Investor relations Relacje inwestorskie
Investor relations Relacje inwestorskie
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UNOFFICIAL TRANSLATION:
Current report No. 35/2019
Date of preparation: 2019-07-05
Short name of the issuer: i2 Development S.A.
Subject: Change of the Chairman of the Supervisory Board, appointment of the Audit Committee

Legal basis Article 17 para. 1 MAR – confidential information.

The Management Board of i2 Development S.A. (hereinafter: the Issuer, the Company) informs that on 4 July 2019 the Supervisory Board of the Company decided to change the functions of members of the Company’s Supervisory Board in such a way that the current Chairman of the Supervisory Board, Mr. Radosław Kuczyński, will act as a Member of the Supervisory Board; the current member of the Supervisory Board, Mr. Andrzej Kowalski, will act as a Chairman of the Supervisory Board.

In addition, the Supervisory Board of the Company appointed the Audit Committee composed of:
1. Radosław Kuczyński – Chairman of the Audit Committee, independent member,
2. Michał Gabrysiak – Member of the Audit Committee, independent member,
3. Andrzej Kowalski – Member of the Audit Committee, a dependent member.

Until now, the tasks of the Audit Committee were performed by the Supervisory Board of the Company. The duration of the first term of the Audit Committee will be the same as the current term of the Supervisory Board, which means that the term of the Audit Committee will expire on the day of the General Meeting of the Company approving the financial statements for 2020.

The Company informs that the Audit Committee in the above-mentioned composition meets the independence criteria and other requirements specified in art. 129 par. 1, 3, 5, and 6 of the Act on statutory auditors, audit firms and public supervision, i.e .:
a) at least one member of the audit committee has the knowledge and skills in the field of accounting or auditing of financial statements,
b) at least one member of the audit committee has knowledge and skills in the industry of the Company,
c) the majority of the members of the audit committee, including its chairman, are independent on1 the Company.

Signatures of persons representing the Company:
2019-07-05   Marcin Misztal   President of the Management Board