Brief: Getin Holding Supervisory Board Approves Taking Steps To Lower Share Capital

Getin Holding SA

24/11/2021 12:18

Nov 24 (Reuters) - Getin Holding SA  GTN.WA :
    * SAYS SUPERVISORY BOARD APPROVES TAKING STEPS TOWARDS
LOWERING
SHARE CAPITAL BY 740.1 MILLION ZLOTYS
    * SAYS LOWERING WOULD TAKE PLACE BY LOWERING NOMINAL SHARE
VALUE
TO 0.10 ZLOTYPER SHARE FROM 4 ZLOTYSPER SHARE
    * SAYS LOWERING WOULD TAKE PLACE IN ORDER TO PAY 189.8
MILLION
ZLOTYS TO SHAREHOLDERS AND MOVE 550.3 MILLION ZLOTYS TO
SUPPLEMENTARY CAPITAL
    * SAYS MANAGEMENT SAYS PARTIAL PURPOSE OF LOWERING SHARE
CAPITAL
WOULD BE TO COVER COMPANY'S POTENTIAL FUTURE LOSSES
    * SAYS MANAGEMENT SAYS PARTIAL PURPOSE OF LOWERING SHARE
CAPITAL
WOULD ALSO BE TO CREATE CONDITIONS FOR FUTURE PAY OUT TO
SHAREHOLDERS
    * SAYS MANAGEMENT SAYS FUTURE PAYOUT WOULD BE FROM PART OF
SUPPLEMENTARY CAPITAL CREATED FROM COMPANY'S PROFITS

Source text for Eikon:  ID:nEMqj6S9a 
Further company coverage:  GTN.WA 

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