Locked content Idea Bank’s management calms investors after recent stock plunges

The management of WSE-listed Idea Bank issued a statement in which it reiterated that the lender is in stable condition and recent stock declines have “no fundamental grounds.” “There are no fundamental grounds justifying the recent stock price fluctuations. The bank’s situation is stable,” th...

Locked content GetBack fails to make payments on its bonds

According to portal Obligacje.pl, troubled WSE-listed debt collector GetBack did not make the interest payments on its PLN 16.3 million GB21019 bonds. According to the website, the quarterly payments estimated at PLN 230,000k were not deposited by the Monday deadline, and the Central Securities Depo...

Locked content GetBack approves new share issue

Troubled WSE-listed debt collector GetBack approved an issue of up to 50 million shares in a move to raise much-needed capital. “We want to conduct the issue as soon as possible,” acting CEO Kenneth William Maynard said, refraining from commenting on the possible price “The statement on the price we...

Locked content Kąkolewski dismissed from GetBack CEO post

WSE-listed debt collector GetBack dismissed Konrad Kąkolewski from CEO post effective immediately. The board appointed Kenneth William Maynard interim CEO till June 15, the company said in a statement. In addition, Anna Paczuska and Marek Patuła resigned from being board members with immediate effec...

Locked content GetBack signs letter of intent with foreign industry investor

WSE-listed debt collector GetBack signed a letter of intent with an unnamed foreign industry investor regarding purchasing company’s shares in the planned private placement issue, the company said in a market filing. GetBack added that this investor has not been named in the previous company’s filin...

Locked content Arbis interested in GetBack private placement

Equity fund Abris Capital Partners is interested in participating in the private placement offer of WSE-listed debt collector GetBack, the company said in a market filing. Arbis currently controls 60 percent stake and wants to retain similar stake after the new share issue. Abris wants to buy shares...

Locked content GetBack finds Israeli investors interested in providing funding

WSE-listed debt collector GetBack has received declarations from three Israeli investors regarding possible capital injection, the company said in a market filing. They include Shavit Capital Fund, Leumi Investment Services, and Cukierman & Co Investment House. “These are entities operating on i...