14.9.1. Share capital

In accordance with the National Court Register, the share capital of Polski Koncern Naftowy ORLEN S.A. as at 31 December 2022 and as at 31 December 2021 was divided into 1,160,942,049 and 427,709,061, respectively ordinary shares with nominal value of PLN 1.25 each. The Company's share capital was increased in 2022 through the issue of merger shares issued to the shareholders of LOTOS and PGNiG in accordance with the agreed exchange ratio as a result of the merger of ORLEN with Grupa LOTOS and PGNiG. Additional information note 7.3.1 and 7.3.2.

In Poland, each new issue of shares is labelled as a new series of shares. All of the above series have the same rights.

Shareholders’ structure

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ORLEN Group 2022 Integrated Report

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