Annual Report 2021

Orange Polska on the Warsaw Stock Exchange in 2021

Ownership structure*

Interest in the Share Capital (%) **

* 1 share = 1 vote at AGM
** Information on 25 April 2022

Number of shares held*

Aviva Otwarty Fundusz Emerytalny 72 053 524
Orange S.A. 664 999 999
Nationale-Nederlanden Otwarty Fundusz Emerytalny 66 448 705
Other shareholders 508 855 251
Total 1 312 357 479

Listing of Orange Polska S.A. shares on the Warsaw Stock Exchange

Since November of 1998, shares of Orange Polska S.A. (formerly Telekomunikacja Polska S.A.) have been listed on the primary market of the Warsaw Stock Exchange (WSE) within the continuous listing system.

The Company’s shares are included in the following indices:

  • WIG20 and WIG30 large-cap indices;
  • WIG broad-market index;
  • WIG ESG Index of socially responsible companies.

In 2021, Orange Polska S.A. was once again included in a prestigious group of listed, socially responsible companies. The portfolio of the WIG ESG Index announced by the Warsaw Stock Exchange comprises 60 companies. Orange Polska S.A. has been present in the index portfolio since its first edition. The WIG ESG Index has been increasingly popular among companies and investors, who have noticed a link between consideration for social and environmental impact and financial performance.

In addition, Orange Polska S.A. has been included in the global FTSE Russell’s ESG Ratings, a global index that measures companies’ performance across environmental, social and governance (ESG) areas.

2021 brought gains in the indices on the Warsaw Stock Exchange (WSE). Orange Polska shares were up 28%, while the large-cap index, WIG20, gained 14% in the period.

Recommendations and reports for Orange Polska S.A. shares are issued by the following financial institutions (according to the Company’s knowledge as of the date of this report)*:

  • Citigroup
  • Dom Maklerski Banku Ochrony Środowiska
  • Dom Maklerski mBanku
  • Dom Maklerski Pekao S.A
  • Dom Maklerski Santander
  • Erste Bank Investment
  • Haitong Bank
  • Ipopema Securities
  • Trigon Dom Maklerski S.A.
  • Wood & Company

* For an updated list of brokers with the related institution data please visit the Company’s website

Our activity in the area of investor relations focuses primarily on ensuring transparent and proactive communication with capital markets through active co-operation with investors and analysts, as well as performance of disclosure obligations under the existing legal framework. Orange Polska’s Investor Relations together with the Company’s representatives regularly meet with investors and analysts, both Polish and international, and participate in the majority of regional and telecom industry investor conferences.

Orange Polska Group’s financial results are presented during quarterly conferences, which are available also via a live webcast. In 2021, the Company held four results presentations. The most important development was the presentation of our new .Grow strategy, which was held as a separate special event in June 2021.

Orange Polska’s activity and performance are monitored by analysts representing both Polish and international financial institutions. In 2021, a dozen or so financial institutions published their reports and recommendations concerning the Company.

The up-to-date list of analysts is available on our website:

In March and September, Orange Polska CFO, Jacek Kunicki presented the Company’s operations and answered retail investors’ questions during online conferences organised by the Association of Individual Investors.

The key purpose of all Investor Relations efforts towards investors is to enable a reliable assessment of the Company’s financial standing, its market position and the effectiveness of its business model, taking strategic development priorities into account in the context of the telecom market and the Polish and international macroeconomic environment.

We provide the investment community with a dedicated investor relations website and a weekly newsletter with relevant information on Orange Polska and the Polish telecommunications market.

Orange Polska S.A., as an issuer of securities listed on the Warsaw Stock Exchange, is obliged to follow the ‘comply or explain’ rule stipulated in the Best Practice for GPW Listed Companies 2016 and, from 1 July 2021, the Best Practice for GPW Listed Companies 2021.

In 2021, the Company complied with the Best Practice for GPW Listed Companies 2016 and with all the rules of the Best Practice for GPW Listed Companies 2021 except one: the Company did not have a separate diversity policy for the Supervisory Board. The Diversity Policy for the Supervisory Board was adopted at the2022 Annual General Meeting. Currently, the Supervisory Board comprises 36% of women.

The full text of our Statement on the Company’s compliance with the corporate governance recommendations and principles contained in Best Practice for GPW Listed Companies 2021 is available at Company’s Investor Relations site.

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