Announcements

Agreement between the Treasury and BGK for sale of rights to PKO BP S.A. shares

The Treasury and Bank Gospodarstwa Krajowego (BGK) have concluded the agreement for the sale of rights to shares of series “D” in PKO BP S.A. Pursuant to the Agreement, BGK is obliged to buy all rights to which the Treasury is entitled and then acquire all newly issued shares in PKO BP S.A., to which BGK will be entitled pursuant to the acquired rights.

The rights will be sold in a block transaction on 15 October 2009, which is the last day when the rights will be available for trade on the Stock Exchange.

As a result of submitting the subscription order, BGK will acquire 128,102,731 newly issued shares in PKO BP S.A., which corresponds to a little more than 10% of the total number of votes at the General Meeting of Shareholders.
Bank Gospodarstwa Krajowego is Poland’s only state owned bank. Its mission is providing services for the public finance sector. The bank supports government’s social and economic programs and regional development programs implemented by self-governments. Apart from government programs, the bank is also active in the corporate clients market.
 

Publication date : 09.10.2009

Published by : Aleksandra Karpowicz
Author : Public Relations Office

Statystyka strony: 966 wizyt