Management Board of Qumak S.A. (hereafter referred to as the 'Company') informs that on 4 May 2017 the Company received a notice prepared pursuant to Article 69 item 1 point 1 in conjunction with Article 87 item 1 point 2 of the Act on Public Offering and Conditions Governing the Introduction of Financial Instruments to the Organized Trade System and on Public Companies (Dz. U. [Journal of Laws] of 2005, No 184, item 1539 as amended), sent by Altus Towarzystwo Funduszy Inwestycyjnych S.A. (hereafter referred to as ALTUS TFI S.A.), acting on behalf of investment funds managed by ALTUS TFI S.A., providing information on a decrease by ALTUS TFI S.A. of share in total number of votes in the Company and dropping below a threshold of 10% of total number of votes in the Company.

The decrease of share in total number of votes in the Company took place as a result of a settlement on 27 April 2017 of a sell transaction on a regulated market of 197 162 shares of the Company.

Before the change, the investment funds managed by ALTUS TFI S.A. held in total 1 093 724 shares of the Company, which constituted 10.54% of the Company's share capital, and were entitled to 1 093 724 votes, which accounted for 10.54% of the total number of votes in the Company.

After the change, the investment funds managed by ALTUS TFI S.A. hold in total 896 562 shares of the Company, which constitutes 8.64% of the Company's share capital, and entitles to 896 562 votes in the Company, which accounts for 8.64% of the total number of votes in the Company.

Moreover, ALTUS TFI S.A. provided information that there is no subsidiaries of shareholders submitting this notice, holding shares of the Company, as well as that there is no persons mentioned in Article 87 item 1 point 3 letter c) of the above quoted Act with regard to shareholders.

Total number of shares of the Company and number of votes at a General Meeting of Shareholders of the Company is 10 375 082.

Legal ground:

Act on Public Offering - Article 70(1)

Qumak SA published this content on 04 May 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 26 May 2017 11:01:19 UTC.

Original documenthttp://www.qumak.pl/en/informacje-gieldowe/current-report-122017-of-4-may-2017-large-block-of-shares-notice-decreasing-share-below-10-in-total-number-of-votes-at-egm-by-altus-towarzystwo-funduszy-inwestycyjnych-s-a/

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