6. Restrictions on voting rights, such as limitations of the voting rights of holders of a given percentage or number of votes, time limitations on exercising voting rights, or provisions under which, with the company’s cooperation, the equity rights attaching to securities are separated from the holding of securities
Since December 31st 2012, under PGNiG S.A.'s Articles of Association, the voting rights of the Company's shareholders have been restricted so that at the General Meeting no shareholder can exercise more than 10% of the total vote as at the date of the General Meeting, with the proviso that this restriction of voting rights is deemed non-existent for the purpose of determining the obligations of buyers of major holdings of shares.
The voting right restrictions do not apply to shareholders who, as at the date of the General Meeting’s resolution imposing the restriction, are holders of shares conferring more than 10% of the total vote at the Company, and shareholders acting together with shareholders holding more than 10% of the total vote, pursuant to agreements concerning joint exercise of voting rights.
For the purposes of restricting the voting rights, the votes of shareholders bound by a parent-subsidiary relationship shall be aggregated, and if the aggregated number of votes exceeds 10% of the total vote at the Company, it is subject to reduction.
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