Getin Noble Bank (GNB)

1.36PLN
+ 4.62% 13:33

Current report 52/2014

20.03.2014

CONCLUSION OF AGREEMENTS WHICH ARE JOINTLY DEEMED SIGNIFICANT AGREEMENT

The Management Board of Getin Noble Bank S.A. (“Issuer”) hereby announces that on 20 March 2014, it concluded with Getin Holding S.A. ("Getin Holding") an agreement on purchase of 858,334 ordinary registered shares in Towarzystwo Ubezpieczeń Europa S.A. with its registered office in Wrocław ("TU Europa"), with the nominal value of PLN 4,00 each, and the total nominal value of PLN 3,433,336, which constitute 9.08% of the share capital of TU Europa and entitle to 9.08% votes at general meetings of shareholders of TU Europa ("Shares"), for the total price of PLN 165,658,462.00.

The Shares shall be purchased through Noble Securities S.A with its registered office in Warsaw on a date agreed by the Issuer and Getin Holding, however not earlier than 15 days after Getin Holding notifies the Financial Supervision Authority of its intention to sale the Shares, as set out in Art. 36 (1) of the Insurance Activity Act dated 22 May 2003. Furthermore, the Issuer reports that on 20 March 2014, it notified the Financial Supervision Authority of its intention to sell the Shares.

The price for Shares shall be paid not later than on 8 April 2014, however the date can be changed upon mutual agreement of the parties.

The Issuer reports that the purpose of the purchase of Shares is to gain regular source of income from dividend from shares held in TU Europa.

Furthermore, the Issuer reports that it concluded with Getin Holding an agreement under which the Issuer established a pledge in favour of Getin Holding with the right to exercise voting rights pertaining to them starting from the date of transferring the Shares to the Issuer.

Legal basis: Article 56(1)(1) of the Polish Act of 25 July 2005 on public offering and the conditions for introducing financial instruments into an organized trading system and on public companies (uniform text published in Journal of Laws of 2013, item 1382).