Current Report No. 21/2016

17 Jun, 2016

Information on potential impact of acquisition of Visa Europe Limited by Visa Inc. on results of Bank Zachodni WBK S.A. – inside information (the update)

Bank Zachodni WBK S.A. ("Bank") informs you that with reference to the current report no. 1/2016 of 13 January 2016, the Bank was advised of the organization’s participation in the proposed purchase of Visa Europe Limited by Visa Inc. (“Transaction”) with the following Bank’s share of the sale proceeds:

  • - 49,974,289 (in words: forty nine million nine hundred seventy four thousand two hundred eighty nine) euro in cash, and
  • - 18,092 in Series C Visa Inc. preferred shares.

Those payments within the Transaction will be made by the end of Q2 2016.

The deferred cash payment of EUR 1.12bn payable to all participants in the Transaction is also settled; the Bank’s overall percentage of the up-front consideration is 0.3839946336%. According to provided information, the deferred cash payment may be adjusted if any of the circumstances referred to in the Transaction terms & conditions occur and will be paid after the third anniversary of the Transaction closing date.

 

Legal basis:

Article 56 sec. 5 of the Act dated 29 July 2005 on Public Offering, the Conditions Governing the Introduction of Financial Instruments to Organised Trading, and Public Companies (amended and restated: Journal of Laws of 2009, No. 185, item 1439, as amended).

 
Santander Bank Polska S.A. with its registered office in Warsaw, al. Jana Pawła II 17, 00-854 Warszawa, registered by the District Court for the capital city of Warsaw, 12th Commercial Division, set up under regulation of the Council of Ministers of 11 April 1988 on setting up Bank Zachodni in Wrocław (Journal of Laws of 1 July 1988, No. 21, item 142), registered under KRS number 0000008723, REGON 930041341, NIP 896 000 56 73, share capital of PLN 1,020,883,050 paid-up in full. Helpline: 1 9999 – fee as per the operator’s tariff.

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