Current report CG no. 1/2013
Kielce, January 9, 2013
Information on non-application of some of the rules of the Code of Best Practice for WSE Listed Companies
The Management Board of Echo Investment S.A. (hereinafter referred to as the Issuer or the Company) hereby
reports that due to some amendments to the Code of Best Practice for WSE Listed Companies, which were adopted
by the WSE Supervisory Board by way of resolution no. 19/1307/2012 of 21.11.2012, the Issuer will not by applying the
following rules of corporate governance:
Part II Best Practice for Management Boards of Listed Companies
Rule 1 “A company should operate a corporate website and publish on it, in addition to information required by
legal regulations:
Section 9a) a record of the General Meeting in audio or video format.”
The rule will not be applied. The Issuer does not provide for recording General Meetings in audio or video format
or publishing the records on its website. The resolutions which will be adopted at General Meetings will be promptly
published by the Issuer in the form of current reports and placed on its website.
Part IV Best Practices of Shareholders
Rule 1 “A company should enable its shareholders to participate in a General Meeting using electronic
communication means through:
1) real-life broadcast of General Meetings;
2) real-time bilateral communication where shareholders may take the floor during a General Meeting from a
location other than the General Meeting.”
The rule will not be applied. The Company believes that the implementation of the above rule involves technical
and legal risks, which may affect the proper and smooth conduct of General Meetings as well as true, reliable and
secure flow of information in such communication.
Legal basis: § 29 section 3 of the Regulations of the Warsaw Stock Exchange S.A.
Echo Investment SA, Al. Solidarności 36, 25-323 Kielce
tel.: (+48) 41 33 33 333; fax: (+48) 41 33 32 333