Current Report No. 1/2015: Expenditure on debt portfolios purchased by the KRUK Group in Q4 2014
Date of the report: January 9th 2015
Subject: Expenditure on debt portfolios purchased by the KRUK Group in Q4 2014
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”) announces that on January 9th 2015 it adopted a resolution specifying the nominal value of debt portfolios purchased and expenditure incurred by KRUK Group companies in Q4 2014. The total expenditure incurred by the KRUK Group (the “Group”) to purchase debt portfolios in Poland and abroad in Q4 2014 amounted to PLN 215.4m, while the nominal value of the debt purchased by the Group in the period was PLN 1.58bn. In comparison, the total expenditure on debt portfolios purchased by the Group in Poland and abroad in Q4 2013 was PLN 82.2m, with the nominal value of the debt amounting to PLN 1.00bn.
The total expenditure incurred by the KRUK Group to purchase debt portfolios in the full year 2014 was PLN 570m, while the nominal value of the debt purchased by the Group in the period amounted to PLN 3.78bn. In comparison, the total expenditure on debt portfolios purchased by the Group in Poland and abroad in the full year 2013 was PLN 367.2m, with the nominal value of the debt amounting to PLN 3.79bn.
The Company further announces that details concerning the financial results achieved by the Company and the Group in the financial year 2014 will be presented in a periodic report whose publication date will be announced pursuant to Par. 103.1 of the Regulation of the Minister of Finance of February 19th 2009 on current and periodic information [...] by the end of the first month of the financial year commencing on January 1st 2015, i.e. by January 31st 2015.
Detailed legal basis: Par. 5.1.25 of the Regulation of the Minister of Finance of February 19th 2009 on current and periodic information […]