Getin Noble Bank (GNB)

1.24PLN
+ 0.81% 17:02

Current report number 65/2009

14.07.2009

Purchase of assets of significant value
 

Noble Bank S.A. (the “Issuer”) hereby announces that on 13 July 2009 the Issuer concluded with Getin Holding S.A. with its registered office in Wrocław (“Getin Holding”) agreement of purchase of 785 200 ordinary bearer shares of Towarzystwo Ubezpieczeń Europa S.A. with its registered office in Wrocław (“TU Europa S.A.”) with the nominal value of 4 PLN each, which constitutes as of 13 July 2009 9,9708 per cent of the share capital of TU Europa S.A., and gives 9,9708 per cent of voting rights on the General Meeting of TU Europa S.A. The package of shares was purchased for the price of 67 056 080,00 PLN (in words: sixty seven million fifty six thousand eighty zlotys), which constitutes the amount of 85,40 PLN (in words: eighty five zloty 40/100) per share. The transaction took place on the Warsaw Stock Exchange (package session transaction).

The record value of the assets purchased amounts to 67,056,080.00 PLN (in words: sixty seven million fifty six thousand eighty zlotys). The source of financing of the assets purchased are the Issuer’s own funds.

The shares purchased constitute more than 10 per cent of the Issuer’s equity, therefore they constitute assets of significant value in the meaning of § 2 (1) (45) of the Minister of Finance Regulation of 19 February 2009 on current and periodic reporting by issuers of securities and the rules of equal treatment of the information required by the laws of non-member states (Journal of Laws of 2009 No. 33, item 259).

The assets purchased are long-term capital investment of the Issuer.

TU Europa S.A. is a company, which prior the transaction was in 99,79 per cent a subsidiary of Getin Holding S.A. and the Issuer is a company, in which Getin Holding S.A. owns shares, which constitute 73,64 per cent of the share capital of the Issuer and give 73,64 per cent of voting rights on the General Meeting of the Issuer.

Moreover the President of the Management Board of the Issuer Mr. Jarosław Augustyniak is the Chairman of the Supervisory Board of TU Europa S.A., and the Chairman of the Supervisory Board of the Issuer Mr. Krzysztof Rosiński is the Vice-President of the Management Board of TU Europa S.A. and the President of the Management Board of Getin Holding S.A. The Member of the Supervisory Board of the Issuer Mr. Radosław Stefurak is the Member of the Management Board of Getin Holding S.A. and the Secretary of the Supervisory Board of TU Europa S.A. and the Member of the Supervisory Board of the Issuer Mr. Dariusz Niedośpiał is the Member of the Supervisory Board of TU Europa S.A. Moreover, the Member of the Supervisory Board of the Issuer Mr. Remigiusz Baliński is the Vice-Chairman of the Supervisory Board of Getin Holding S.A. and the Vice-Chairman of the Supervisory Board of TU Europa S.A.

Legal basis: § 5 (1) (1) read with § 2 (5) and § 7 of the Minister of Finance Regulation of 19 February 2009 on current and periodic reporting by issuers of securities and the rules of equal treatment of the information required by the laws of non-member states (Journal of Laws of 2009 No. 33, item 259).