Getin Noble Bank (GNB)

-5.41% 17:01

Current report number 85/2009


Management Board’s Report

The Management Board of Noble Bank S.A. (the “Issuer”) announces that on 26 October 2009 the Issuer concluded an agreement with Mr. Klaudiusz Sytek, Mr. Marek Kołtun, Mr. Piotr Osipiuk and the company Factor Management Team sp.z o.o. with its registered office in Warsaw  (“FMT”) (“the Agreement”), on the basis of which the Investment Agreement concluded between the Issuer and the abovementioned persons and FMT on 28 July 2008, amended by the Annex dated 14 August 2008 (“the Investment Agreement”), about which the Issuer informed in Current report 45/2008 dated 29 July 2008 and Current report 51/2008 dated 14 August 2008, has been terminated, effective 26 October 2009.

The abovementioned decision has been made by the parties of the Investment Agreement due to incompletion of the Business Plan foreseen in the Investment Agreement.

Moreover, on the basis of the Agreement the Issuer concluded also with FMT as a buyer a separate conditional agreement for the sale of 100 % of registered shares of the company Introfactor S.A. with its registered office in Warsaw. The transfer of property and possession of the shares of the company Introfactor S.A. to FMT might be executed until 30 January 2010 under the suspensive condition that the company Introfactor S.A. until 30 January 2010 pays off the working capital credit contracted with the Issuer.

Legal basis: art. 56 sec. 1 point 1 of the Act of 25 July 2005 on public offerings and the conditions for introducing financial instruments into an organized trading system and on public companies (Journal of Laws of 2005, No. 184, item 1539, later amended).