Brief: WSE Signs Term Sheet With TGE, Hungarian National Bank And BSE To Create Central Post-Trade Solutions

Gielda Papierow Wartosciowych w Warszawie SA

16/12/2021 12:46

Dec 16 (Reuters) - Gielda Papierow Wartosciowych w Warszawie
SA  GPW.WA :
    * SIGNS TERM SHEET WITH TGE, HUNGARIAN NATIONAL BANK,
BUDAPEST
STOCK EXCHANGE (BSE)
    * PARTIES PLAN TO CREATE CENTRAL POST-TRADE SOLUTIONS BY
SEPT 30,
2022
    * CENTRAL POST-TRADE SOLUTIONS TO OFFER POST TRANSACTIONAL
SOLUTIONS ON COMMODITY MARKETS
    * FOLLOWING ESTABLISHMENT OF CENTRAL POST-TRADE SOLITIONS,
TGE
WILL TRANSFER IN KIND IRGIT SHARES TO CENTRAL POST-TRADE
SOLUTIONS
    * FOLLOWING ESTABLISHMENT OF CENTRAL POST-TRADE SOLUTIONS,
NATIONAL HUNGARIAN BANK AND BUDAPEST STOCK EXCHANGE TO TRANSFER
IN KIND ALL IN-DIRECTLY AND DIRECTLY HELD STAKE IN KELER CCP TO
CENTRAL POST-TRADE SOLUTIONS
    * TERM SHEET AGREEMENT ASSUMES THAT FOLLOWING ESTABLISHMENT
OF
CENTRAL POST-TRADE SOLUTIONS, POLISH SIDE WILL BE MAJORITY
SHAREHOLDER IN COMPANY

Source text for Eikon:  ID:nEM7NMXjsa 
Further company coverage:  GPW.WA 

 (Reporting by Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com;))