FOR INVESTORS
Emax archive
On 14 and 15 March 2007, the Extraordinary General Meeting of Shareholders of Emax and ComputerLand resolved to merge the two companies and to change the name of the newly created entity into Sygnity.
On 31 May 2007, the District Court for the Capital City of Warsaw in Warsaw, 13th Economic Division of the National Court Register issued its decision concerning the merger of Emax SA and Sygnity SA. From then on, Sygnity acquired all the rights and duties of Emax, and Emax SA was deleted from the Register of Entrepreneurs. Thereby the process of merger of Sygnity SA and Emax SA was completed in accordance with the previously adopted plan.
Archival information concerning Emax has been presented below.
Reports
Recommendations
Corporate governance
On 5 June 2003 the Supervisory Board and the Management Board in a joint resolution adopted the principles contained in the “Good Practices in Public Companies in 2002” implemented by virtue of Resolution 58/952/2002 of the Board of the Warsaw Stock Exchange SA and pledged to abide by them to the extent permitted by the law. In the pursuit to implement the principles of corporate governance in the company, the Supervisory Board adopted new Rules of Procedure of the Supervisory Board and the Management Board to account for the changes related to the adoption of the principles of corporate governance by the Company. The Supervisory Board has also decided to fully adapt the Company’s Statutes to the requirements stipulated in the Good Practices. On 30 June 2003, in view of the resolution of the Supervisory Board and the Management Board of 5 June 2003, the General Meeting of Shareholders of Emax SA approved the “Good Practices in Public Companies in 2002”, except for principle 20 on good practices of the Supervisory Board, and approved the Rules of Procedure of the General Assembly, Supervisory Board and Management Board.
In 2004 the Board of the Warsaw Stock Exchange SA, by virtue of Resolution 44/1062/2004 adopted a document “Good Practices in Public Companies 2005”, which introduced amendments to the principles of corporate governance. Considering the recommendations of the Warsaw Stock Exchange Board regarding the standards of corporate governance in public companies, on 17 June 2005 the General Meeting of Shareholders of Emax SA approved the “Good Practices in Public Companies 2005”, except for principle 28 regarding appointment of audit and remuneration committees in the structure of the Supervisory Board. The shareholders introduced necessary changes to the Statutes and to the Rules of Procedure of General Meetings.
Considering the implementation of Principle 28, at its meeting on 26 July 2005 the Supervisory Board amended the Rules of Procedure of the Supervisory Board by appointing Audit and Remuneration Committees and their members. As a result of these changes, Emax SA follows all the principles of corporate governance contained in the “Good Practices in Public Companies 2005”.
Feel free to read the documents on the observance of corporate governance at Emax SA:
Shareholders
| Shareholders Name | Ownership | Number of Votes at the Shareholders Meeting |
|---|---|---|
| ComputerLand S.A. | 37,65% | 66,00% |
| Stock exchange shareholders | 62,35% | 34,00% |
