Ladies and gentlemen, the English interpretation is available. Welcome at the annual general meeting. We apologize for the little technical commotion and the short delay, which only proves that ICT services are badly needed in every corporation and that the market is only going to grow. May I ask to the top table, notary public? My name is Maciej Krzysztof Witucki. I am H ead of the Supervisory Board of Orange Polska S.A. Now, this meeting was summoned by means of the resolution of March the 18th, and the announcement was placed on the corporate website and published together with the current report based on the statute. We are now commencing the proceedings, which are webcast, and we have participants participating remotely via electronic means of communication. Item one on the agenda is the election of the chairman.
I may ask technical colleagues who have been fighting with the technical glitches we had to tell us how candidates can be put forward and how the vote is going to be performed. Very good morning to you. Every person authorized to vote received a tablet. You can see how many votes you actually represent. The voting system is very straightforward. When it comes to the ballot, you will see the title, and there will be three decision buttons. You need to elect one, which will take you to another window. You'll see your prior decision, and then you'll confirm. You need to confirm your decision, your choice. If you make a mistake, you can always use the second window level and use the button return and make correction. After the vote is actually calculated by the system, you cannot intervene.
We'll be at your disposal throughout the proceedings if you need any assistance. If there are any questions at the moment, thank you very much for your attention. May I ask for the candidates for chairmanship of this annual general meeting? These may be candidates elected out of those who are eligible to participate in the meeting today. Are there any candidates, please?
[Foreign language]
Let me tell you all that Mr. Jacek Krausz's candidacy has just been put forward. I cannot see any other candidates. There are none. Mr. Jacek Krausz, do you agree to serve as Chairman of this meeting? Yes, I do. Thank you very much because only one candidacy was put forward. Are there any objections to the candidate? Cannot see, cannot hear any. Therefore, based on 5.3 of our rules, I now declare that Mr. Jacek Krausz has been appointed Chairman of this annual general meeting, and I hand over the chairmanship to you, Mr. Krausz. Thank you.
[Foreign language]
I will need a minute or two to sort out the documentation before I move on to carrying the proceedings.
[Foreign language] .
I will not be repeating the obvious, which is the date and the mode of announcing this meeting and the date of publication because a Chairman of the Supervisory Board already did it. We are now moving on to an important item on the agenda, and that is a statement that the meeting is valid and capable to adopt resolutions. Now, proxies and the list of participants, I need to review the two.
[Foreign language] .
All right. I'm signed off the list of participants. It will be placed out at the reception table throughout the meeting, and the changes in share ownership will be currently noted as we move along. There are plenty of potentials of three stakeholders, shareholders participating remotely. 1,081,526,589 shares are being represented, and this is the ballot value: 82.1447% of the equity, which effectively means that because of the lack of quorum, this meeting is made valid. So my conclusion is that the meeting is valid and capable of making resolutions.
Let me tell you at the same time that this meeting has the following agenda: opening of the meeting, then election of the Chairman, then statement that the meeting is valid and capable to adopt resolutions, then review of the financial statements and distribution of profit, the reports by the Management, Supervisory Board, report on remuneration for 2024, then adoption of the following resolutions concerning these reports, which is item five on the agenda, and passing opinion on the Supervisory Board's report concerning remuneration in 2024. This requirement has been with us for some time now because of the law on public offering. We will move to the adoption of resolutions on discharge and the performance of duties both of this Management Board members and Supervisory Board members.
Now, after this procedure is completed, we are going to vote on changes in the Supervisory Board which are due to the fact that the mandates of four members have expired and there is a need to make new appointments to the Supervisory Board. The last item on the agenda is closing of the meeting, which is only obvious. This is our agenda for today, and we shall proceed accordingly. Now, review of financial statements of the Orange Polska S.A. and then the Management Board's motion on distribution of profit and the Management Board's report on the activity of the Orange Polska Group and Orange Polska S.A. and the report of the Supervisory Board and then the report of the Supervisory Board on remuneration.
All these documents that we are going to be reviewing will be presented by a President of the Board who will present the performance results of the company. I hand over to you.
Good morning, everyone. Dear shareholders, 2020. The completion of our DOT G rowth Strategy with which we have announced in 2021. Let me please first focus on achievements of the entire strategy. In essence, this strategy was all about commercial growth, growth of revenues in convergence, mobile, fiber, wholesale, IT and AS services, and performance achieved on all these areas was excellent. First, we have significantly increased customer bases, number of services sold, and also revenue per customer, RPOs. As an outcome, it is a 25% growth of revenue from core retail telco services which has been achieved. Second, we began to grab business opportunities in wholesale, reaching 60% of revenue growth in this area. Third, we excelled in providing IT and AS services for digital transformation of the Polish businesses. As a result, as well, we reached a 60% revenue growth in IT and AS revenues.
Value created from commercial activity was significant to offset the huge cost headwinds which we were facing during these four years stemming from growing inflation and energy prices. As a result, we have achieved higher financial outputs and have returned to sustainable dividend payments. In addition to robust financial performance, we have also delivered on a number of environmental and social goals, and the most important of these was a 78% decrease in CO2 emission in scopes one and two versus the base year of 2015. To sum up, the growth strategy has positioned Orange Polska as a leader across all key market segments. Moving forward, yes, and on this slide, we illustrate the core of our value creation. Throughout four years of DOT G rowth Strategy delivery, all three commercial engines have consistently delivered the growth of revenues and of direct margin.
In consumer business, B2C, we focus mainly on convergence supported by fiber. During DOT Growth, we have increased convergence customer base with 20%. Simultaneously, we grew our pool on convergence customer base by 18% thanks to value strategy, growing base of fiber, and popularity of higher speeds options. In B2B for businesses, we solidified our leadership on telco services, and we continued to enhance our role as an integrator and digital solution providers for companies and institutions in Poland. We were successfully growing revenues from all key areas. The third commercial engine, wholesale, on this area activities were an additional way along retail to monetize on our core infrastructure in an open model for the market. Announcing DOT Growth, we declared new opening in wholesale, and results which we have achieved are demonstrating that this strategy was working very well.
Now, as we are summarizing today, 2024, I would like to present you highlights of our new strategy, Lead the Future, which we have announced just a month ago. Lead the Future is built on our strongholds, bringing growth to the next level. It is an evolution, not a revolution. This means that we will leverage on proven strategies, and we will introduce new important initiatives. We strongly believe that we operate in an attractive market that offers and will offer in the coming years good growth opportunities as customers demand more and more connectivity, better connectivity, and also integrated digital solutions. Orange Polska is ideally placed to explore all these trends. On the consumer market, we will enrich our convergence proposition, reaching new households as the Orange customers.
On the business market, we will secure the value of core telecom services where we are a market leader, and we will accelerate on a high potential IT and AS market. A critical supporter of this commercial growth will be our networks and investments in our networks. The next five years will be the era of 5G. By the end of the plan, we will cover with 5G network almost the entire Poland. An important element of Lead the Future is transformation. We will fundamentally transform our operations. One of the key enablers of this transformation will be AI. We will use it to boost customer experience, bringing efficiency to our networks and to our operations. In 2028, we aim to be customer champion, the best-loved and trusted provider of digital services, bringing unmatched connectivity, resilient, reliable, and seamless. All this for sustainable value creation for all stakeholders.
I will stop here and pass the floor to Jacek.
Thank you, Liudmila. Welcome, ladies and gentlemen. It will be my pleasure to present to you our sound financial results for 2024. We have met all our annual objectives, increasing the profit of Orange Polska significantly and reaching PLN 1 billion of organic cash flow. The profits decreased in total, but that resulted from low margin areas and regulations. However, when it comes to our main telecom services, which are all in all key for our profitability, here we experienced growth and at a greater pace than in 2023. This, coupled with good cost discipline, allowed us to boost our EBITDA after leases by 4.6% despite strong inflation pressure. Our increasing EBITDA, coupled with investment expenses disciplined, resulted in solid net results and solid organic cash flow. Our increasing profitability and good capital allocation contributed to improvement of our ROI.
For us, ROI is an important indicator guiding us when it comes to creating value added for shareholders. The next slide presents our results in the perspective of the last four years. As we know, 2024 was the last year of the DOT G rowth Strategy. This slide shows you five basic indicators for the last four years depicting value creation. I think the numbers speak for themselves, starting from revenues up by PLN 1.2 billion, EBITDA after these up by PLN 0.5 billion despite unprecedented challenges related to inflation and the cost of electricity. Organic cash flow up by almost half, and the financial leverage went down by almost 50%. With small, we fundamentally improved our ROCE. All that allowed us to return to sound position and to a position that ensures that we are able to share our profit with our shareholders.
Now, let me tell you more about the results of our growth strategy against the background of our ambitious goals that we have set for ourselves when we were announcing that strategy. As a reminder, our growth strategy was based on increasing revenues and converting our growth through keeping high operational leverage into EBITDA. Subsequently, we wanted to have a stable CapEx allowing us to increase the organic cash flow generated, which would boost the return on capital engaged. After four years, we can proudly say that we have achieved exactly what we were planning to back when we announced the strategy in 2021. Both revenues and EBITDA went up in the upper range of our guidance. CapEx stayed in the medium range of our guidance. ROCE went up five times, allowing us to keep a very stable and sound balance sheet.
Now, let me move on to the guidance for 2025. The key objective for the year is to keep on growing, if I can put it that way. We will hopefully increase our revenues through sound demand for our services and implementation of our strategy. Our key lines of revenues are our basic telecom services, fiber, convergence, and mobile services. They account for around 50% of our revenues and a large share of our margin. EBITDA after these in 2024 went up by 4.6%, which is an ambitious goal for us for 2025. However, we have no doubt that we will be able to continue along the same line, keeping very sound cost discipline and achieving good direct margin. We hope that in a year's time, we will be able again to report to you positive EBITDA change.
When it comes to E-CapEx, we plan to stay in the range of PLN 1.8 billion-PLN 1.9 billion. We plan to invest in the expansion of our 5G network and intend to complete the projects that have already been started related to fiber. The plan is to cover the white spots on the map of Poland with our fiber network. Another not less important element from the perspective of our shareholders is the dividend. Now, to address that issue, let me move on to the next slide. As I've already mentioned, we reached all the goals of our previous strategy. As a result, our shareholders enjoyed an over 40% high return. This stemmed from the stock price and the dividend paid out. Our recommendation to the annual general meeting is to pay out the dividend in the amount of PLN 0.53 per share from the 2024 profit.
This is a 10% increase of dividend vis-à-vis the year before and a third consecutive increase after we returned to paying out dividend back in 2022. We think that this is a clear sign that the Management Board puts great trust in the perspectives and prospects of Orange Polska. Last but not least, let me move on and give you more details about our current strategy that we announced a month ago. This will include the years 2025- 2028. The strategy is titled Lead the Future, and its financial goals revolve around improving our financial results and thus improving the value for our shareholders. We hope that our stock prices will be going up, and this will ensure sound dividend to our shareholders. How do we plan to achieve it?
First of all, we will leverage on the model that worked well for the last four years, focusing on our telecom services and ICT. These growth engines will allow us to keep good profitability and revenues. We plan to couple that with cost discipline, strengthened by another wave of transformation. The expected result is growth of EBITDA after leases in the range of single digit to low to medium throughout the entire period of the strategy. We also hope that our investment will be bringing better and better return. The level of our CapEx will be close to the level from 2024, and the ratio of CapEx to revenue will decrease. Growing EBITDA and stable investment will allow us to increase our organic cash flow. The intention is that in 2028, our organic cash flow is or exceeds PLN 1.2 billion.
At the end of the day, our ambitious goal related to our dividend policy entails also our commitment to ensure that our shareholders can have a stable and sustainable source of dividend. The planned dividend, PLN 0.53 per share, is for us a floor for the entire period of the new strategy. Future dividend growth will be, as until now, decided about yearly, taking into account projections of our financial results and the balance sheet. Thank you very much for your attention, and I'll be more than happy to take your questions should you have any. Thank you very much. I see no questions, no comments, no remarks to the presentations. The results were presented, and I would like to comment them with just a single word: respect. Now, let us now continue to the votes.
We will have to adopt the resolutions concerning approval of the financial statements of Orange Polska for the 2024 financial year, prepared according to the International Financial Reporting Standards. The proposed resolution reads, under Article 53 of the Act on Accounting and Article 393.1, 395.2.1 of the Code of Commercial Companies and Paragraph 13, Item 1 of the Orange Polska Articles of Association, the following resolution is thereby adopted.
Paragraph 1, the annual general meeting approves the Orange Polska IFRS financial statements for 2024, which include income statement for 2024 showing net income of PLN 1,077,000,000, statement of comprehensive income for 2024 showing total comprehensive income of PLN 973,000,000, statement of financial position as at 31 December 2024 with a balance sheet total of PLN 35,352,000,000, statement of changes in equity for 2024 showing an increase in equity by PLN 351,000,000, and statement of cash flows for 2024 showing a decrease in cash and cash equivalents by PLN 286,000,000, as well as notes to the financial statements. The resolution shall come into force on the day of its adoption. For it to enter into force, let me now open the vote. The vote is open. We have the results. 1,081,596,589 valid votes were cast in favor, 1,080,640,451 against, 639,175 votes, abstentions 316,963. The resolution was adopted.
We would like to now continue and vote on another resolution. This will be an open vote. The resolution on the division of profit, distribution of profits, I'm sorry, on the basis of Article 395, Paragraph 2, Item 2 of the Commercial Companies Code and Paragraph 13, Clause 2 of Orange Polska Articles of Association, the following resolution is adopted. The net income of Orange Polska for the 2024 financial year of PLN 1,077,025,514.53 shall be divided in the following manner. For dividend, PLN 695,549,463.87. The amount of dividend shall be PLN 0.53 for each entitled share. To the reserve capital referred to in Paragraph 30, Clause 3 of the Articles of Association, PLN 21,540,510.29, and to the reserve capital PLN 359,933,540.37. The right to dividend is vested with persons being the company's shareholders as of June 25, 2025. This is the so-called dividend day.
The dividends shall be paid on July 9, 2025. The management of Orange Polska recommends to the annual general meeting payment of a cash dividend of PLN 0.53 per share from 2024 profits. This recommendation is in line with the DOT G rowth Strategy , taking into account the company's financial result and projections, which was a justification for the resolution. Let us now continue and open the vote. This is a secret vote, and let me now formally open the vote. The speaker corrects himself. This is an open vote.
[Foreign language]
We have the results of the ballot. The total number of 1,081,596,589 valid votes were cast, which all of them were in favor. There were no abstentions, no votes against, which means that this resolution has been made.
We are now moving on to a ballot on another resolution on approval of the Management Board's report based on Article 33C, Clause 4 of the Accountancy Act and Article 395, Paragraph 5 of the Commercial Companies Code. The following resolution is hereby adopted. The annual general meeting approves the Orange Polska Group IFRS consolidated financial statements for 2024. The resolution comes into force on the day of its adoption. The ballot is now open. The resolution has been adopted. PLN 1,081,596,589 valid votes were cast in favor, PLN 1,080,750,022 votes against, 529,604 abstaining votes, 316,963. The resolution has been adopted and entered into force. Thank you. We are now moving on to a next ballot on approval of the consolidated group result based on Article 63C, Paragraph 4 of the Accountancy Act and Article 395, Paragraph 5 of the Commercial Companies Code. The following is being adopted.
The annual general meeting approves the Orange Polska IFRS consolidated statements, which include consolidated income statement for 2024 showing net income of PLN 913,000,000, including net income attributable to owners of Orange Polska S.A. of PLN 913,000,000, consolidated statement of comprehensive income for 2024 showing total comprehensive income of PLN 817,000,000, including total comprehensive income attributable to owners of Orange Polska S.A. of PLN 817,000,000, consolidated statement of financial position as of December 31, 2024, with a balance sheet total of PLN 26,598,000,000, consolidated statement of changes in equity for 2024 showing an increase in total equity by PLN 195,000,000, including an increase in equity attributable to owners of Orange Polska S.A. by PLN 195,000,000, consolidated statement of cash flows for 2024 showing a decrease in cash and cash equivalents by PLN 247,000,000, and notes to the consolidated financial statements.
The resolution comes into force on the day of its adoption. I now open an open ballot on this resolution. 1,081,596,589 valid votes have been cast in favor, 1,080,640,451 against, 639,175 abstentions, 316,963 votes, which means that the resolution has been adopted. We are now moving on to a ballot on a next resolution on approval of the Supervisory Board report for the 2024 financial year. The Supervisory Board of Orange Polska S.A. for 2024 is approved. The resolution enters into force upon adoption. It is an open ballot. I now open the vote. 1,081,596,589 valid votes have been cast in favor, 1,080,750,022 votes against, 529,604 valid votes, abstaining votes, 316,963. The resolution has thus been made. We are now moving on to our next ballot on expressing an opinion on the report of the Supervisory Board on remuneration.
A positive opinion on the report of the Supervisory Board on remuneration of the members of the Management Board and Supervisory Board of Orange Polska S.A. in 2024 is expressed. The resolution enters into force upon adoption. I now open an open ballot. 1,081,596,589 valid votes were cast in favor, 1,078,477,641 votes against, 3,118,948 votes, and no abstentions at all, which means that the resolution has obviously been adopted. We are moving on to a series of resolutions which concern granting approval of the performance of duties first of the Management Board members and then Supervisory Board members. All these resolutions will be made in a secret ballot because they concern personnel issues. First, we're going to vote on the approval of the performance of duties of the Chairperson of the Management Board.
The approval of the performance of Liudmila Klim of her duties as President of the Management Board of Orange Polska in financial year 2024 is granted. I now open a secret ballot. Here is the result of the ballot. 1,081,596,589 votes were cast in favor, 1,080,759,702 votes against, 345,774 votes, and abstentions, 491,113 votes. The resolution has been made and the approval of the performance of duties has been granted. Another resolution. The approval of the performance by Madame Jolanta Barbara Duczyńska, Deputy President of the Management Board, of her duties as Deputy President of the Management Board of Orange Polska in financial year 2024 is granted. I now open a secret ballot. The resolution has been made. 1,081,596,589 valid votes were cast in favor, 1,080,759,702 votes against, 345,774 votes, abstaining, 491,113 votes. The approval of the performance of duties has just been granted.
We are now moving on to another ballot as regards granting approval of the performance of duties. The resolution reads, "The approval of the performance by Bożena Katarzyna Leśniewska, Deputy Chairman of the Board of her duties as Deputy Chairman of the Board of the Orange Polska S.A. in financial year 2024 is granted." It is a secret ballot, and I open the vote. The number of votes cast is exactly the same as before in favor of the resolution, where 1,080,759,702 votes against, 345,774 votes abstaining, where 491,113 votes. The approval of the performance of duties has been granted, and the resolution has been made. We are now moving on to another ballot on granting approval of the performance of duties of a management board member.
The approval of the performance by Mr. Witold Ryszard Grusz, a member of the Board of his duties in the Orange Polska in financial year 2024 is granted. I now open a secret ballot. 1,081,596,589 votes were cast in favor. No, against, were 345,774 abstaining votes, 491,113 votes, which means that the resolution has been adopted. We are now moving on to another vote on granting approval and performance of duties, which reads as follows. "The approval of the performance by Piotr Tadeusz Jaworski, member of the Management Board of Orange Polska in financial year of 2024 is granted. I now open a secret ballot." I'm afraid that until the end of this meeting, no open ballots will be performed. No, the total number is unchanged. In favor of votes were 1,080,759,702 votes. Against were 345,774 votes. Abstaining were 491,113 votes, which means that the resolution has been made.
Therefore, Mr. Jaworski has received the approval of the performance of his duties. I am moving on to another ballot. The approval of the performance by Mr. Jacek Kowalski, which reads as follows. "The approval of the performance by Mr. Jacek Kowalski of his duties as member of the Management Board of Orange Polska S.A. in financial year 2024 is granted. I now open a secret ballot." Here are the results of the ballot. 1,081,596,589 valid votes were cast in favor, where 1,080,759,702 votes against were 345,774 votes, and abstaining were 491,113 votes, which means that the approval has been granted and the resolution is effectively made.
We are now moving on to a ballot on approval of the performance of duties of Mr. Jacek Marek Kunicki, which reads as follows. " The approval of the performance by Jacek Marek Kunicki of his duties as member of the Management Board of Orange Polska S.A. in the financial year 2024 is granted." The resolution will be effective upon its adoption. It is a secret ballot.
[Foreign language]
The total number of votes is unchanged, of which in favor were 1,080,759,702 votes, against were 345,774 votes, and abstaining were 491,113 votes, which means that Mr. Kunicki has been granted approval of the performance of his duties. We are now moving on to another ballot on approval of the performance of duties of Mr. Maciej Mateusz Nowochoński, which reads as follows. "The approval of the performance by Mr. Maciej Mateusz Nowochoński of his duties as member of the Orange Polska S.A. Management Board in financial year 2024 is granted. It is a secret ballot."
The total number of votes is unchanged, of which in favor were 1,080,759,702 votes, against were 345,774 votes, and abstaining were 491,113 votes. The resolution has been made. The approval of the performance of duties has been granted.
[Foreign language]
Let us now continue with another vote on granting approval for members of the Supervisory Board. Let me start with the Chairperson of the Supervisory Board, Maciej Krzysztof Witucki. The resolution reads as follows. "The approval of the performance by Maciej Krzysztof Witucki of his duties as the Chairperson of the Orange Polska Supervisory Board in financial year 2024 is granted. I now open a secret ballot." Let me present the results of the vote. In favor, 1,800,759,702 votes, against, 345,774 votes. Abstentions, 491,113. The approval of the performance of duties of Maciej Krzysztof Witucki was granted. The resolution was adopted.
We shall now continue with a vote on another resolution on granting approval of the performance of duties of Marie-Noëlle Jégot-Laversière, Deputy Chairperson of the Supervisory Board. The approval of the performance by Marie-Noëlle Jégot-Laversière of her duties as the Chairperson of the Orange Polska Supervisory Board in the financial year 2024 is hereby granted. Let me open a secret ballot now. The number of valid votes cast remains unchanged. In favor, for granting approval of the performance of duties by Marie-Noëlle Jégot-Laversière, 1,080,759,702 votes. Against, 345,774 votes. Abstentions, 491,113. The resolution has been adopted. Let us vote on another resolution on granting approval of the performance of duties by Laurent Martinet. The approval of the performance by Laurent Martinet of his duties as the Deputy Chairperson of the Orange Polska Supervisory Board in financial year 2024 is granted. Let me now open a secret ballot. Mr.
Laurent Martinet was granted approval of the performance of his duties. The number of votes cast in favor, 1,080,759,702; against, 345,774. Abstentions, 491,113. The next vote will be on granting approval of the performance of duties by Marc Ricau. The resolution reads, "The approval of the performance by Marc Ricau of his duties as the Secretary of the Orange Polska Supervisory Board in financial year 2024 is granted." I open the secret ballot now. The number of valid votes cast remains unchanged. The number in favor was 1,080,759,702. Votes against, 345,774. Abstentions, 491,113. Marc Ricau was granted approval of the performance of his duties. Let us now vote on the resolution on granting approval of the performance of duties for Mr.
Philippe Béguin, which reads, "The approval of the performance by Philippe Béguin of his duties as a member of the Orange Polska Supervisory Board in financial year 2024 is granted." Let me now open a secret ballot. The number of valid votes cast remains unchanged. In favor, 1,080,759,702 votes. Against, 345,774. Abstentions, 491,113. Philippe Béguin was granted approval of the performance of his duties. Next vote concerns granting approval of the performance of duties of Bénédicte David. The resolution reads as follows. "The approval of the performance by Bénédicte David of her duties as a member of the Orange Polska Supervisory Board in financial year 2024 is hereby granted. I now open a secret ballot." Pani Bénédicte David was granted approval on the performance of duties. 1,080,759,702 votes were cast in favor, 345,774 against. Abstentions, 491,113. The resolution has been adopted.
We shall now continue with voting on granting approval of the performance of duties by Bartosz Dobrzyński, member of the Supervisory Board. The resolution reads as follows. "The approval of the performance by Bartosz Dobrzyński of his duties as a member of the Orange Polska Supervisory Board in financial year 2024 is granted. I now open a secret ballot." The number of votes cast remains unchanged. Votes in favor, 1,080,759,702; against, 345,774. Abstentions, 441,113. The resolution has been adopted. The next vote will concern granting approval of the performance of duties by Clarisse Herrière-Dubré, member of the Supervisory Board. The resolution reads as follows. "The approval of the performance by Clarisse Herrière-Dubré of her duties as a member of the Orange Polska Supervisory Board in financial year 2024 is granted. Secret vote is now open." The number of valid votes cast remains unchanged.
Votes in favor, 1,080,759,702 against, 345,774. Abstentions, 491,113. The resolution has been adopted. The next vote will concern granting approval on the performance of duties by John Russell Holden. The resolution reads, "The approval of the performance by John Russell Holden of his duties as a member of the Orange Polska Supervisory Board in financial year 2024 is granted." Secret ballot is now open.
[Foreign language]
The number of votes in favor, 1,080,759,702 against, 345,774. Abstentions, 491,113. John Russell Holden was granted approval of the performance of his duties.
We shall now vote on the next resolution on granting approval of the performance of duties, which reads, "The approval of the performance by Monika Aleksandra Nachyła of her duties as a member of the Orange Polska Supervisory Board in financial year 2024 is granted." I now open a secret ballot. Oddano tę samą. The number of votes cast remains unchanged. Votes in favor, 1,080,759,702. Votes against, 345,774. Abstentions, 491,113. Monika Aleksandra Nachyła was granted approval of the performance of her duties. The next vote concerns granting approval on the performance of duties by Maria Płoska-Wiśniewska. The resolution reads, "The approval of the performance by Maria Płoska-Wiśniewska of her duties as a member of the Orange Polska Supervisory Board in financial year 2024 is granted. A secret ballot is now open." Czy nie zmienno liczbę głosów? The number of votes cast remains unchanged.
The number of votes in favour was 1,080,759,702. The number of votes against, 345,774. The number of abstaining votes, 491,113. Maria Płoska-Wiśniewska was therefore granted approval of the performance of her duties. Let us continue and vote on granting approval of the performance of duties of Wioletta Rosołowska as a Supervisory Board member. She held this position until February 9, 2024. However, it is necessary to grant the approval of the performance of her duties. The resolution reads as follows. "The approval of the performance by Wioletta Rosołowska of her duties as a member of the Orange Polska Supervisory Board in financial year 2024 is granted. I now open a secret ballot." The number of valid votes cast remains unchanged. Still, the number of votes in favour was 1,080,759,702. The number of votes against, 345,774. Abstentions, 491,113. The resolution has been adopted. Wioletta Rosołowska was granted approval of the performance of her duties.
[Foreign language]
We are now moving on to a ballot on a next resolution with regard to Monsieur Jean-Michel Thibault, who performed until April 30, 2024. The approval of the performance by Monsieur Jean-Michel Thibault of his duties as a member of the Supervisory Board Orange Polska in financial year 2024 is granted. It is a secret ballot.
[Foreign language] .
The total number of votes is unchanged, of which in favour were 1,080,759,702 votes, against 345,774 votes, and abstaining were 491,113 votes. The resolution has thus been made. We are now moving on to a ballot on granting approval of the performance of duties to Monsieur Adam Jacek Uszpulewicz as a member of the Supervisory Board since April 19, 2024.
The resolution reads as follows. " The approval of the performance by Monsieur Adam Jacek Uszpulewicz of his duties as a member of the Orange Polska Supervisory Board in financial year 2024 is granted. It is a secret ballot." Ogłaszam wyniki. Czy nie zmienno liczbę głosów? Here are the results. The total number of votes remains unchanged. Votes cast remains unchanged. In favour were 1,080,759,702 votes. Against, were 345,774 votes. Abstaining were 491,113 votes.
The resolution has been made. Dobrze. Przystępujemy do głosowania. We are now moving on to another ballot on granting the approval of the performance of duties to Monsieur Jean-Marc Vignelle. The resolution reads as follows. "The approval of the performance by Monsieur Jean-Marc Vignelle of his duties as a member of the Supervisory Board of Orange Polska in financial year 2024 is granted." The secret ballot is now open.
[Foreign language]
The total number of votes cast remains unchanged, of which in favour of granting approval to Monsieur Jean-Marc Vignelle were 1,080,759,702 votes. Against, were 345,774 votes. Abstaining were 491,113 votes, which means that Monsieur Jean-Marc Vignelle has received the approval of the performance of his duties. Now we are moving on to voting on discharge in the performance of duties by Monsieur Thibault Vincent de Tapolle, who has been serving in the capacity of the member of the Supervisory Board since July 19, 2024. The resolution reads as follows. "The approval of the performance by Monsieur Thibault Vincent de Tapolle of his duties as the Orange Polska Supervisory Board member in financial year 2024 is granted. I now open a secret ballot."
[Foreign language]
The total number of votes cast is unchanged, of which in favor of granting approval to Monsieur Thibault Vincent de Tapolle were 1,080,759,702 votes. Against, were 345,774 votes. Abstaining were 400. Yes, abstaining votes were 491,113 votes, which means that the resolution has been made. We are now moving on to another package of resolutions, so to speak. Now, according to my knowledge, at this general meeting, the terms of office of four members of the Supervisory Board are expiring, and this concerns Monsieur Bartosz Dobrzyński, Madame Monika Nachyła, Monsieur Marc Ricau, and Monsieur Maciej Witucki's terms of office. Now, it is imperative for this general meeting to supplement the composition of the Supervisory Board by electing to this board new members.
The shareholder Orange Polska S.A. has presented in the announcement to this meeting the information of four candidates to the Supervisory Board of Orange Polska S.A., and these are the following persons: Monsieur Bartosz Dobrzyński as an independent member for another term of office, Monika Nachyła as an independent member for another term of office, Monsieur Marc Ricau for another term of office, and Monsieur Maciej Witucki for another term of office. The names and the CVs of the four candidates were published on March 20, 2025, and they are available in the meeting's materials presented to the shareholders. We have the four candidates right in front of us, and my question is whether there are any other candidates put forward by the members of this meeting in addition to the ones which have already been proposed by the majority stakeholder.
[Foreign language
There was a lot of time for reflection on this point, and I understand there are no further candidates to be submitted in this procedure. Therefore, we are going to vote on the candidates which have already been made. Let me also tell you that I have the consents issued by the four persons to stand for the membership of the Supervisory Board of Orange Polska S.A., and these consents I hand over to Notary Public. What we need to do is to formally elect these candidates in the alphabetical order. As first, the first resolution that needs to be taken concerns the appointment of a Supervisory Board member of Monsieur Bartosz Dobrzyński. It is a secret ballot. 1,081,596,589 valid votes were cast, of which in favor of appointing Monsieur Dobrzyński were 1,027,835,861 votes. Against were 10,703,641 votes, and abstaining were 43,057,087 votes. The result is very clear.
Monsieur Bartosz Marcin Dobrzyński has been appointed to the membership of the Supervisory Board of Orange Polska S.A.
[Foreign language]
Now we are moving on to another appointment to be made to the Supervisory Board, and that is the appointment of Madame Monika Nachyła. The resolution reads as follows. "Monika Nachyła is appointed to the Orange Polska S.A. Supervisory Board. It is a secret ballot, which I now open."
[Foreign language]
1,081,596,589 votes were cast, of which in favor of appointing Monika Aleksandra Nachyła to the Supervisory Board were 1,027,835,861 votes. Against were 10,703,641 votes and abstentions 43,057,087 votes, which means that Monika Aleksandra Nachyła has been appointed member of the Supervisory Board.
[Foreign language]
Now we move on and vote on the resolution on appointment of Marc Ricau to be a Supervisory Board member.
The resolution reads as follows: "Marc Ricau is appointed to the Orange Polska Supervisory Board. The resolution enters into force upon its adoption. This is a secret ballot." 1,081,596,589 votes, which were valid, were cast. In favour were , I'm sorry, 1,027,831,000 votes. Against: 10,708,502. Abstentions: 43,057,087. Marc Ricau has been appointed to be a Supervisory Board member and last but not least, we shall vote on the appointment of Maciej Witucki. The resolution reads as follows: "Maciej Witucki is appointed to the Orange Polska Supervisory Board. This is a secret ballot." The total number of votes cast was 1,081,596,589. Number of votes in favour: 1,027,835,861. Votes against: 10,703,641. Abstentions: 43,057,087. It is therefore obvious that Monsieur Witucki has been appointed member of the Supervisory Board. This concludes the Annual General Meeting. There's only one item on the agenda: closing the meeting.
As for the coming days, I hope that you will have time to meet, perhaps not for an Annual General Meeting, but to meet your friends and relatives and rest and relax. Thank you and have a good afternoon.