PrivatBank
The emission of shares considered void
PrivatBank 15.07.2011 17:19 Dissemination of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- AS 'PrivatBank' hereby informs that the major shareholders of the Public Joint-Stock Company Commercial Bank 'PrivatBank' (PJSC CB 'PrivatBank'), have made a decision to withdraw from participation in the new emission of shares aimed at the increasing of the equity capital of AS 'PrivatBank' to 106 470 000 lats as per Regulations for the increase of equity capital of AS 'PrivatBank' approved by the General meeting of shareholders of 23 March 2011 (Minutes No. 01/2011). The justification for the mentioned decision has been a possibility of enhancement of requirements for banking supervision in case any physical persons acquire substantial shareholding in the bank equity capital (general European banking supervision practice). On 15 July 2011 the Board of the Bank passed a resolution (Minutes No. 26/2011) to regard the emission of shares announced 23 March 2011 as null and void. At present the possibility of increasing the equity capital of AS 'PrivatBank' through PJSC CB 'PrivatBank' in accordance with the applicable law of Ukraine is being considered. Gita Markovska AS 'PrivatBank' Head of Marketing and Advertising Department Phone (371) 67041382 Gita_Markovska@privatbank.lv News Source: NASDAQ OMX 15.07.2011 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: PrivatBank Latvia Phone: Fax: E-mail: Internet: ISIN: LV0000800332 WKN: End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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