Getin shareholders to consider increasing capital by 70% with issue

Former president of Lukas Bank, Piotr Stępniak has taken up the position of group president, while Leszek Czarnecki will head Getin Bank, which belongs to the group. In return for 26.3% of Getin Bank's capital, which showed profits of at least zł.51 million last year, Leszek Czarnecki will receive 114.3 million of the new shares issued by the group. With the current evaluation of Getin, the stake is worth zł.400 million. The issuing of another 105 million shares is an attempt to increase the company's capital which is in need of some zł.200 million for further development. The expected price of the new shares is zł.2.4. (Puls Biznesu, p. 8) A.K.