Locked content GetBack liabilities at PLN 3.32 bln

GetBack balance sheet liabilities stood at PLN 3.32 billion, while in the application for opening of the accelerated arrangement proceedings the liabilities were registered at PLN 2.82 billion, the company reported. Credit and trade liabilities have been verified, conditional liabilities (guarantees...

Locked content CBA apprehends former CEO of GetBack

The former CEO of GetBack Konrad K. was detained by the anti-corruption bureau CBA regarding corruption charges, by order of the public prosecutor’s office in Warsaw. Ewa Bialik, the spokesman for the prosecutor’s office, said that the charges relate, among others, to committing fraud to...

Locked content GetBack CEO sees chance to return to development in 2-3 years

GetBack management sees for the company a chance of returning to the development in 2-3 years. The proposals presented in the restructuring plan may change and the company is open to attract a strategic investor, but currently, nobody is interested, company CEO Przemysław Dąbrowski said. In Dąbrowsk...

Locked content GetBack will verify restructuring plan within 2-3 months

GetBack, which released unaudited results for 2017, estimates that it will review the restructuring plan presented earlier in 2-3 months’ time. The company is working towards reducing costs. In the first quarter it will continue cleaning its balance sheet, GetBack representatives said on Wedne...

Locked content GetBack names Przemysław Dąbrowski new CEO

Troubled WSE-listed debt collector GetBack’s supervisory board in restructuring appointed Przemysław Dąbrowski new CEO and Magdalena Nawłoka as a board member, the company said. At the same time, the management board delegated Paulina Pietkiewicz to a temporary role where she will be responsib...

Locked content GetBack with 2017 preliminary net loss PLN 1 billion

Troubled WSE-listed debt collector GetBack estimated preliminary net loss for 2017 at PLN 1 billion. The loss consists of debt portfolios (60 percent), goodwill and intangible assets (22 percent), provisions, contingent liabilities (13 percent) and a share in associated entities (5 percent), the com...

Locked content Getback aims to return to normal operations

Troubled WSE-listed debt collector GetBack plans to rebuild the company value and return to normal operations. The company doesn’t exclude sale of some portfolios. A scenario with attracting an investor or investors is also possible, company representatives said. “Getback will honestly and timely in...

Locked content GetBack to unveil restructuring plan. Acting CEO resigns

Troubled WSE-listed debt collector Getback will ask unsecured creditors to accept 34.64 percent of their debt payments in equity and pay out the rest of the debt in payments spread out till end-2025, the company’s restructuring proposal submitted to the regional court shown. The majority of the cash...

Locked content GetBack to be removed from WSE indices

Troubled WSE-listed debt collector GetBack shares will be removed from the bourse indices, including the mid-cap index WIG40 following May 8 session, WSE said in a market filing. Getback shares were marked by WSE “in specific manner.” The company will be replaced by biotech firm Mabion in the WIG40 ...