The Management Board of KRUK S.A. (the “Company”) announces that on June 8th 2019 a debt assignment agreement (the “Agreement”) was concluded between the Company’s subsidiary InvestCapital LTD of Malta (the “Buyer”) and Getback Recovery S.R.L. of Bucharest. The Agreement provides for the purchase of an unsecured debt portfolio for the price 41,2m RON (PLN 37,4m at the mid exchange rate quoted by the National Bank of Poland for June 7th 2019). The ownership title to the debts covered by the Agreement will be transferred to the Buyer provided that the price is paid and the insolvency administrator appointed in the accelerated arrangement proceedings of GetBack S.A. w restrukturyzacji (in restructuring) approves the transaction. The Agreement does not provide for any significant contractual penalties. The other terms and conditions of the Agreement do not differ from those commonly used in agreements of such type.
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