REG - Bank Pekao SA - Notification on acquisition of phantom shares

Bank Polska Kasa Opieki SAAnnouncement

12/08/2020 10:40

RNS Number : 9246V
  
Bank Pekao S.A.
  
12 August 2020
  
 

 
UNOFFICIAL TRANSLATION 
 
08.08.2020 - 42/2020: Notification on acquisition of Bank's phantom shares submitted by person discharging managerial responsibilities at the Bank, in connection with the execution of the Variable Compensation Systems in force at the Bank for the Management Staff
 
Bank Polska Kasa Opieki Spółka Akcyjna ("Bank") hereby informs that the Bank received from person discharging managerial responsibilities in the Bank, the notification on acquisition of Bank's phantom shares ("Notification") in connection with the execution of the Variable Compensation Systems in force at the Bank for the Management Staff. The Notification is attached herewith.
 
Legal basis: Article 19 (3) of MAR Resolution
 

 

 
 
Notification of transaction/transactions* referred to in Article 19(1) of MAR Regulation
 



1


Details of the person discharging managerial responsibilities or person closely associated with such a person




a)


Name


Grzegorz Olszewski




2


Reason for the notification




a)


Position/status


Vice President of Management Board




b)


Initial notification/amendment


Initial notification




3


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor




a)


Name


Bank Pekao SA




b)


LEI


5493000LKS7B3UTF7H35




4


Details of the transaction: section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted




a)


Description of the financial instrument, type of instrument 
 
 
 
 
Identification code





Phantom Shares - a derivative instrument in the meaning of the Act on Trading in Financial Instruments, whose base instrument is the share value of Bank Pekao SA on the WSE, being a component of the variable remuneration in accordance with the Bank's binding Rules of Executive Variable Compensation System for the Management Staff
 
Identification code: not available 








b)


Transaction type


Acquisition of Phantom Shares for the year 2019, except that the above Phantom shares remain in the retention period  (date of acquisition 2020-08-05)
 




c)


Price(s) and volume(s)


Price(s)
 


Volume(s)












- for acquired phantom shares for the year 2019:  100.0986- average prices of closing shares quotations of the Bank on the Warsaw Stock Exchange S.A. from 30 calendar days preceding the meeting of the Supervisory Board on which it assessed the Bank's financial statements for 2019


volume of acquired  phantom shares for the year 2019: 1 644.89
 
 
 
 
 
 




































d)


Aggregated information 
- Total volume
 
Aggregated volume 
- Price


 
- 1 644.89 (number of acquired phantom shares)
 
- 100.0986




e)


Transaction date


2020-08-05
 




f)


Place of the transaction


Outside a trading venue



 
(1) COMMISION IMPLEMENTING REGULATION (UE) 2016/523 of 10 March 2016 r. laying down implementing technical standards with regard to the format and template for notification and public disclosure of managers' transactions in accordance with REGULATION (UE) NO 596/2014 OF THE EUROPEAN PARLIAMNET AND OF THE COUNCIL
 
(2) COMMISSION DELEGATED REGULATION (UE) 2016/522 of 17 December 2015 r. supplementing REGULATION (UE) No 596/2014 OF THE EUROPEAN PARLAMENT AND OF THE COUNCIL as regards an exemption for certain third countries public bodies and central banks, the indicators of market manipulation, the disclosure thresholds, the competent authority for notifications of delays, the permission for trading during closed periods and types of notifiable managers' transactions by persons discharging managerial responsibilities subject to notification
 


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