As at December 31st 2019, the share capital of PGNiG was approximately PLN 5.78bn. 

Shareholding structure at the end of 2019
Shareholders
Number of shares/voting rights as at Dec 31 2018
Percentage of share capital/total voting rights at the GM as at Dec 31 2018
Change in 2019
Number of shares/voting rights as at Dec 31 2019
Percentage of share capital/total voting rights at the GM as at Dec 31 2019
State Treasury
4,153,706,157
71.88%
-
4,153,706,157
71.88%
Others, including:
1,624,608,700
28.12%
-
1,624,608,700
28.12%
    - OFE*
569,056,636
9.85%
43,121,901
612,178,537
10.59%
Total
5,778,314,857
100.00%
-
5,778,314,857
100.00%
* Data based on annual asset specifications of open-end pension funds as at December 30th 2019.

Shareholding structure comparison [%]

Percentage of PGNiG share capital held by Polish institutional investors at the end of 2019 [%]

The largest investors in Europe (excluding Poland) in PGNiG’s shareholding structure [%]

Geographical structure of the 20 largest institutional investors*

Source: In-house analysis based on annual asset specifications of open-end pension funds as at December 30th 2019.
* [%] percentage share in the PGNiG shareholding structure.