Current Report No. 43/2020: Closing and settlement of buyback transaction
November 18, 2020 at 01:01 pm EST
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Further to Current Report No. 36/2020 of October 13th 2020 and Current Report No. 42/2020 of November 16th 2020, the Management Board of KRUK S.A. (the 'Company') announces that today, on November 18th 2020, the ownership of 271,000 KRUK shares repurchased by the Company in connection with the invitation, announced to its shareholders on October 13th 2020, to tender Company shares for sale (the 'Buyback Offer') was transferred to the Company and thus the transaction was settled. The buyback had been carried out in accordance with the rules defined in Resolution 7 of the Company's Annual General Meeting of August 31st 2020 on allocation of KRUK S.A.'s net profit for 2019, authorising the Management Board to buy back Company shares for cancellation, and creation of a capital reserve to fund the share buyback. The transfer of ownership of the shares between the shareholders and the Company was effected outside the regulated market, through Santander Bank Polska S.A. - Santander Brokerage Office, and cleared through the depository and clearing system of the Central Securities Depository of Poland. Under the Buyback Offer, the Company had repurchased an aggregate number of 271,000 shares, with a par value of PLN 1.00 per share, at a price of PLN 350.00 per share and an aggregate price of PLN 94,850,000. The repurchased treasury shares represent 1.43% of the Company's share capital and 1.43% of total voting rights at the Company's General Meeting. Before closing of the buyback transaction, the Company held no treasury shares.
Detailed legal basis: Article 5(3) of the MAR[…]
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KRUK SA published this content on 18 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 November 2020 18:00:00 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.
KRUK SPÓLKA AKCYJNA 
