30th Mar 2007 17:00
Bank Pekao SA30 March 2007 UNOFFICIAL TRANSLATION Report 57/2007: Acquisition of 100% shares in Joint Stock Commercial Bank HVBBank Ukraine The Management Board of Bank Polska Kasa Opieki S.A. informs, that on March 30,2007 Bank Polska Kasa Opieki S.A. purchased 1,098,342 ordinary shares (say:hryvnas one million ninety eight thousand three hundred forty two) with thenominal value of UAH 100 (say: hryvnas one hundred) each share in Joint StockCommercial Bank HVB Bank Ukraine with its seat in Kiev, in Ukraine ("HVB BankUkraine"), of a total nominal value of shares of UAH 109,834,200 (say: hryvnasone hundred nine million eight hundred thirty four thousand two hundred), whichconstitutes the equivalent of PLN 63,352,366.56 (say: zloty sixty three millionthree hundred fifty two thousand three hundred sixty six and 56/100) inaccordance with the exchange rates table of the National Bank of Poland no. 64/A/NBP/2007 of March 30, 2007 for the price of EUR 84,276,544.55 (say: euro eightyfour million two hundred seventy six thousand five hundred forty four and 55/100), which constitutes the equivalent of PLN 326,108,089.14 (say: zloty threehundred twenty six million one hundred eight thousand eighty nine and 14/100) inaccordance with the exchange rates table of NBP no. 64/A/NBP/2007 of March 30,2007. The acquisition of 100% shares of HVB Bank Ukraine was effected as a result ofentering by Bank Polska Kasa Opieki S.A., by virtue of the assignment agreementas of 20 December 2006, concluded with Bank UniCredito Italiano S.p.A. (UCI),into rights of UCI, arising from the sale agreement of 1,098,342 ordinary sharesof HVB Bank Ukraine, concluded on September 12, 2006 between UCI as thepurchaser and Bayerische Hypo- Und Vereinsbank AG as the seller. Pursuant to theaforementioned sale agreement the acquisition of the said shares by Bank PolskaKasa Opieki S.A. was effected after the receipt of necessary corporate consentsand fulfillment of conditions of the Ukrainian and Polish law regulations. Bank Polska Kasa Opieki S.A. currently holds shares of the total nominal valueof UAH 109,834,200 (say: hryvnas one hundred nine million eight hundred thirtyfour thousand two hundred), which constitute 100% of the share capital of HVBBank Ukraine and give right to 100% votes at the general shareholders meeting ofHVB Bank Ukraine The acquisition of shares of HVB Bank Ukraine is a long-term capital investmentand it is related to the Bank Polska Kasa Opieki S.A. strategy to intensify itspresence on the Ukrainian market and it is in compliance with the Resolution ofthe Banking Supervision Commission No 20/KNB/06 dated 5 April 2006 concerningissuing consent to exercising right to vote at the general meeting ofshareholders of Bank BPH S.A The acquisition of shares of HVB Bank Ukraine was effected with own funds ofBank Polska Kasa Opieki S.A Bank Polska Kasa Opieki S.A. and Bayerische Hypo- Und Vereinsbank AG belong tothe UCI Group. The assets acquired are recognized as the assets of substantial value due to thefact that they exceed 20% of the share capital of HVB Bank Ukraine. Legal basis: Section 5 item 1 point 1 of the Ordinance of the Finance Minister of October 19,2005 on current and periodical information submitted by the issuers of securities This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
BPKD.L