Legal basis:
Paragraph 5.1.6 of the Ordinance of the Minister of Finance of 19 February 2009 on current and periodic information published by issuers of securities and the conditions for regarding information required by the law of a non-member state as equivalent.
The report:
The Management Board of Powszechna Kasa Oszczędności Bank Polski Spółka Akcyjna (the “PKO Bank Polski” or “Bank”) hereby informs that on 8 August 2012 PKO Bank Polski purchased for the purpose of their redemption banking debt securities ("BDS") issued by the Bank of five issues in the number of 34, 40, 26, 6 and 30 units respectively.
The legal basis for the purchase of above-mentioned banking securities are the Terms of Structured BDS Issue.
The reason of the purchase of BDS was the will of the parties of the transactions and its purpose is redemption of BDS. The average unit purchase price of each BDS issue was PLN 1021.00, PLN 1028.00, PLN 972.00, PLN 975.00 and PLN 991.00 respectively.
The above-mentioned securities purchased by the Bank were issued within the confines of the Bank's BDS programs, under which the Bank may issue multiple BDS (issued and not repurchased in the duration of the program), up to the outstanding total nominal value of PLN 10,000,000,000 or equivalent of this amount in EUR, USD for the particular time.