Current Report No. 1/2014
Date of the report: January 10th 2014
Subject: KRUK Group expenditure on debt portfolios in Q4 2013
Legal basis: Art. 56.1.2 of the Public Offering Act – current and periodic information
Text of the report:
In connection with the disclosure policy launched and described in Current Report No. 39/2012 of October 10th 2012, the Management Board of KRUK S.A. (the “Company”) reports that on January 10th 2014 it adopted a resolution specifying the nominal value of debt portfolios purchased and expenditure incurred by KRUK Group companies in Q4 2013. The total expenditure incurred on debt portfolios purchased by the KRUK Group (the “Group”) in Poland and abroad in Q4 2013 amounted to PLN 82.2m, the nominal value of which was PLN 1.00bn. In comparison, the total expenditure on debt portfolios purchased by the Group in Poland and abroad in Q4 2012 was PLN 120.4m, with the nominal value of the debt amounting to PLN 1.08bn.
The total expenditure incurred by the KRUK Group on debt portfolios over 2013 was PLN 367.2m, with the debt carrying a nominal value of PLN 3.79bn. In comparison, the total expenditure on debt portfolios purchased by the Group in Poland and abroad over 2012 was PLN 309.3m, with the nominal value of the debt of PLN 3.58bn.
The Company further reports that full information on the Company's and the Group's financial performance in the financial year 2013 will be presented in a relevant periodic report, whose release date will be disclosed pursuant to Par. 103.1 of the Minister of Finance's Regulation of February 19th 2009 on current and periodic information [...] by the end of the first month of the financial year commencing on January 1st 2014, i.e. by January 31st 2014.
Detailed legal basis: Par. 5.1.25 of the Regulation of the Minister of Finance of February 19th 2009 on current and periodic information to be published by issuers of securities […].