29th Nov 2006 16:24
Bank Pekao SA29 November 2006 UNOFFICIAL TRANSLATION (29th November '06) Report 106/2006: Intention to acquire the shares of Joint-Stock Commercial BankHVB Bank Ukraine in Kiev Bank Polska Kasa Opieki S.A. would like to announce its intention to acquire upto 100% of shares in the Joint-Stock Commercial Bank HVB Bank Ukraine, with itsseat in Kiev, Ukraine (HVB Bank Ukraine). The total nominal value of the sharesis UAH 109,834,200 (one hundred and nine million, eight hundred and thirty fourthousand, two hundred Ukrainian Hryvnia). The HVB Bank Ukraine shares will be acquired as a result of Bank Pekao S.A.based on an assignment agreement to be concluded with UniCredito Italiano S.p.A.(UCI), UCI's rights under Share Purchase Agreement of September 12, 2006 betweenUCI as the purchaser and Bayerische Hypo- und Vereinsbank AG as the seller,regarding 1,098,342 ordinary shares in HVB Bank Ukraine. The acquisition of the HVB Bank Ukraine shares will take place after allcorporate authorizations have been obtained and all legal requirements underUkrainian and Polish laws have been satisfied. The intention to acquire the shares in HVB Bank Ukraine is in line with BankPekao S.A.'s strategy of reinforcing its presence on the Ukrainian market, andcomplies with Resolution No. 20/KNB/06 of the Banking Supervision Commissiondated April 5, 2006, regarding a permit to vote the shares at Bank BPH S.A.'sGeneral Meeting. Legal basis: Art. 154 of the Act on Trading in Financial Instruments of July 29,2005. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
BPKD.L