Getin Holding S.A. (Issuer) reports that on 11 June 2015 it was informed on the satisfaction of one of the conditions precedent set forth in (i) the conditional agreement to sell 302,772,458 shares, accounting for 76.2657% stake in the share capital of Open Joint Stock Company Custodian Bank based in Krasnodar, Russian Federation ( Idea Bank Russia) with Closed Joint Stock Company Fora-Opportunity Russian Bank ('Forus Bank'), (ii) the conditional agreement to sell 19,651,343 shares accounting for 4.95% stake in the share capital of Idea Bank Russia with an individual 1, (iii) the conditional agreement to sell 19,651,342 shares accounting for 4.95% stake in the share capital of Idea Bank Russia with an individual 2; and (iv) the conditional agreement to sell 39,302,686 shares accounting for 9.90% stake in the share capital of Idea with an individual 3, i.e. the execution of the agreement to assign receivables of Idea Bank Russia to OOO Carcade based in Kaliningrad, Russian Federation (Carcade sp. z o. o.) that guarantees Idea Bank Russia that Carcade sp. z o. o. shall buy out overdue agreements earlier transferred to Idea Bank Russia under a factoring agreement.
The transaction shall be completed upon the satisfaction of all conditions set forth in the agreements, which shall be reported by the Issuer in a separate report.
The Issuer reported the conclusion of conditional agreements to sell shares in Idea Bank Russia in Current Report No. 20/2015 dated 7 April 2015.
Legal basis: Art. 56 (1)(1), in connection with Art. 56 (5) of the Act on Public Offer and Conditions of Introducing Financial Instruments to the Organized Public Trading and Public Companies dated 29 July 2005 (J. L. of 2013, item 1382).
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