Current Report No. 9/2014
Date of the report: March 17th 2014
Legal basis: Art. 56.1.2 of the Public Offering Act – current and periodic information
Subject: Transfer of the business of a subsidiary to KRUK S.A. and resolution on dissolving the subsidiary
Text of the report:
The Management Board of KRUK S.A. (the “Company”) reports that, following the transfer of lending activities from Novum Finance Sp. z o.o. of Wrocław (the “Subsidiary”) to KRUK S.A. in 2013, on March 17th 2014 the Subsidiary's Extraordinary General Meeting adopted a resolution to dissolve the Subsidiary. The purpose of the transfer of the Subsidiary's business to the Company and putting the former in liquidation is to optimise costs and streamline the organisational structure. Mr Michał Zasępa has been appointed liquidator of the Subsidiary.
The Company intends to carry on and develop the activity consisting in consumer lending to former debtors of the KRUK Group, based on the Subsidiary's resources and existing expertise of its staff.
The transfer of the lending activities was reported in the Company's extended consolidated interim report for H1 2013.
Legal basis: Par. 5.1.24 of the Regulation of the Minister of Finance of February 19th 2009 on current and periodic information to be published by issuers of securities […].