We are pleased to announce that from July 1 this year the Analytical Coverage Support Programme 3.0 for 2021–2023 is launched, organized by the Warsaw Stock Exchange. The Programme consists in preparing analytical reports financed by the WSE by investment firms. XTB has qualified for the Programme and will be covered analytically by Trigon Dom Maklerski.
More information can be found in the WSE announcement available here.
On behalf of the Management Board of XTB, I would like to invite you to an investor chat dedicated mainly to individual investors, which we organize together with Puls Biznesu on August 5 (Wednesday) at 13.00.
What is the outlook for XTB’s results? Will record profits translate into dividends? What determines the company’s profits? These and other questions will be answered by Omar Arnaout (President of the Management Board) and Paweł Szejko (Member of the Management Board for Finance).
More information can be found at the following link:
With reference to the announcement from the 404th meeting of the Polish Financial Supervision Authority (KNF) on 18 September 2018, the Management Board of XTB fully maintains its previous position and finds no grounds for objections regarding the company’s operations.
During the proceedings before the KNF, the Management Board provided the supervisor with extensive explanations as well as legal and quantitative expert opinions of independent entities that confirm that XTB’s use of the asymmetric deviation mechanism did not violate the principle of acting in the best interests of the clients and did not affect the clients’ transaction results. KNF’s comments on the application of this mechanism pertain to operations from January 2014 to May 2015. The guideline regarding the need for symmetrical deviation was issued by the KNF in May 2016, almost a year after the company made voluntary amendments in its IT systems.
Acting in the interest of the company and its shareholders, as well as being guided by the well being of its clients, the company intends to appeal against the decision of the supervisor.
X-Trade Brokers Dom Maklerski S.A. Management Board
In October 2017, the Management Board of X-Trade Brokers Dom Maklerski S.A. filed a criminal complaint with the District Prosecutor‘s Office in Warsaw against a client’s unlawful threats. The client, within the last 4 years, repeatedly blackmailed the company with a threat of destroying its public image, expecting a payment of PLN 3,5, 7 and at last 14 million. In February this year, the Prosecutor’s Office in Warsaw initiated proceedings in response to actions by a client, including unlawful threats against the Company’s executives and attempts to extort money. Despite the proceedings initiated, the client continues its unlawful threats against the Company by blackmailing its executives. The Company has described the incident in its 2017 annual report
https://ir.xtb.com/files/2018/03/XTB-Skonsolidowany-Raport-Roczny-2017-ENG.pdf
The client’s claims are totally unfounded and the losses sustained by the client were solely due to the client’s bad investment decisions, as unequivocally demonstrated in the presentation during the Financial Supervision Authority’s inspection in 2016, in later documents provided to the supervisor, as well as in the expert opinion prepared by the independent consulting firm Roland Berger that analysed the client’s transactions and investment decisions. The analysis confirmed that the client’s transactions were not delayed, and the execution time of his transactions was faster than the average for other clients.
In relation to media report, the Management Board would like to point out that described by the client actions undertaken by the Company’s former employee who was dismissed on disciplinary grounds do not constitute basis for any claims by the said client. The former employee stated before the court that he had acted in an unprofessional manner and had been manipulated by the client. Earlier, the former employee stated that the client offered him money in return for cooperation to make the Company succumb to a compromise and payment of undue amount. The company denies that the client was offered any settlement offer.
XTB is supervised by the Financial Supervision Authority. Our clients’ funds are kept in segregated accounts and are covered by the compensation system of the Central Securities Depository of Poland. XTB complies with all laws and regulations that are in line with market practice and adheres to the industry’s codes of conduct. Acting in the best interest of the Company and its shareholders and guided by what is good by our clients, the Company is closely working with relevant administrative bodies in order to resolve the subject matter.
X-Trade Brokers Dom Maklerski S.A. Management Board
On May 19, 2017 at 10:30 am the Company organizes a conference call for investors concerning XTB exit from Turkey market. Your questions will be addressed by the XTB Management Board.
To participate in the conference call, please sign up by sending your name by e-mail to the following address: relacje.inwestorskie@xtb.com
In return you will receive the conference call access data.
On May 15, 2017 at 1:00 pm the Company organizes a 1Q 2017 result conference call for retail investors. Your questions will be addressed by: Omar Arnaout (CEO) and Paweł Szejko (CFO).
To participate in the conference call, please sign up by sending your name by e-mail to the following address: relacje.inwestorskie@xtb.com
In return you will receive the conference call access data.
X-Trade Brokers Dom Maklerski S.A. hereby informs that pursuant to § 5 section 3 of the Regulations of the General Meeting of Shareholders, the Management Board shall ensure a widely accessible broadcast of the proceedings of the general meeting in real time.
Taking into account the rule I.Z.1.16. of the Best Practice of GPW Listed Companies 2016, which states that “a company should operate a corporate website and publish on it, in a legible form and in a separate section, in addition to information required under the legislation: information about the planned transmission of a general meeting, not later than 7 days before the date of the general meeting”, X-Trade Brokers Dom Maklerski S.A. informs that proceedings of the Ordinary General Meeting of the Company convened for 24 April 2017 at 12:00 will be transmitted online via dedicated internet website available under the below link:
http://streamonline.pl/xtb/index.html
Access to the broadcast will be active shortly before the beginning of the proceedings.
