Acting pursuant to Par. 38.1.7 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, dated February 19th 2009 (Dz.U. of 2009, No. 33, item 259), the Management Board of Inter Cars S.A. hereby publishes the resolutions adopted by the Annual General Shareholders Meeting held on May 11th 2011.

“Resolution No. 1 

The Annual General Shareholders Meeting of Inter Cars S.A. of Warsaw hereby resolves to appoint Wojciech Józef Olewniczak as Chairman of the General Shareholders Meeting.”

The resolution was adopted by secret ballot. All votes cast in exercise of the voting rights attached to the 9,390,788 shares participating in the vote (which represented 66.28% of the Company’s share capital, comprising a total of 14,168,100 shares) were valid. Accordingly, the total number of valid votes cast was 9,390,788, with 9,390,788 votes in favour of the resolution, no votes against, no abstentions and no objections by dissenting shareholders.

“Resolution No. 2 

The Annual General Shareholders Meeting of Inter Cars S.A. of Warsaw hereby approves the proposed agenda.” The resolution was adopted in an open vote. All votes cast in exercise of the voting rights attached to the 9,390,788 shares participating in the vote (which represented 66.28% of the Company’s share capital, comprising a total of 14,168,100 shares) were valid. Accordingly, the total number of valid votes cast was 9,390,788, with 9,390,788 votes in favour of the resolution, no votes against, no abstentions and no objections by dissenting shareholders. 

“Resolution No. 3 

The Annual General Shareholders Meeting of Inter Cars S. A. of Warsaw hereby approves the Directors' Report on the Company's Operations in 2010.” The resolution was adopted in an open vote. All votes cast in exercise of the voting rights attached to the 9,390,788 shares participating in the vote (which represented 66.28% of the Company’s share capital, comprising a total of 14,168,100 shares) were valid. Accordingly, the total number of valid votes cast was 9,390,788, with 9,390,788 votes in favour of the resolution, no votes against, no abstentions and no objections by dissenting shareholders. 

“Resolution No. 4 

The Annual General Shareholders Meeting of Inter Cars S. A. of Warsaw hereby approves the Directors' Report on the Inter Cars Group's Operations in 2010.” The resolution was adopted in an open vote. All votes cast in exercise of the voting rights attached to the 9,390,788 shares participating in the vote (which represented 66.28% of the Company’s share capital, comprising a total of 14,168,100 shares) were valid. Accordingly, the total number of valid votes cast was 9,390,788, with 9,390,788 votes in favour of the resolution, no votes against, no abstentions and no objections by dissenting shareholders. 

“Resolution No. 5 

The Annual General Shareholders Meeting of Inter Cars S. A. of Warsaw hereby approves the Company's financial statements for the financial year 2010, in particular:

  1. balance sheet as at December 31st 2010, showing a balance-sheet total of PLN 1,277,225,000.00 (one billion, two hundred and seventy-seven million, two hundred and twenty-five thousand złoty);
  2. income statement for the period January 1st–December 31st 2010, showing a net profit of PLN 46,004,000.00 (forty-six million and four thousand złoty);
  3. statement of changes in equity in the financial year January 1st–December 31st 2010, showing an increase in equity of PLN 44,904,000.00 (forty-four million, nine hundred and four thousand złoty);
  4. statement of cash flows in the financial year January 1st–December 31st 2010, showing a net increase in cash of PLN 2,332,000.00 (two million, three hundred and thirty-two thousand złoty);
  5. supplementary information comprising the introduction and notes to the financial statements.”


The resolution was adopted in an open vote. All votes cast in exercise of the voting rights attached to the 9,390,788 shares participating in the vote (which represented 66.28% of the Company’s share capital, comprising a total of 14,168,100 shares) were valid. Accordingly, the total number of valid votes cast was 9,390,788, with 9,390,788 votes in favour of the resolution, no votes against, no abstentions and no objections by dissenting shareholders.

“Resolution No. 6 

The Annual General Shareholders Meeting of Inter Cars S. A. of Warsaw hereby approves the Inter Cars Group's consolidated financial statements for the financial year 2010, in particular:

  1. consolidated balance sheet of the Inter Cars Group as at December 31st 2010, showing a balance-sheet total of PLN 1,322,301,000.00 (one billion, three hundred and twenty-two million, three hundred and one thousand złoty);   
  2. consolidated income statement of the Inter Cars Group for the financial year January 1st–December 31st 2010, showing a net profit of PLN 63,683,000.00 (sixty-three million, six hundred and eighty-three thousand złoty);   
  3. statement of changes in consolidated equity of the Inter Cars Group in the financial year January 1st–December 31st 2010, showing an increase in equity of PLN 59,644,000.00 (fifty-nine million, six hundred and forty-four thousand złoty);   
  4. consolidated statement of cash flows of the Inter Cars Group in the financial year January 1st–December 31st 2010, showing a net increase in cash of PLN 7,424,000.00 (seven million, four hundred and twenty-four thousand złoty);   
  5. supplementary information comprising the introduction and notes to the consolidated financial statements.”   


The resolution was adopted in an open vote. All votes cast in exercise of the voting rights attached to the 9,390,788 shares participating in the vote (which represented 66.28% of the Company’s share capital, comprising a total of 14,168,100 shares) were valid. Accordingly, the total number of valid votes cast was 9,390,788, with 9,390,788 votes in favour of the resolution, no votes against, no abstentions and no objections by dissenting shareholders.   

“Resolution No. 7 

Having considered the Supervisory Board’s opinion regarding the Management Board’s proposal, the Annual General Shareholders Meeting of Inter Cars S.A. of Warsaw hereby resolves that the entire net profit for 2010 in the amount of PLN 46,004,000.00 (forty-six million and four thousand złoty) will be contributed to the Company’s statutory reserve funds.”

The resolution was adopted in an open vote. All votes cast in exercise of the voting rights attached to the 9,390,788 shares participating in the vote (which represented 66.28% of the Company’s share capital, comprising a total of 14,168,100 shares) were valid. Accordingly, the total number of valid votes cast was 9,390,788, with 9,390,788 votes in favour of the resolution, no votes against, no abstentions and no objections by dissenting shareholders.

“Resolution No. 8 

Acting pursuant to Art. 395.2.3 of the Commercial Companies Code, the Annual General Shareholders Meeting of Inter Cars S.A. of Warsaw hereby grants discharge to Mr Robert Kierzek in respect of his duties as President of the Company's Management Board in the financial year 2010.”

The resolution was adopted by secret ballot. All votes cast in exercise of the voting rights attached to the 9,390,788 shares participating in the vote (which represented 66.28% of the Company’s share capital, comprising a total of 14,168,100 shares) were valid. Accordingly, the total number of valid votes cast was 9,390,788, with 9,390,788 votes in favour of the resolution, no votes against, no abstentions and no objections by dissenting shareholders.

“Resolution No. 9 

Acting pursuant to Art. 395.2.3 of the Commercial Companies Code, the Annual General Shareholders Meeting of Inter Cars S.A. of Warsaw hereby grants discharge to Mr Krzysztof Teofil Oleksowicz in respect of his duties as Member of the Company's Management Board in the financial year 2010.”

The resolution was adopted by secret ballot. All votes cast in exercise of the voting rights attached to the 4,708,517 shares participating in the vote (which represented 33.23% of the Company’s share capital, comprising a total of 14,168,100 shares) were valid. Accordingly, the total number of valid votes cast was 4,708,517, with 4,708,517 votes in favour of the resolution, no votes against, no abstentions and no objections by dissenting shareholders. Shareholder Krzysztof Teofil Oleksowicz was excluded from the vote pursuant to Art. 413 of the Commercial Companies Code.

“Resolution No. 10 

Acting pursuant to Art. 395.2.3 of the Commercial Companies Code, the Annual General Shareholders Meeting of Inter Cars S.A. of Warsaw hereby grants discharge to Mr Krzysztof Soszyński in respect of his duties as Member of the Company's Management Board in the financial year 2010.”

The resolution was adopted by secret ballot. All votes cast in exercise of the voting rights attached to the 9,390,788 shares participating in the vote (which represented 66.28% of the Company’s share capital, comprising a total of 14,168,100 shares) were valid. Accordingly, the total number of valid votes cast was 9,390,788, with 9,390,788 votes in favour of the resolution, no votes against, no abstentions and no objections by dissenting shareholders.

“Resolution No. 11 

Acting pursuant to Art. 395.2.3 of the Commercial Companies Code, the Annual General Shareholders Meeting of Inter Cars S.A. of Warsaw hereby grants discharge to Mr Wojciech Milewski in respect of his duties as Member of the Company's Management Board in financial year 2010.”

The resolution was adopted by secret ballot. All votes cast in exercise of the voting rights attached to the 9,390,788 shares participating in the vote (which represented 66.28% of the Company’s share capital, comprising a total of 14,168,100 shares) were valid. Accordingly, the total number of valid votes cast was 9,390,788, with 9,390,788 votes in favour of the resolution, no votes against, no abstentions and no objections by dissenting shareholders.

“Resolution No. 12 

Acting pursuant to Art. 395.2.3 of the Commercial Companies Code, the Annual General Shareholders Meeting of Inter Cars S.A. of Warsaw hereby grants discharge to Mr Piotr Kraska in respect of his duties as Member of the Company's Management Board in the financial year 2010.”

The resolution was adopted by secret ballot. All votes cast in exercise of the voting rights attached to the 9,390,788 shares participating in the vote (which represented 66.28% of the Company’s share capital, comprising a total of 14,168,100 shares) were valid. Accordingly, the total number of valid votes cast was 9,390,788, with 9,390,788 votes in favour of the resolution, no votes against, no abstentions and no objections by dissenting shareholders.

“Resolution No. 13 

Acting pursuant to Art. 395.2.3 of the Commercial Companies Code, the Annual General Shareholders Meeting of Inter Cars S.A. of Warsaw hereby grants discharge to Mr Andrzej Oliszewski in respect of his duties as Chair of the Company's Supervisory Board in the financial year 2010.”

The resolution was adopted by secret ballot. All votes cast in exercise of the voting rights attached to the 7,888,418 shares participating in the vote (which represented 55.67% of the Company’s share capital, comprising a total of 14,168,100 shares) were valid. Accordingly, the total number of valid votes cast was 7,888,418, with 7,888,418 votes in favour of the resolution, no votes against, no abstentions and no objections by dissenting shareholders. Shareholder Andrzej Oliszewski was excluded from the vote pursuant to Art. 413 of the Commercial Companies Code.

“Resolution No. 14 

Acting pursuant to Art. 395.2.3 of the Commercial Companies Code, the Annual General Shareholders Meeting of Inter Cars S.A. of Warsaw hereby grants discharge to Mrs Jolanta Oleksowicz-Bugajewska in respect of her duties as Member of the Company's Supervisory Board in the financial year 2010.”

The resolution was adopted by secret ballot. All votes cast in exercise of the voting rights attached to the 9,390,788 shares participating in the vote (which represented 66.28% of the Company’s share capital, comprising a total of 14,168,100 shares) were valid. Accordingly, the total number of valid votes cast was 9,390,788, with 9,390,788 votes in favour of the resolution, no votes against, no abstentions and no objections by dissenting shareholders.

“Resolution No. 15 

Acting pursuant to Art. 395.2.3 of the Commercial Companies Code, the Annual General Shareholders Meeting of Inter Cars S.A. of Warsaw hereby grants discharge to Mr Jacek Klimczak in respect of his duties as Member of the Company's Supervisory Board in the financial year 2010.”

The resolution was adopted by secret ballot. All votes cast in exercise of the voting rights attached to the 9,390,788 shares participating in the vote (which represented 66.28% of the Company’s share capital, comprising a total of 14,168,100 shares) were valid. Accordingly, the total number of valid votes cast was 9,390,788, with 9,390,788 votes in favour of the resolution, no votes against, no abstentions and no objections by dissenting shareholders.

“Resolution No. 16 

Acting pursuant to Art. 395.2.3 of the Commercial Companies Code, the Annual General Shareholders Meeting of Inter Cars S.A. of Warsaw hereby grants discharge to Mr Michał Marczak in respect of his duties as Member of the Company's Supervisory Board in the financial year 2010.”

The resolution was adopted by secret ballot. All votes cast in exercise of the voting rights attached to the 9,390,788 shares participating in the vote (which represented 66.28% of the Company’s share capital, comprising a total of 14,168,100 shares) were valid. Accordingly, the total number of valid votes cast was 9,390,788, with 9,390,788 votes in favour of the resolution, no votes against, no abstentions and no objections by dissenting shareholders.

“Resolution No. 17 

Acting pursuant to Art. 395.2.3 of the Commercial Companies Code, the Annual General Shareholders Meeting of Inter Cars S.A. of Warsaw hereby grants discharge to Mr Maciej Oleksowicz in respect of his duties as Member of the Company's Supervisory Board in the financial year 2010.”

The resolution was adopted by secret ballot. All votes cast in exercise of the voting rights attached to the 9,390,788 shares participating in the vote (which represented 66.28% of the Company’s share capital, comprising a total of 14,168,100 shares) were valid. Accordingly, the total number of valid votes cast was 9,390,788, with 9,390,788 votes in favour of the resolution, no votes against, no abstentions and no objections by dissenting shareholders.

“Resolution No. 18 

Acting pursuant to Art. 395.2.3 of the Commercial Companies Code, the Annual General Shareholders Meeting of Inter Cars S.A. of Warsaw hereby grants discharge to Mr Piotr Płoszajski in respect of his duties as Member of the Company's Supervisory Board in the financial year 2010.”

The resolution was adopted by secret ballot. All votes cast in exercise of the voting rights attached to the 9,390,788 shares participating in the vote (which represented 66.28% of the Company’s share capital, comprising a total of 14,168,100 shares) were valid. Accordingly, the total number of valid votes cast was 9,390,788, with 9,390,788 votes in favour of the resolution, no votes against, no abstentions and no objections by dissenting shareholders.

Considering that all items on the agenda have been dealt with, the Chairman closed the Annual General Shareholders Meeting

Persons representing the company

  • Piotr Kraska - Member of the Management Board
  • Paweł Pietrzak - Plenipotentiary
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