Current Report No. 42/2020: Information about tenders of shares accepted from company’s shareholders as part of the share buyback
November 16, 2020 at 02:45 pm EST
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Further to Current Report No. 36/2020 of October 13th 2020, the Management Board of KRUK S.A. (the Company) announces that today it has received a notification from Santander Bank Polska S.A. - Santander Brokerage Office (Brokerage Office) stating that during the acceptance period for tenders to sell the Company's shares by Brokerage Office, i.e. from October 19th to November 13th 2020, a total of 1.659 tenders to sell a total of 17.312.434 shares in the Company were accepted.
The number of accepted tenders to sell more than 29 but fewer than 70 shares is 393, comprising a total of 17.349 shares and after taking into account tenders made repeatedly from one account (6 tenders for a total of 306 shares), 387 tenders for a total of 17.043 shares were subject to preferential allotment. The tenders to sell more than 29 but fewer than 70 shares have been allotted 387 shares.
The number of accepted tenders to sell no more than 29 shares or no fewer than 70 shares is 1.269, comprising a total of 17.295.391 shares. Following a pro rata reduction of the tenders to sell no more than 29 shares or no fewer than 70 shares, the average reduction rate has been set at 98,44%. The tenders to sell no more than 29 shares have not been allotted any shares, whereas the tenders to sell no fewer than 70 shares have been allotted a total of 270.613 shares.
In aggregate, the Company will repurchase 271,000 shares at a price of PLN 350.00 per share. The planned date of settlement of the Buyback Offer is November 18th 2020.
Detailed legal basis: Article 5(3) of the MAR[…]
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KRUK SA published this content on 16 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 November 2020 19:44:05 UTC
Kruk SA is a Poland-based company, which is engaged in the business support industry. The Company is a multi-operator, which offers loss prevention and debt collection services. The Company divides its business into two main operating segments: Debt Purchase, including acquisition of non-performing debt portfolios, and Debt Collection Outsourcing, offering fee-based collection of debt on clientâs behalf, focused on consumer and corporate loans. The Company provides services to financial institutions and large corporate customers. It manages receivables of banks, credit intermediaries, leasing companies and digital platform providers, among others. The Companyâs operating activities concentrate in a number of countries, such as Poland, Romania, Czech Republic, Slovakia and Spain. The Company's subsidiaries include Kruk Deutschland GmbH, Presco Investments Sarl and Espand Soluciones de Gestion y Recuperacion de Deuda SL, among others.