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Kruk S.A. — Capital/Financing Update 2021
Dec 24, 2021
5678_rns_2021-12-24_819ce845-ced9-4b15-b2dd-e482594c0b8d.html
Capital/Financing Update
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Current Report No. 61/2021
Date of the report: December 24th 2021
Subject: Execution of debt assignment agreement on Romanian market
Legal basis: Article 17_1_ of MAR - Inside information
Text of the report:
The Management Board of KRUK S.A. (the "Company") announces that todaythe agreement (the "Agreement") was concluded between the Company'ssubsidiary - InvestCapital LTD of Malta, and UniCredit ConsumerFinancing IFN S.A. of Bucharest, Romania. The Agreement provides for thepurchase of debt portfolios comprising unsecured consumer loans, with anaggregate nominal value of up to RON 240m (PLN 224m translated at theaverage exchange rate quoted by the National Bank of Poland for December24th 2021). The Agreement stipulates that the debt portfolios will bepurchased in 24 monthly tranches. Terms and conditions of the Agreementdo not differ from those commonly used in agreements of such type.