24 Oct 2017 07:00
UNOFFICIAL TRANSLATION
23.10.2017 - Report 56/2017: Disclosure of the delayed inside information regarding actualization of the Bank's strategy referring to potential investment opportunities.
Due to the fact that the reason for the delay of inside information is no longer valid, the Management Board of Bank Polska Kasa Opieki S.A. acting on the basis of Article 17 sections 1, 4 and 7 of European Parliament and Council Regulation (EU) No 596/2014 on market abuse and repealing Directive 2003/6 / EC of the European Parliament and of the Council and Commission Directive 2003/124 / EC, 2003/125 / EC and 2004 / 72 / EC (Journal of Laws No 2014, No. 173, page 1, as amended, hereinafter referred to as "MAR"), hereby transfers the following confidential information regarding the update of the Bank's strategy for reviewing potential investment opportunities. Publication of Confidential Information was delayed on October 11, 2017, pursuant to Article 17 section 4 of MAR.
Text of delayed information:
Delayed Confidential Information of 11th October, 2017
The Management Board of Bank Polska Kasa Opieki S.A. ("Bank") hereby informs that as a part of ongoing work on actualisation of the Bank's strategy for the coming years, the Bank reviews potential investment opportunities.
Current analyzes are preliminary.
At this stage, the Bank is considering a series of scenarios, including initiating work to study feasibility and cost-effectiveness, and assessing the potential conditions for the acquisition and / or merger (merger) with Polish financial institution - Alior Bank S.A.
In the Management Board's opinion, undertaken activities preceds eventual negotiations in relation to which the delay of disclosure is the justified interest of the Bank.
At this stage, the decisions are purely directional and are intended only for analytical work, but in the case of positive results it may affect the final decision, and disclosure at the decision stage could jeopardize the public's judgment and negatively impact the implementation of possible takeover plan and / or merger.
Legal basis: Art. 17 sec. 4 in connection with Art. 17 sec. 1 of MAR - inside information.