Brief: Altus TFI Says GetBack Files A Lawsuit Requesting Payment Of 134.6 Mln Zlotys

Altus SA

15/09/2020 07:41

Sept 15 (Reuters) - Altus Towarzystwo Funduszy
Inwestycyjnych SA  ALI.WA :
    * SAID ON MONDAY THAT GETBACK HAS FILED A LAWSUIT IN COURT
AGAINST
COMPANY AND TWELVE FUNDS MANAGED IN THE PAST BY THE COMPANY
    * SAYS THAT GETBACK HAS REQUESTED PAYMENT OF 134.6 MILLION
ZLOTYS
WITH INTEREST AS COMPENSATION IN CONNECTION WITH THE ALLEGED
OVERSTATING OF VALUE OF EGB INVESTMENTS SHARES SOLD TO GETBACK
BY FUNDS
    * SAYS THAT GETBACK HAS ALSO REQUESTED FROM THE FUNDS A
POSSIBLE
PAYMENT IN TOTAL AMOUNT OF 207.6 MILLION ZLOTYS WITH INTEREST AS
REIMBURSEMENT OF ALLEGEDLY UNDUE PERFORMANCE IN CONNECTION WITH
THE ALLEGED INVALIDITY OF THE CONTRACTS OF SALE OF SHARES IN EGB
INVESTMENTS DUE TO THE GROSS LACK OF EQUIVALENCE OF THE BENEFITS
OF THE PARTIES AND BREACH OF THE PRINCIPLES OF CONTRACTUAL
EQUITY
    * THE COMPANY DISPUTES ALL THE CLAIMS INDICATED IN THE
LAWSUIT
    * SAYS THAT THE COMPANY AND ITS SUBSIDIARIES WILL TAKE LEGAL
STEPS
TO PROTECT THE COMPANY, ITS SUBSIDIARIES AND THE FUNDS AGAINST
ANY UNJUSTIFIED CLAIMS RAISED IN THE LAWSUIT

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM32ynYYa
    
 Further company coverage:  ALI.WA  
   


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