Legal basis: Article 56(5) of the Law of 29 July 2005 on Public Offering, Conditions for Introducing Financial Instruments to an Organised System of Trading and Public Companies Contents of the report: Referring to the Current Report no 30/2010 dated 7 July 2010, the Management Board of Powszechna Kasa Oszczędności Bank Polski Spółka Akcyjna (the "Bank") hereby informs that on 20 April 2011 it adopted a resolution on withdrawal from the intention to issue subordinated bonds at the maximum amount up to PLN 5,000 000,000 (five billion) (the "Issue"), the proceeds which were to be allocated for the increase of the Bank's supplementary funds in accordance with Article 127(3)(2)(b) of the Banking Law Act. As a result of the above decision, the Bank shall apply to the Polish Financial Supervision Authority for the annulment of proceedings concerning the authorisation to allocate proceeds from the Issue to increase the Bank's supplementary funds.
2011-04-21