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Dom Maklerski Bank Ochrony Środowiska Spółka Akcyjna ul. Marszałkowska 78/80 00-517 Warszawawww.bossa.pl Information: (+48) 0 801 104 104
This report has been prepared by Dom Maklerski Bank Ochrony Środowiska SA with its registered office in Warsaw (hereinafter DM BOŚ).
Completion of works on this report: 30 January 2019, 8:00. Distribution of this report: 30 January 2019, 8:10.
The report is an investment study within the meaning of the Delegated Commission Regulation (EU) 2017/565 of 25 April 2016 supplementing Directive 2014/65 / EU of the European Parliament and of the Council with regard to organizational requirements and operating conditions for investment companies and concepts defined on the needs of this directive. This report is a recommendation within the meaning of the "Delegated Commission Regulation (EU) No 2016/958 of 9 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council as regards regulatory technical standards concerning measures technical for the purpose of an objective presentation of investment recommendations or other information recommending or suggesting an investment strategy and disclosure of particular interests or indications of conflicts of interest "and has been prepared solely for information purposes. This report does not constitute investment advice or investment advice referred to in art. 76 of the Act on Trading in Financial Instruments of July 29, 2005 (Journal of Laws of 2014, item 94, as amended), legal or tax advice, nor is it an indication that any investment is appropriate in an individual situation investor. Any information or opinions expressed in the report do not constitute an invitation or offer to buy or sell securities referred to in this document. The investment opinions expressed constitute independent, current opinions of DM BOŚ. This study has been prepared with due diligence and reliability. The report uses public sources of information, ie press releases, industry publications, financial statements of the issuer, its current and periodic reports, as well as information obtained at meetings and during telephone conversations with representatives of the issuer prior to the date of issuance of the report. Mentioned sources of information DM BOŚ considers reliable and accurate, but it does not guarantee their completeness. All estimates and opinions contained in this report constitute an assessment of DM BOŚ on the day of its issuance. DM BOŚ is an investment company within the meaning of the Act of 29 July 2005 on trading in financial instruments (Journal of Laws of 2014, item 94, as amended). Supervision over DM BOŚ is exercised by the Polish Financial Supervision Authority, Pl. Powstańców Warszawy 1, 00-950 Warsaw. DM BOŚ, its management bodies, supervisory bodies and employees are not responsible for decisions taken on the basis of the report and investment opinions contained therein as well as their effects. Responsibility for investment decisions taken on the basis of the report is only borne by investors. The study is intended for the exclusive use of own investors - retail and professional clients of DM BOŚ. No part of the report may be disseminated, reproduced or transmitted in any form without the prior written consent of DM BOŚ. This report is made available on the day of its issuance to professional and retail clients under the Agreement for sharing recommendations prepared by DM BOŚ or other agreement containing the DM obligation BOŚ to make recommendations available to these clients. This report may be made available to other DM BOŚ Clients on dates and on terms specified by the Director of DM BOŚ. The abbreviated version of the report is published no earlier than on the seventh day after the date of first disclosure. DM BOŚ has internal regulations for active management of conflicts of interest, in which internal organizational and administrative solutions as well as information barriers established for the purpose of prevention have been specified. and avoiding conflicts of interest regarding recommendations. A special organizational measure is the creation of "Chinese walls", or information barriers that prevent uncontrolled flow of information between individual organizational units or DM BOŚ employees, which have been separated by individual organizational units of DM BOŚ. In justified cases, DM BOŚ creates "Chinese walls" also in connection with the implementation of a specific project. Possible conflicts of interest regarding a specific recommendation, which is available to the public or a wide range of people, are disclosed in the recommendation or in a document attached to it. The person (persons) preparing this report receive variable remuneration indirectly dependent on the financial results of DM BOŚ, which in turn depend on - among others - on the result achieved from the provision of brokerage services. DM BOŚ sends reports via e-mail or makes them available via the software specified by DM BOŚ, in accordance with the acceptance order submitted by the Customer in the relevant brokerage services contract. BOŚ SA does not have a long / short net position exceeding 0.5% in the issuer's share capital in total for the aforementioned companies.
Apart from the aforementioned cases, between DM BOŚ, analyst / analysts preparing this report and issuer / issuers of securities, to which this report relates, there are no links and circumstances which can be reasonably expected to have a negative impact on the objectivity of the Recommendation , taking into account interests or conflicts of interest on their part or from any natural or legal person regarding a financial instrument or issuer. DM BOŚ did not conclude service contracts in the form of recommendations for the company / companies under analysis. This report has not been forwarded to the analyzed company prior to its distribution to customers.
This document is a translation of a full or abbreviated version of the report, which was prepared in English. In the event of language discrepancies, the English version shall prevail. The history of the recommendation and the distribution of recommendations is contained in the full version of the report in English available at www.bossa.pl.
The report concerns the company: Dino
Content was translated automatically.