Hoop to give investors seat on enlarged supervisory board

The representative of investors who will buy Hoop's shares in a public offer will have a seat on the company's supervisory board. He will be able to directly control its investments in Russia, which involves the purchase of a 50% stake in Megapak worth $15 million. Share orders will be accepted between July 31 and August 1. Hoop's present main shareholders, company president Dariusz Wojdyga, with 59.9%, and deputy-president Marek Jutkiewicz, who owns 39.9% of the shares have promised to resign from various rights which they enjoy as majority shareholders. They plan to call a shareholder's meeting which will make changes to the company's statute. In the stature, the number of supervisory board members will be increased by four or five, and the members will not be nominated solely by Wojdyga and Jutkiewicz as has been the case up to now. Moreover, they will lose their right to nominate the president and deputy president of the company. (Parkiet, p. 3). A.C.