Current
reports

Appointment of MERCOR S.A. Management Board for a new joint term of office

On August 10th 2023, the Supervisory Board of MERCOR S.A. appointed the Company’s Management Board for a new joint term of office, which will commence upon the conclusion of the Annual General Meeting convened, among others, to receive the Company’s financial statements for the fiscal year ended March 31st 2023. Pursuant to Supervisory Board Resolutions No. 37/2023, 38/2023 and 39/2023, Krzysztof Krempeć, Jakub Lipiński and Tomasz Kamiński were reappointed as President, First Vice President and Member of the Management Board, respectively.                         

Krzysztof Krempeć graduated with a Master's degree from the Gdańsk University of Physical Education and Sport, majoring in physical education.

During his career, Mr. Krempeć:

• from 1983 to 1986 – worked as a medical equipment technician at Healthcare Centre No. 2 in Gdańsk,
• from 1987 to 1988 – worked as a social services specialist and foreman at Zakład Usługowo-Produkcyjny POLONEZ sp. z o.o. in Sopot,
• since 1988 – has led MERCOR S.A. as Vice President and, since March 2008, as President of its Management Board.

Since 2014, he has served as President of the Management Board of Jeździecki Klub Sportowy Barłomino sp. z o.o. (formerly MAG1 sp. z o.o.), and since 2017 as President of the Management Board of Periban Poland sp. z o.o. He has also sat on the management and supervisory boards of various Mercor Group subsidiaries.

Jakub Lipiński is a graduate of the Faculty of Computer Science and Electronic Economy of the Poznań Academy of Economics (now Poznań University of Economics and Business).

He joined MERCOR S.A. in May 2013. During his first four years at the Company, he worked as a financial auditor, and since February 2017 he has served as First Vice President of the Management Board, Chief Financial Officer. Mr. Lipiński began his career in 2006 at PricewaterhouseCoopers Sp. z o.o. as member of its audit team. In 2007–2009, he held the position of a consultant and in 2009 was promoted to senior consultant. In June 2010, he assumed the role of a financial auditor at Dovista Polska Holding Sp. z o.o. (now Dovista Polska Sp. z o.o.), a subsidiary of a Danish window and door manufacturing group, where he stayed until joining MERCOR S.A.

From 2017 to 2019, Mr. Lipiński served on the Management Board of the subsidiary DFM Doors sp. z o.o., and since September 2022 he has been President of the Management Board of the subsidiary MERCOR Centrum Usług Wspólnych sp. z o.o. He also sits on the supervisory boards of other Mercor subsidiaries, namely Elmech-ASE S.A. (since December 2021) and MCR Tech Lab sp. z o.o. (since July 2022).

Tomasz Kamiński is a graduate of the Faculty of Electrical and Control Engineering of the Gdańsk University of Technology. He has also completed a postgraduate programme in smoke control systems (fire ventilation) at the Faculty of Environmental Engineering of the Warsaw University of Technology.

Mr. Kamiński has been part of the MERCOR S.A. team since 1997. He first worked as a technical and sales specialist at the Fire Ventilation Department and in 2005 was promoted to its Head. Since 2008, he has held the position of Division Director and in February 2017 was appointed to the Company’s Management Board.

In 2013–2016, Mr. Kamiński served on the Management Board of MB1 Sp. z o.o., which operates the Mercor Group’s manufacturing plant in Mirosław. Since 2014, he has been sitting on the Board of Directors of the Spain-based subsidiary Tecresa Protección Pasiva S.L..

Tomasz Kamiński is also a long-time member of the Polish Ventilation Association, which serves the fire ventilation and protection industry.

The Company further announces that Krzysztof Krempeć, Jakub Lipiński and Tomasz Kamiński have submitted representations to the effect that they are not engaged in any activities competing with MERCOR S.A.’s business, are not shareholders or partners in any company or partnership competing with the Company, and do not serve on a governing body of any legal entity competing with MERCOR S.A. Krzysztof Krempeć, Jakub Lipinski and Tomasz Kamiński have also represented that they are included in the Register of Insolvent Debtors maintained under the National Court Register Act.

Legal basis: Par. 5.5 of the Minister of Finance’s Regulation on current and periodic information to be published by issuers of securities and conditions for recognition as equivalent of information whose disclosure is required under the laws of a non-member state

Share buyback

The Management Board of MERCOR S.A. (the “Company”, the “Issuer”) reports that the brokerage house Santander Bank Polska S.A. – Santander Biuro Maklerskie, acting for the account of the Issuer, executed the following transactions under the share buy-back programme approved by Resolution No. 5 of the Extraordinary General Meeting of the Company dated June 30th 2020 (the “Resolution”) (see Current Report No. 16/2020 of July 1st 2020):

• on July 31st 2023, it purchased 307 Company shares at an average price of PLN 21.80 per share. The total value of the purchased shares was PLN 6,692.60. The purchased shares represent 0.00197% of the Company’s share capital and total voting rights;
• on August 1st 2023, it purchased 281 Company shares at an average price of PLN 21.80 per share. The total value of the purchased shares was PLN 6,125.80. The purchased shares represent 0.00180% of the Company’s share capital and total voting rights;
• on August 2nd 2023, it purchased 263 Company shares at an average price of PLN 21.60 per share. The total value of the purchased shares was PLN 5,680.80. The purchased shares represent 0.00169% of the Company’s share capital and total voting rights;
• on August 3rd 2023, it purchased 257 Company shares at an average price of PLN 21.70 per share. The total value of the purchased shares was PLN 5,576.90 The purchased shares represent 0.00165% of the Company’s share capital and total voting rights;
• on August 4th 2023, it purchased 243 Company shares at an average price of PLN 21.759 per share. The total value of the purchased shares was PLN 5,287.40. The purchased shares represent 0.00156% of the Company’s share capital and total voting rights.

The total number of treasury shares held by the Issuer, including the shares purchased in those transactions, is 46,914. They represent 0.30132% of the Company’s share capital and total voting rights.

The Issuer publishes, attached hereto, a list with detailed particulars of the transactions executed under the share buy-back programme between July 31st and August 4th 2023.

Legal basis:  Article 2 (3) of Commission Delegated Regulation (EU) 2016/1052 of March 8th 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the conditions applicable to buy-back programmes and stabilisation measures in conjunction with Article 5 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of April 16th 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC

Share buyback

The Management Board of MERCOR S.A. (the “Company”, the “Issuer”) reports that the brokerage house Santander Bank Polska S.A. – Santander Biuro Maklerskie, acting for the account of the Issuer, executed the following transactions under the share buy-back programme approved by Resolution No. 5 of the Extraordinary General Meeting of the Company dated June 30th 2020 (the “Resolution”) (see Current Report No. 16/2020 of July 1st 2020):

• on July 24th 2023, it purchased 313 Company shares at an average price of PLN 21.90 per share. The total value of the purchased shares was PLN 6,854.70. The purchased shares represent 0.00201% of the Company’s share capital and total voting rights;
• on July 25th 2023, it purchased 264 Company shares at an average price of PLN 21.60 per share. The total value of the purchased shares was PLN 5,702.40. The purchased shares represent 0.00170% of the Company’s share capital and total voting rights;
• on July 26th 2023, it purchased 308 Company shares at an average price of PLN 21.80 per share. The total value of the purchased shares was PLN 6,714.40. The purchased shares represent 0.00198% of the Company’s share capital and total voting rights;
• on July 27th 2023, it purchased 312 Company shares at an average price of PLN 21.80 per share. The total value of the purchased shares was PLN 6,801.60 The purchased shares represent 0.00200% of the Company’s share capital and total voting rights;
• on July 28st 2023, it purchased 316 Company shares at an average price of PLN 21.50 per share. The total value of the purchased shares was PLN 6,794.00. The purchased shares represent 0.00203% of the Company’s share capital and total voting rights.

The total number of treasury shares held by the Issuer, including the shares purchased in those transactions, is 45,563. They represent 0.29265% of the Company’s share capital and total voting rights.

The Issuer publishes, attached hereto, a list with detailed particulars of the transactions executed under the share buy-back programme between July 24th and July 28th 2023.

Legal basis:  Article 2 (3) of Commission Delegated Regulation (EU) 2016/1052 of March 8th 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the conditions applicable to buy-back programmes and stabilisation measures in conjunction with Article 5 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of April 16th 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC

Share buyback

The Management Board of MERCOR S.A. (the “Company”, the “Issuer”) reports that the brokerage house Santander Bank Polska S.A. – Santander Biuro Maklerskie, acting for the account of the Issuer, executed the following transactions under the share buy-back programme approved by Resolution No. 5 of the Extraordinary General Meeting of the Company dated June 30th 2020 (the “Resolution”) (see Current Report No. 16/2020 of July 1st 2020):

• on July 17th 2023, it purchased 342 Company shares at an average price of PLN 21.70 per share. The total value of the purchased shares was PLN 7,421.40. The purchased shares represent 0.00220% of the Company’s share capital and total voting rights;
• on July 18th 2023, it purchased 309 Company shares at an average price of PLN 21.831 per share. The total value of the purchased shares was PLN 6,745.90. The purchased shares represent 0.00198% of the Company’s share capital and total voting rights;
• on July 19th 2023, it purchased 297 Company shares at an average price of PLN 21.80 per share. The total value of the purchased shares was PLN 6,474.60. The purchased shares represent 0.00191% of the Company’s share capital and total voting rights;
• on July 20th 2023, it purchased 299 Company shares at an average price of PLN 21.80 per share. The total value of the purchased shares was PLN 6,518.20. The purchased shares represent 0.00192% of the Company’s share capital and total voting rights;
• on July 21st 2023, it purchased 297 Company shares at an average price of PLN 21.80 per share. The total value of the purchased shares was PLN 6,474.60. The purchased shares represent 0.00191% of the Company’s share capital and total voting rights.

The total number of treasury shares held by the Issuer, including the shares purchased in those transactions, is 44,050. They represent 0.28293% of the Company’s share capital and total voting rights.

The Issuer publishes, attached hereto, a list with detailed particulars of the transactions executed under the share buy-back programme between July 17th and July 21st 2023.

Legal basis:  Article 2 (3) of Commission Delegated Regulation (EU) 2016/1052 of March 8th 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the conditions applicable to buy-back programmes and stabilisation measures in conjunction with Article 5 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of April 16th 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC

Share buyback

The Management Board of MERCOR S.A. (the “Company”, the “Issuer”) reports that the brokerage house Santander Bank Polska S.A. – Santander Biuro Maklerskie, acting for the account of the Issuer, executed the following transactions under the share buy-back programme approved by Resolution No. 5 of the Extraordinary General Meeting of the Company dated June 30th 2020 (the “Resolution”) (see Current Report No. 16/2020 of July 1st 2020):

• on July 10th 2023, it purchased 296 Company shares at an average price of PLN 20.78 per share. The total value of the purchased shares was PLN 6,151.20. The purchased shares represent 0.00190% of the Company’s share capital and total voting rights;
• on July 11th 2023, it purchased 314 Company shares at an average price of PLN 20.80 per share. The total value of the purchased shares was PLN 6,531.20. The purchased shares represent 0.00202% of the Company’s share capital and total voting rights.

The total number of treasury shares held by the Issuer, including the shares purchased in those transactions, is 42,506. They represent 0.27301% of the Company’s share capital and total voting rights.

The Issuer publishes, attached hereto, a list with detailed particulars of the transactions executed under the share buy-back programme between July 10th and July 14th 2023.

Legal basis:  Article 2 (3) of Commission Delegated Regulation (EU) 2016/1052 of March 8th 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the conditions applicable to buy-back programmes and stabilisation measures in conjunction with Article 5 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of April 16th 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC

Value of new orders in June 2023 and in January 2022 – June 2023

The Management Board of MERCOR S.A. reports that the value of new orders received by the Mercor Group in June 2023 was about PLN 66.6m, compared with PLN 48.9m in the same period last year, an increase of 36%.

In the period from January 2023 to June 2023, the Group secured new orders worth about PLN 324.9m, compared with PLN 277.7m in the same period a year earlier, an increase of 17%.

Legal basis: Article 17(1) of MAR – Inside information

Share buyback

The Management Board of MERCOR S.A. (the “Company”, the “Issuer”) reports that the brokerage house Santander Bank Polska S.A. – Santander Biuro Maklerskie, acting for the account of the Issuer, executed the following transactions under the share buy-back programme approved by Resolution No. 5 of the Extraordinary General Meeting of the Company dated June 30th 2020 (the “Resolution”) (see Current Report No. 16/2020 of July 1st 2020):

• on July 4th 2023, it purchased 459 Company shares at an average price of PLN 20.369 per share. The total value of the purchased shares was PLN 9,349.50. The purchased shares represent 0.00295% of the Company’s share capital and total voting rights;
• on July 5th 2023, it purchased 448 Company shares at an average price of PLN 20.70 per share. The total value of the purchased shares was PLN 9,273.60. The purchased shares represent 0.00288% of the Company’s share capital and total voting rights;
• on July 6th 2023, it purchased 489 Company shares at an average price of PLN 20.56 per share. The total value of the purchased shares was PLN 10,053.70. The purchased shares represent 0.00314% of the Company’s share capital and total voting rights;
• on July 7th 2023, it purchased 374 Company shares at an average price of PLN 20.80 per share. The total value of the purchased shares was PLN 7,779.20. The purchased shares represent 0.00240% of the Company’s share capital and total voting rights.

The total number of treasury shares held by the Issuer, including the shares purchased in those transactions, is 41,896. They represent 0.26909% of the Company’s share capital and total voting rights.

The Issuer publishes, attached hereto, a list with detailed particulars of the transactions executed under the share buy-back programme between July 4th and July 7th 2023.

Legal basis:  Article 2 (3) of Commission Delegated Regulation (EU) 2016/1052 of March 8th 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the conditions applicable to buy-back programmes and stabilisation measures in conjunction with Article 5 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of April 16th 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC

Notification under Article 19(1) of Market Abuse Regulation

The Management Board of MERCOR S.A. announces that it has received a notification pursuant to Article 19(1) of the Market Abuse Regulation on behalf of Value Fund Poland Activist FIZ, a person closely associated with Eryk Karski, a member of the Company’s Supervisory Board.

The content of the notification is attached hereto.

Legal basis: Article 19(3) MAR – Notification of transactions conducted by persons discharging managerial responsibilities

Value of new orders in May 2023 and in December 2022 – May 2023

The Management Board of MERCOR S.A. reports that the value of new orders received by the Mercor Group in May 2023 was about PLN 53.0m, compared with PLN 47.3m in the same period last year, an increase of 12%.

In the period from December 2022 to May 2023, the Group secured new orders worth about PLN 302.2m, compared with PLN 275.6m in the same period a year earlier, an increase of 10%.

Legal basis: Article 17(1) of MAR – Inside information

Share buyback

The Management Board of MERCOR S.A. (the “Company”, the “Issuer”) reports that the brokerage house Santander Bank Polska S.A. – Santander Biuro Maklerskie, acting for the account of the Issuer, executed the following transactions under the share buy-back programme approved by Resolution No. 5 of the Extraordinary General Meeting of the Company dated June 30th 2020 (the “Resolution”) (see Current Report No. 16/2020 of July 1st 2020):

• on May 29th 2023, it purchased 91 Company shares at an average price of PLN 20.50 per share. The total value of the purchased shares was PLN 1,865.50. The purchased shares represent 0.00058% of the Company’s share capital and total voting rights;
• on May 30th 2023, it purchased 518 Company shares at an average price of PLN 20.50 per share. The total value of the purchased shares was PLN 10,619.00. The purchased shares represent 0.00333% of the Company’s share capital and total voting rights;
• on May 31st 2023, it purchased 503 Company shares at an average price of PLN 20.50 per share. The total value of the purchased shares was PLN 10,311.50. The purchased shares represent 0.00323% of the Company’s share capital and total voting rights;
• on June 1st 2023, it purchased 500 Company shares at an average price of PLN 20.30 per share. The total value of the purchased shares was PLN 10,150.00. The purchased shares represent 0.00321% of the Company’s share capital and total voting rights;
• on June 2nd 2023, it purchased 488 Company shares at an average price of PLN 20.476 per share. The total value of the purchased shares was PLN 9,992.20. The purchased shares represent 0.00313% of the Company’s share capital and total voting rights.

The total number of treasury shares held by the Issuer, including the shares purchased in those transactions, is 40,126. They represent 0.25773% of the Company’s share capital and total voting rights.

The Issuer publishes, attached hereto, a list with detailed particulars of the transactions executed under the share buy-back programme between May 29th and June 2nd 2023.

Legal basis:  Article 2 (3) of Commission Delegated Regulation (EU) 2016/1052 of March 8th 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the conditions applicable to buy-back programmes and stabilisation measures in conjunction with Article 5 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of April 16th 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC

Court registration of amendment to Company’s Articles of Association

The Management Board of Mercor S.A. (the “Company”) announces that, based on data from the Central Information Service of the National Court Register, it became aware of the registration on June 2nd 2023 by the District Court for Gdańsk-Północ in Gdańsk, 7th Commercial Division of the National Court Register, of the amendment to the Company’s Articles of Association adopted by the General Meeting on January 26th 2023 by Resolutions No. 6 and 7.

Pursuant to one of the Resolutions, the Company’s share capital was reduced by PLN 22,314.50 (twenty-two thousand, three hundred and fourteen złoty, 50/100). Following the reduction, the share capital amounts to PLN 3,892,319.25 (three million, eight hundred and ninety-two thousand, three hundred and nineteen złoty, 25/100). The share capital was reduced by cancelling 89,258 (eighty-nine thousand, two hundred and fifty-eight) treasury shares held by the Company, conferring 89,258 (eighty-nine thousand, two hundred and fifty-eight) voting rights at the General Meeting. Following the change, the number of all outstanding Company shares is 15,569,277 (fifteen million, five hundred and sixty-nine thousand, two hundred and seventy-seven), with a par value of PLN 0.25 per share. The total number of voting rights at the General Meeting is 15,569,277 (fifteen million, five hundred and sixty-nine thousand, two hundred and seventy-seven).

Adopted amendments:

1. Resolution No. 6 amended the wording of Art. 5.1 of the Company’s Articles of Association:

“The Company's share capital shall amount to PLN 3,892,319.25 (three million, eight hundred and ninety-two thousand, three hundred and nineteen złoty, 25/100) and shall be divided into 15,569,277 (fifteen million, five hundred and sixty-nine thousand, two hundred and seventy-seven) shares with a par value of PLN 0.25 (twenty-five grosz) per share, including:

• 12,454,544 (twelve million, four hundred and fifty-four thousand, five hundred and forty-four) Series AA ordinary bearer shares numbered from AA 1 to AA 12454544,
• 1,691,230 (one million, six hundred and ninety-one thousand, two hundred and thirty) Series BB ordinary bearer shares numbered from BB 1 to BB 1691230,
• 1,423,503 (one million, four hundred and twenty-three thousand, five hundred and three) Series CC ordinary bearer shares numbered from CC 1 to CC 1423503.”

2. Resolution No. 7 added Art. 5A after Art. 5, reading as follows:

“1 The Company’s share capital has been conditionally increased by no more than PLN 156,585.25 (one hundred and fifty-six thousand, five hundred and eighty-five złoty, 25/100) through the issue of up to 626,341 (six hundred and twenty-six thousand, three hundred and forty-one) Series D ordinary bearer shares with a par value of PLN 0.25 (twenty-five grosz) per share (“Series D Shares”).

2. The purpose of the conditional share capital increase referred to in Art. 5A.1 hereof is to enable the exercise of the right to subscribe for Series D Shares by the holders of Series A registered subscription warrants numbered from 000001 to 626341, who are participants in the Incentive Scheme for the management and other key employees and associates of the Company and its subsidiaries, which is based on subscription warrants and Company shares and has been established at the Company pursuant to Resolution No. 7 of the Extraordinary General Meeting of MERCOR S.A. of Gdańsk dated January 26th 2023 to establish an incentive scheme at the Company, to issue Series A registered subscription warrants with the existing shareholders’ pre-emptive rights to subscribe for the same waived in their entirety, to conditionally increase the Company’s share capital with the existing shareholders’ pre-emptive rights to subscribe for Series D ordinary bearer shares waived in their entirety, and to amend the Company’s Articles of Association.”

The Company publishes, attached hereto, the consolidated text of its Articles of Association.

Legal basis: Par. 5.1 of the Minister of Finance’s Regulation of March 29th 2018 on current and periodic information to be published by issuers of securities and conditions for recognition as equivalent of information whose disclosure is required under the laws of a non-member state.

Share buyback

The Management Board of MERCOR S.A. (the “Company”, the “Issuer”) reports that the brokerage house Santander Bank Polska S.A. – Santander Biuro Maklerskie, acting for the account of the Issuer, executed the following transactions under the share buy-back programme approved by Resolution No. 5 of the Extraordinary General Meeting of the Company dated June 30th 2020 (the “Resolution”) (see Current Report No. 16/2020 of July 1st 2020):

• on May 22nd 2023, it purchased 793 Company shares at an average price of PLN 20.268 per share. The total value of the purchased shares was PLN 16,072,40. The purchased shares represent 0.00506% of the Company’s share capital and total voting rights;
• on May 23rd 2023, it purchased 533 Company shares at an average price of PLN 20.463 per share. The total value of the purchased shares was PLN 10,906.70. The purchased shares represent 0.00340% of the Company’s share capital and total voting rights;
• on May 24th 2023, it purchased 752 Company shares at an average price of PLN 20.50 per share. The total value of the purchased shares was PLN 15,416.00. The purchased shares represent 0.00480% of the Company’s share capital and total voting rights;
• on May 25th 2023, it purchased 732 Company shares at an average price of PLN 20.30 per share. The total value of the purchased shares was PLN 14,859.60. The purchased shares represent 0.00467% of the Company’s share capital and total voting rights;
• on May 26th 2023, it purchased 708 Company shares at an average price of PLN 20.439 per share. The total value of the purchased shares was PLN 14,471.10. The purchased shares represent 0.00452% of the Company’s share capital and total voting rights.

The total number of treasury shares held by the Issuer, including the shares purchased in those transactions, is 127,284. They represent 0.81288% of the Company’s share capital and total voting rights.

The Issuer publishes, attached hereto, a list with detailed particulars of the transactions executed under the share buy-back programme between May 22nd and May 26th 2023.

Legal basis:  Article 2 (3) of Commission Delegated Regulation (EU) 2016/1052 of March 8th 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the conditions applicable to buy-back programmes and stabilisation measures in conjunction with Article 5 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of April 16th 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC

Share buyback

The Management Board of MERCOR S.A. (the “Company”, the “Issuer”) reports that the brokerage house Santander Bank Polska S.A. – Santander Biuro Maklerskie, acting for the account of the Issuer, executed the following transactions under the share buy-back programme approved by Resolution No. 5 of the Extraordinary General Meeting of the Company dated June 30th 2020 (the “Resolution”) (see Current Report No. 16/2020 of July 1st 2020):

• on May 15th 2023, it purchased 1,006 Company shares at an average price of PLN 19.895 per share. The total value of the purchased shares was PLN 20,014.00. The purchased shares represent 0.00642% of the Company’s share capital and total voting rights;
• on May 16th 2023, it purchased 710 Company shares at an average price of PLN 20.397 per share. The total value of the purchased shares was PLN 14,481.90. The purchased shares represent 0.00453% of the Company’s share capital and total voting rights;
• on May 17th 2023, it purchased 1,051 Company shares at an average price of PLN 20.48 per share. The total value of the purchased shares was PLN 21,524.80. The purchased shares represent 0.00671% of the Company’s share capital and total voting rights;
• on May 19th 2023, it purchased 1 Company shares at an average price of PLN 20.30 per share. The total value of the purchased shares was PLN 20.30. The purchased shares represent 0.00001% of the Company’s share capital and total voting rights.

The total number of treasury shares held by the Issuer, including the shares purchased in those transactions, is 123,766. They represent 0.79041% of the Company’s share capital and total voting rights.

The Issuer publishes, attached hereto, a list with detailed particulars of the transactions executed under the share buy-back programme between May 15th and May 19th 2023.

Legal basis:  Article 2 (3) of Commission Delegated Regulation (EU) 2016/1052 of March 8th 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the conditions applicable to buy-back programmes and stabilisation measures in conjunction with Article 5 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of April 16th 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC

Notification under Article 19(1) of Market Abuse Regulation

The Management Board of MERCOR S.A. announces that it has received a notification pursuant to Article 19(1) of the Market Abuse Regulation on behalf of Value Fund Poland Activist FIZ, a person closely associated with Eryk Karski, a member of the Company’s Supervisory Board.

The content of the notification is attached hereto.

Legal basis: Article 19(3) MAR – Notification of transactions conducted by persons discharging managerial responsibilities

Share buyback

The Management Board of MERCOR S.A. (the “Company”, the “Issuer”) reports that the brokerage house Santander Bank Polska S.A. – Santander Biuro Maklerskie, acting for the account of the Issuer, executed the following transactions under the share buy-back programme approved by Resolution No. 5 of the Extraordinary General Meeting of the Company dated June 30th 2020 (the “Resolution”) (see Current Report No. 16/2020 of July 1st 2020):

• on May 9th 2023, it purchased 979 Company shares at an average price of PLN 20.50 per share. The total value of the purchased shares was PLN 20,069.50. The purchased shares represent 0.00625% of the Company’s share capital and total voting rights;
• on May 10th 2023, it purchased 484 Company shares at an average price of PLN 20.50 per share. The total value of the purchased shares was PLN 9,922.00. The purchased shares represent 0.00309% of the Company’s share capital and total voting rights;
• on May 11th 2023, it purchased 1,018 Company shares at an average price of PLN 20.304 per share. The total value of the purchased shares was PLN 20,669.01. The purchased shares represent 0.00650% of the Company’s share capital and total voting rights;
• on May 12th 2023, it purchased 1,015 Company shares at an average price of PLN 20.134 per share. The total value of the purchased shares was PLN 20,436.10. The purchased shares represent 0.00648% of the Company’s share capital and total voting rights.

The total number of treasury shares held by the Issuer, including the shares purchased in those transactions, is 120,998. They represent 0.77273% of the Company’s share capital and total voting rights.

The Issuer publishes, attached hereto, a list with detailed particulars of the transactions executed under the share buy-back programme between May 9th and May 12th 2023.

Legal basis:  Article 2 (3) of Commission Delegated Regulation (EU) 2016/1052 of March 8th 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the conditions applicable to buy-back programmes and stabilisation measures in conjunction with Article 5 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of April 16th 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC