Board Announcement — 11 bit studios S.A. Convening Ordinary General Meeting (2015)
The Board of Directors of 11 bit studios S.A., headquartered in Warsaw, issued a formal notice on May 29, 2015, convening an Ordinary General Meeting of Shareholders scheduled for June 26, 2015. The primary purpose of the meeting is to conduct standard annual corporate governance tasks, including the review and approval of the Management Board's activity report and the financial statements for the 2014 fiscal year. Additionally, the agenda includes critical strategic resolutions regarding the distribution of 2014 profits and the pursuit of admission for the company’s securities to be traded on the regulated market of the Warsaw Stock Exchange.
The meeting's scope covers several significant administrative and regulatory transitions. Key agenda items involve the adoption of International Financial Reporting Standards (IFRS) for both the company and its capital group, the establishment of an Audit Committee, and the adoption of new Rules of Procedure for the General Meeting. At the time of the announcement, the company’s share capital consisted of 2,217,199 shares across series A through E, representing an equal number of votes.
Participation is restricted to shareholders registered as of June 10, 2015, which serves as the official Record Date. Shareholders must request a formal certificate of participation from their securities account providers by June 11, 2015. The document outlines rigorous procedural requirements for shareholder participation, including the right to propose resolutions or agenda items for those holding at least one-twentieth of the share capital. While the company allows for electronic communication and proxy voting via PDF documentation, the company’s statutes specifically exclude the possibility of participating, speaking, or voting through electronic communication means during the meeting itself. All proceedings are governed by the Polish Commercial Companies Code.
