercialization project of the FSE electric delivery vehicle focuses on the creation of three delivery vehicles (small, medium, large) in the category up to 3.5t. The company is also developing several additional elements to meet high technological expectations on the market.

FSE has a ready development plan and has taken important steps towards achieving the goal. Contacts with local administration have been initiated in several districts. Ultimately, the construction of the assembly factory is planned in order to support the strong growth expected from 2021/22 onwards. In this development step processes of a lean Factory concept will be implemented with computer-aided production principles. This will allow to optimize costs and have a real impact on the cost of the final product.

Market outlook – The dynamic development of electromobility is conducive to us

Government regulations, such as the introduced Act on electromobility and alternative fuels of 22/02/2018, allowing, among others, the possibility of free parking in paid parking zones and the use of the so-called bus lanes by cars with purely electric drive as an incentive to use this type of vehicles, which can significantly affect the decision to introduce electric cars to the fleet.

The total market for light commercial vehicles with a total gross vehicle weight of up to 3.5 tons (LCV) in Europe is about 2.1 million units per year, with a tendency for further growth dictated by, among others an increase in transport due to the growing internet sales. All major international research and consulting companies (McKinsey, Boston Consulting Company, PWC, Bain, Bloomberg etc.) forecast the share of electric vehicles in the European light commercial vehicle segment between 40% and 56% by 2040!

It is worth noting that over time electric light commercial vehicles will have the largest share in their segment after buses.


Combining these two data, it is expected that the market to achieves sales of light commercial vehicles in the amount of 800 000 – 1 100 000 units per year by 2040.

Team

The strength of FSE is people!

  • Thomas Hajek

    Founder and managing partner FSE Holding SA

    An experienced manager in the automotive segment. For over 25 years he has been involved in project management in the automotive industry and the development of distribution organizations in Europe. He built a network of Fiat Group dealers in Poland and a distribution network of Mazda Motors Europe. Managing Director of Fiat Professional Europe (2004-2009). Managing Director of Maserati Europe (2009-2011). Executive Vice President of Wielton S.A (2014-2016). Over 11 years of experience in e-mobility solutions. Member of the advisory board in several automotive factories.

  • Rafał Olejnik

    Director for business development

    E-mobility market expert. Over 10 years of experience in sales and business relations. Responsible for relations with key suppliers and public institutions. Market research and development of the electric bicycle sales network in Poland (since 2013). Implementation of Mystery Shopping projects for the needs of the automotive market. Implementation of projects related to e-mobility in Poland: bicycles, scooters, electric cars (from 2013). Coordinator of the prestigious NCBR project - INNOmoto (E-Commercial Vehicle).

  • Sławomir Śmiałowicz

    Finance and accouting

    A financial advisor with extensive experience in finance and accounting, restructuring and obtaining financing. Practical management experience at the levels of the supervisory board, company management board and financial director. During 25 years of professional activity, he has implemented several hundred consulting projects for nearly 300 diverse clients. He worked, among others in PPABank and mBank group. A graduate of the Cracow University of Economics and a scholarship holder of the EU Tempus program at the University of Dundee, (UK).

News

Added on January 10, 2020.

Joanna Zientarska interviews Łukasz Żurek, the President of SIXT Poland, the largest car rental brand in Poland about:
– the need of CO2 reduction,
– electric vehicles in his fleet,
– cost advantages of electric vehicles,
– professional know how in the area of e-mobility in Polish companies:

Added on January 8, 2020.

Joanna Zientarska interviews Piotr Kowalski, the President of WIELTON Investment, part of one of the largest European producers of Semi-trailer and Vice-President of Silesian Aviation Cluster about:
– The new role of e-mobility within the Cluster importance for innovation,
– The co-operation of the Cluster with FSE, Polish producer of electric light commercial vehicles,
– Opportunities for Polish automotive companies to conquer the e-mobility market,
– His driving experience with FSE electric light commercial vehicles:

Added November 28, 2019

Watch the interview of Joanna Zientarska with the investor FSE Holding SA Krystian Poloczek and find out why he chose this investment.

Added November 26, 2019

Watch the interview of automotive journalist Jonanna Zientarska with Ralph Meunzel and learn how he perceives FSE Holding SA activities on the European market.

Added November 26, 2019

Watch the interview of Jonanna Zientarska with Juan José de Vicente Caballero and learn how Spanish investors perceive the Polish automotive market.

For Shareholders

Added September 10, 2021

ANNOUNCEMENT ON CONVENING THE ORDINARY GENERAL MEETING OF FSE HOLDING SA

The Management Board of FSE Holding Spółka Akcyjna convenes the Ordinary General Meeting (EGM) of FSE Holding S.A. on September 30, 2021 at 2:00 p.m. The Ordinary General Meeting will be held at the Notary's Office Konrad Małachwiej in Bielsko-Biała, at ul. 3 Maja 19.

Agenda:
1. Opening of the Extraordinary General Meeting.
2. Election of the Chairman of the Meeting.
3. Confirmation that the Extraordinary General Meeting has been duly convened and is capable of adopting resolutions.
4. Adopting a resolution on the selection of the entity maintaining the register of shareholders.
5. Adopting a resolution on amending the Articles of Association and authorizing the Supervisory Board to draw up a uniform text of the Articles of Association.
6. Adopting a resolution on appointing one member of the Supervisory Board.
7. Free applications.
8. Closing of the meeting.

1. Opening of the Annual General Meeting,
2. Election of the Chairman of the Annual General Meeting,
3. Confirmation that the Annual General Meeting has been duly convened and is capable of adopting resolutions,
4. Presentation and adoption of a resolution on the approval of the Company's financial statements for the first financial year ending on December 31, 2020,
5. Presentation and adoption of a resolution on the approval of the Management Board's report on the Company's operations for the first financial year ended on December 31, 2020,
6. Presentation of the Company's Supervisory Board report on the results of the Company's financial statements assessment for the first financial year ended on December 31, 2020, and the results of the assessment of the Management Board's report on the Company's operations for the first financial year ended December 31, 2020.
7. Presentation of the Management Board's proposal to cover the loss incurred and adoption of a resolution to cover the loss.
8. Adoption of resolutions on granting discharge to members of the management board for the first financial year.
9. Adoption of resolutions on granting a vote of approval to supervisory board members for the first financial year.
10. Any other business.
11. Closing of the Annual General Meeting.

In accordance with Art. 406 §1 of the Commercial Companies Code, the Shareholders may participate in the General Meeting, as well as pledgees and users who are entitled to vote, if they have been entered in the register of shareholders at least one week before the general meeting.

In accordance with Art. 407 §1 of the Commercial Companies Code, the list of shareholders entitled to participate in the Ordinary General Meeting signed by the Management Board will be made available three business days before the Ordinary General Meeting of Shareholders at the Company's seat, from 10:00 to 16:30.

A shareholder may view the list of shareholders at the registered office of the Company and request a copy of the list with reimbursement of the costs of its preparation. A shareholder has the right to request copies of motions on matters included in the agenda within one week before the general meeting.

In accordance with Art. 412 §1 of the Commercial Companies Code, a shareholder may participate in the General Meeting in person or through a proxy. The power of attorney, otherwise null and void, should be made in writing. The proxy will be allowed to participate in the Ordinary General Meeting after presenting the power of attorney in writing. Shareholders and proxies representing legal entities are required to have a copy of the current excerpt from the National Court Register.

The Management Board, as convening the Ordinary General Meeting, does not provide for the possibility of participating in the General Meeting by means of electronic communication, speaking during the General Meeting by means of electronic communication, or exercising voting rights by means of electronic communication. The Company's regulations do not provide for the possibility of voting at the General Meeting by correspondence.

ANNOUNCEMENT HAS ALSO BEEN SENT TO ALL SHAREHOLDERS BY EMAIL.

Added March 11, 2021

STARTING THE REGISTER OF SHAREHOLDERS

The company FSE Holding SA informs that from March 1,2021 the Register of Shareholders of FSE Holding SA has been operating, kept by Brokerage House BDM SA with its registered office in Bielsko-Biała.

Each shareholder may gain access to the Register after completing, signing and sending the attached Shareholder’s Delaration to the e-mail address jacek.sewera@bdm.pl. The e-mail message should also include the following: "I am a shareholder of FSE Holding SA with its registered office in Bielsko-Biała, for which the Brokerage House maintains the Register of Shareholders. I am asking for access to the Registry ”.

Added January 12, 2021

FIFTH AND THE LAST ONE CALL TO SUBMIT SHARE DOCUMENTS IN THE COMPANY

The Management Board of the company under the name FSE Holding SA. with headquarters in Bielsko-Biała, ul. Prof. Dr. Mieczysława Michałowicza 12, 43-300 Bielsko-Biała (hereinafter referred to as the "Company"), in connection with Art. 16 of the Act of August 30, 2019 amending the Code of Commercial Companies and certain other acts (Journal of Laws of 2019, item 1798), calls on the Company's shareholders who hold undematerialized shares of the Company A, B and C series to submit documents of these shares at the seat of the Company. Documents could be sent by post to the address of FSE Holding SA., ul. Sarni Stok 93/610, 43-300 Bielsko-Biała, Poland with the annotation „Documents of shares" or submitted in person at the above-mentioned address during the working hours of the Company's office, upon prior arrangement of the date of the meeting by e-mail inwestorzy@fs-e.pl. The submission of share documents in the Company takes place upon a written confirmation issued to the shareholder. This call is the fifth of the five required by the aforementioned law. The announcement was also sent to the shareholders via e-mail to the e-mail addresses indicated by them.

Added December 23, 2020

CHRISTMAS WISHES TO ALL SHAREHOLDERS

The Management Board of the company under the name of FSE Holding SA. wishes to all Shareholders a Merry Christmas and Happy New Year. At the same time, we would like to inform you that the INNOmoto project, co-financed by the National Center for Research and Development based in Warsaw, has been completed, under which three light electric commercial vehicles have been developed. We encourage you to watch the film material summarizing the project https://www.youtube.com/watch?v=uXLgD4Byvhs&t=424s.

Added December 22, 2020

FOURTH CALL TO SUBMIT SHARE DOCUMENTS IN THE COMPANY

The Management Board of the company under the name FSE Holding SA. with headquarters in Bielsko-Biała, ul. Prof. Dr. Mieczysława Michałowicza 12, 43-300 Bielsko-Biała (hereinafter referred to as the "Company"), in connection with Art. 16 of the Act of August 30, 2019 amending the Code of Commercial Companies and certain other acts (Journal of Laws of 2019, item 1798), calls on the Company's shareholders who hold undematerialized shares of the Company A, B and C series to submit documents of these shares at the seat of the Company. Documents could be sent by post to the address of FSE Holding SA., ul. Sarni Stok 93/610, 43-300 Bielsko-Biała, Poland with the annotation „Documents of shares" or submitted in person at the above-mentioned address during the working hours of the Company's office, upon prior arrangement of the date of the meeting by e-mail inwestorzy@fs-e.pl. The submission of share documents in the Company takes place upon a written confirmation issued to the shareholder. This call is the fourth of the five required by the aforementioned law. The announcement was also sent to the shareholders via e-mail to the e-mail addresses indicated by them.

Added December 8, 2020

THIRD CALL TO SUBMIT SHARE DOCUMENTS IN THE COMPANY

The Management Board of the company under the name FSE Holding SA. with headquarters in Bielsko-Biała, ul. Prof. Dr. Mieczysława Michałowicza 12, 43-300 Bielsko-Biała (hereinafter referred to as the "Company"), in connection with Art. 16 of the Act of August 30, 2019 amending the Code of Commercial Companies and certain other acts (Journal of Laws of 2019, item 1798), calls on the Company's shareholders who hold undematerialized shares of the Company A, B and C series to submit documents of these shares at the seat of the Company. Documents could be sent by post to the address of FSE Holding SA., ul. Sarni Stok 93/610, 43-300 Bielsko-Biała, Poland with the annotation „Documents of shares" or submitted in person at the above-mentioned address during the working hours of the Company's office, upon prior arrangement of the date of the meeting by e-mail inwestorzy@fs-e.pl. The submission of share documents in the Company takes place upon a written confirmation issued to the shareholder. This call is the third of the five required by the aforementioned law. The announcement was also sent to the shareholders via e-mail to the e-mail addresses indicated by them.

Added November 24, 2020

SECOND CALL TO SUBMIT SHARE DOCUMENTS IN THE COMPANY

The Management Board of the company under the name FSE Holding SA. with headquarters in Bielsko-Biała, ul. Prof. Dr. Mieczysława Michałowicza 12, 43-300 Bielsko-Biała (hereinafter referred to as the "Company"), in connection with Art. 16 of the Act of August 30, 2019 amending the Code of Commercial Companies and certain other acts (Journal of Laws of 2019, item 1798), calls on the Company's shareholders who hold undematerialized shares of the Company A, B and C series to submit documents of these shares at the seat of the Company. Documents could be sent by post to the address of FSE Holding SA., ul. Sarni Stok 93/610, 43-300 Bielsko-Biała, Poland with the annotation „Documents of shares" or submitted in person at the above-mentioned address during the working hours of the Company's office, upon prior arrangement of the date of the meeting by e-mail inwestorzy@fs-e.pl. The submission of share documents in the Company takes place upon a written confirmation issued to the shareholder. This call is the second of the five required by the aforementioned law. The announcement was also sent to the shareholders via e-mail to the e-mail addresses indicated by them.

Added November 10, 2020

FIRST CALL TO SUBMIT SHARE DOCUMENTS IN THE COMPANY

The Management Board of the company under the name FSE Holding SA. with headquarters in Bielsko-Biała, ul. Prof. Dr. Mieczysława Michałowicza 12, 43-300 Bielsko-Biała (hereinafter referred to as the "Company"), in connection with Art. 16 of the Act of August 30, 2019 amending the Code of Commercial Companies and certain other acts (Journal of Laws of 2019, item 1798), calls on the Company's shareholders who hold undematerialized shares of the Company A, B and C series to submit documents of these shares at the seat of the Company. Documents could be sent by post to the address of FSE Holding SA., ul. Sarni Stok 93/610, 43-300 Bielsko-Biała, Poland with the annotation „Documents of shares" or submitted in person at the above-mentioned address during the working hours of the Company's office, upon prior arrangement of the date of the meeting by e-mail inwestorzy@fs-e.pl. The submission of share documents in the Company takes place upon a written confirmation issued to the shareholder. This call is the first of the five required by the aforementioned law. The announcement was also sent to the shareholders via e-mail to the e-mail addresses indicated by them.

Added November 9, 2020

CHOICE AND CONCLUSION OF AN AGREEMENT WITH AN ENTITY KEEPING THE REGISTER OF THE COMPANY'S SHAREHOLDERS

FSE HOLDING SA. informs that on November 4, 2020 at the General Meeting, the Management Board of FSE Holding SA. selected the entity keeping the Register of Shareholders in connection with the obligation to dematerialize the shares. The Management Board of the FSE Holding SA. signed an agreement with Dom Maklerski BDM SA. with its office in Bielsko-Biała, ul. Stojałowskiego 27, 43-300 Bielsko-Biała, Poland entered into the Register of Entrepreneurs kept by the District Court in Bielsko-Biała, VIII Commercial Division of the National Court Register under the KRS number: 0000008665, NIP: 5470244972, REGON: 070425363.

The Rules for keeping the register and the Table of Fees are made available to shareholders. Shareholders are also asked to download the Shareholder's statement, fill it in and send it to the correspondence address of BDM SA.

Added October 16, 2020

NOTICE ON CONVENING THE GENERAL MEETING OF SHAREHOLDERS

Due to procedural doubts, the General Meeting of Shareholders on Spetember 29, 2020 has not adopted any substantive resolutions.

The Management Board convenes an Extraordinary General Meeting (EGM) of FSE Holding S.A. as of 04.11.2020r. at 3 p.m. The EGM will be held at the Kancelaria Notarialna Małachwiej in Bielsko- Biała, ul. 3 maja 19, with the following agenda:

1. Opening of the meeting
2. Selection of the chairman
3. Confirmation that the EGM has been duly convened and is capable of adopting resolutions
4. Selection of the entity keeping the register of shareholders
5. Amending the Company's Articles of Association and authorizing the Supervisory Board to draw up a uniform text of the Articles of Association
6. Changes in the composition of the Supervisory Board
7. Free applications
8. Closing of the meeting

Persons authorized under registered shares and temporary certificates as well as liens and users who are entitled to vote, have the right to participate in the meeting if they have been entered in the share register at least one week before the meeting is held.

Information on convening the EGM was also sent to all shareholders by post.

Added September 7, 2020

NOTICE ON CONVENING THE GENERAL MEETING OF SHAREHOLDERS

The Management Board convenes an Extraordinary General Meeting (EGM) of FSE Holding S.A. as of 29.09.2020r. at 5 p.m. The EGM will be held at the Kancelaria Notariusza Anna Lubieńska Marta Figurska s.c., ul. Przyokopowa 33, building C, floor VIII, Warsaw, with the following agenda:

1. Opening of the meeting
2. Selection of the chairman
3. Confirmation that the EGM has been duly convened and is capable of adopting resolutions
4. Selection of the entity keeping the register of shareholders
5. Change of the statute
6. Changes in the composition of the Supervisory Board
7. Free applications
8. Closing of the meeting

Persons authorized under registered shares and temporary certificates as well as liens and users who are entitled to vote, have the right to participate in the meeting if they have been entered in the share register at least one week before the meeting is held.

Information on convening the EGM was also sent to all shareholders by post.

Added July 16, 2020

REGISTRATION OF C SERIES OF SHARES IN THE CORPORATE REGISTRY KRS

FSE HOLDING S.A. informs that on July 10, 2020, series C shares were entered into the Corporate Registry KRS. From today, the Company will issue share documents at the request of the Shareholders. However, due to the obligation to dematerialize the shares, the Company recommends not collecting the share documents due to the need to re-submit them to the Company.

Added June 19, 2020

REGISTRATION OF C SERIES OF SHARES IN THE CORPORATE REGISTRY KRS

FSE HOLDING S.A. informs that the documents necessary for registering series C shares in the Corporate Registry KRS have been submitted to the Corporate Registry KRS in due time. The Company is currently awaiting entry in the Register.

Added June 19, 2020

NEW OBLIGATION ON JOINT-STOCK COMPANIES AND LIMITED JOINT-STOCK PARTNERSHIPS - DEMATERIALIZATION OF SHARES

The amendment to the Commercial Companies Code introduced a wide package of changes for all joint-stock companies and limited joint-stock partnerships. One of the most important is the mandatory dematerialisation of shares, as a result of which on March 1, 2021, shares in documentary form will be withdrawn from trading. Mandatory dematerialisation of shares was introduced by the Act of August 30, 2019 amending the Act - the Commercial Companies Code and some other acts (Dz. U. 2019 poz. 1798).

In practice, dematerialization means replacing the material form of securities with an entry in the IT system- the Register of Shareholders.

The registration obligation applies not only to new issue shares, but also to all shares in joint stock companies and limited joint-stock partnerships so far not dematerialized.

In order to comply with the introduced changes, the Company must take the following actions:

  1. Creating a new website or creating a section on the existing website for communication with shareholders. All announcements from the Company will be posted here. The Company recommends that all Shareholders follow the information posted on a regular basis.
  2. Selection of the entity keeping the Register of Shareholders. The Register of Shareholders must be kept by an entity which, pursuant to the Act of 29 July 2005 on trading in financial instruments, is authorized to keep securities accounts (custodian bank, entity authorized to brokerage activities). The Company cannot run it on its own. The entity is selected at the General Meeting of Shareholders. The announcement on convening the General Meeting will be published on the Company's website in the near future.
  3. Conclusion of an agreement with the entity managing the Register of Shareholders selected at the GMS. The Management Board will conclude an agreement with the entity selected by the General Meeting immediately after making the selection.
  4. The first call of Shareholders to submit share documents in the Company. The Company must make five such calls with an interval of at least every two weeks, maximum every month (even if all share documents have already been submitted to the Company). In connection with this obligation, the Company recommends that Shareholders not collect share documents due to the need to submit them again in the Company. However, at the request of a Shareholder, the Company will issue documents of shares at the request of each Shareholder. Information about the calls will be placed on the website by the Company in a separate area for communication with Shareholders.


Important dates:

01.01.2020
The obligation to have a website with a separate space for communication with shareholders.
01.01.2020 - 30.09.2020
The General Meeting of Shareholders selects the entity keeping the Register of Shareholders. The Management Board signs the contract.
30.09.2020
The deadline for the publication of the first call for Shareholders to submit shares in the company.
30.09.2020 - 31.01.2021
Subsequent calls to submit shares with an interval of not less than 2 weeks and not more than a month - a total of 5.
01.03.2021
Loss of validity of shares in documentary form. Establishment of a Register of Shareholders.
01.01.2026
Loss of protection of the rights of Shareholders who have not submitted shares in the company and which have not been dematerialized and included in the Register of Shareholders.