Locked content GetBack should file additional arrangement proposals by Nov. 6

The court required GetBack to submit additional versions of arrangement proposals by November 6. The company also has to deposit PLN 30 million as security to possible investment agreement. The voting on arrangement proposals has been postponed. The new term will be communicated after November 6 and...

Locked content GetBack with new offers to bondholders

WSE-listed debt collector GetBack put forward a new offer to its debtor increasing the cash installments to 38 percent from the previous 31 percent. The remainder of the debt would be paid in equity conversion. The company proposes that the repayment of the bondholders will take place in sixteen ins...

Locked content GetBack reports H1 prelim. net loss of PLN 1.12 bln

GetBack preliminary net loss in H1 amounted to about PLN 1.12 billion compared to profit of PLN 111.6 million a year ago, the company reported. Operating loss in H1 stood at PLN 826.8 million compared to profit of PLN 156.1 million a year ago. The group recorded negative net revenue of PLN 392 milli...

Locked content GetBack receives three offers for selected assets

By October 4 GetBack has received three offers for purchase of selected company assets, including offers to buy debt portfolios, GetBack said in a statement. According to the board, the offers are in line with the company’s need for rehabilitation. The offers will be presented to CreditorsR...

Locked content Esaliens TFI withdraws from merger with Altus TFI

WSE-listed fund manager Altus TFI will not be merging with Esaliens TFI after the latter withdrew from the plan. According to Esaliens, its shareholders would not approve such decision given the current situation, Altus said in a market filing. Both companies signed a preliminary deal back in June w...

Locked content Altus: GetBack arrests won’t affect our operations

After two former executives of the WSE-listed fund manager Altus TFI were arrested in connection with the troubled WSE-listed debt collector GetBack, the company said that it won’t affect its operations “a bit.” “We would like to assure our investors, clients, and contractors that all processes and ...

Locked content Two more people detained in GetBack case

Central Anti-Corruption Bureau (CBA) detained two more people in relation to the GetBack corruption case. GetBack bought shares of another listed company for over PLN 207 million, while their value was estimated at only PLN 28 million, CBA said. Officers also found out that the acquired company had ...

Locked content GetBack shareholders want the company to continue

The Ordinary General Meeting of troubled WSE-listed debt collector GetBack decided on Monday in favor of continuing the company’s activities. At the same time, it did not grant a vote of approval to the former CEO and members of the management board. It includes Konrad Kąkolewski who was dismissed a...

Locked content GetBack proposes to pay bondholders 31%

Troubled debt collector GetBack updated arrangement proposal with bondholders and offered to pay 31 percent instead of earlier planned 27 percent. The adjusted proposal is based on an assessment of the company’s current financial condition and takes into account a lack of investor, ongoing neg...