47.5 Proceedings against Pekao for annulment and possibly repealing resolutions adopted by Pekao’s Shareholder Meeting

Annual Report 2017 > Results 2017 > Supplementary information and notes > 47 Disputes > 47.5 Proceedings against Pekao for annulment and possibly repealing resolutions adopted by Pekao’s Shareholder Meeting
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In 2017, there was still a pending lawsuit against Pekao received from Pekao’s minority shareholder for annulment and possibly repealing Resolutions no. 5 and no. 21 adopted by Pekao’s Ordinary Shareholder Meeting on 19 April 2017 to approve Pekao’s financial statements for 2016 and to grant a discharge to a Member of Pekao’s Management Board on the performance of duties in 2016. The value of the dispute in this lawsuit identified by the plaintiff is PLN 170,989 million. Pekao believes that the lawsuit is groundless and the value of the dispute specified by the plaintiff is incorrect which was confirmed (in respect to the value of the dispute) by decision of the Regional Court in Warsaw of 5 September 2017, by the power of which the value of the dispute was set at PLN 7 thousand (this value is also valid as at 31 December 2017).

 

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