3rd Jan 2006 07:00
Bank Pekao SA30 December 2005 UNOFFICIAL TRANSLATION (30 December 2005) Current report 31/2005 Sale of financial assets by Bank The Management Board of Bank Polska Kasa Opieki S.A. ("Bank") informs herebythat on 30 December 2005, the Bank (as the Seller) has concluded an agreementwith Grupa Inwestycyjna NYWIG SA with its seat in Warsaw, incorporated into theregister of entrepreneurs maintained by the National Court Registry in Warsaw,XIXth Business Department of the National Court Registry under entry No. KRS0000033685 (as the Purchaser) on the sale of shares of Grupa Inwestycyjna NYWIGSA by virtue of which the Bank sold to GI NYWIG SA 1,230 (say: one thousand twohundred and thirty) of "A" series, registered, privileged shares carrying therights to double dividend and the Company's assets upon its winding-up ofnumbers from 0001 to 1230 of face value equal to PLN 300 for each share,constituting 24.6% of GI NYWIG S.A. company capital and carrying the right to24.6% of votes at the GI NYWIG S.A. General Meeting of Shareholders for thetotal price of PLN 3,400,000 (say: three million four hundred thousand). The Purchaser, pursuant to the provisions of art. 362 (S) 1 item 5 of theCommercial Code, acquired the treasury shares with the purpose of theirredemption, in compliance with the contents of art. 359 of the Commercial Codeand the provisions of (S) 8 item 3 of the Company Articles of Association. The payment for the subject-matter shares will be effected in instalments. The Bank shall hold no shares of GI NYWIG S.A. following the aforementionedtransaction. The information is submitted as the divested share portfolio constitutes morethan 20% of capital of the sold company representing the financial assets ofsubstantial value in the meaning of 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