1st Nov 2006 07:00
Bank Pekao SA31 October 2006 UNOFFICIAL TRANSLATION (31st October '06) Report 100/2006: Sale of financial assets of significant value by Bank The Management Board of Bank Polska Kasa Opieki S.A. ("Bank") informs herebythat on 31st October 2006, the Bank concluded an agreement with Europa HawkS.a.r.l. with its seat in Luxemburg (as the Purchaser) on the sale of shares ofHotel Jan III Sobieski limited liability company by virtue of which the Banksold to Purchaser 142,876 (say: one hundred forty two thousand eight hundred andseventy six) shares of face value equal to PLN 540 for each share, constituting49.398 % of Hotel Jan III Sobieski limited liability company capital andcarrying the right to 49.398% of votes at the Hotel Jan III Sobieski GeneralMeeting of Shareholders for the total price of EUR 11,135,697 (say: elevenmillion one hundred thirty five thousand six hundred ninety seven) that statesPLN 43,285,567.81 (say: PLN forty three million two hundred eighty five thousandfive hundred sixty seven and 81/100) according to NBP exchange table nr 212/A/NBP/2006 as of 31st October 2006. The net book value of the sold share in the Bank's books and ledgers is equal toPLN 45,922,418.23 (say: PLN forty five million nine hundred twenty two thousandfour hundred eighteen and 23/100). The sold assets had the character ofshort-term investment. The Bank shall hold no shares of Hotel Jan III Sobieski limited liabilitycompany following the aforementioned transaction. The information is submitted as the divested shares portfolio constitutes morethan 20% of share capital of sold company, which shares were Bank's financialassets and representing the financial assets of substantial value in the meaningof the regulation. Legal basis: Section 5 subsection 1 clause 1 in connection with section 2 subsection 5 of theOrdinance of the Minister of Finance, dated 19 October 2005 re: current andperiodical 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