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 ...

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...