Source: https://bank.santander.pl/investor-relations/reports/archive/current-report-2007.html
Timestamp: 2019-12-10 03:50:26
Document Index: 392034466

Matched Legal Cases: ['art. 56', '§5', '§ 29', '§32', '§5', '§39', '§ 5', 'Art. 160', '§ 5', 'Art. 65', '§39', '§ 100']

Current report 2007 | Santander Bank Polska
Current report 2007
Informatiomon the disposal of BZWBK shares (Current report no. 54/2007)
Bank Zachodni WBK S.A. Management Board Member advised the Bank that the entity in which he acts as a Supervisory Board Member sold
as part of an ordinary stock exchange transactions on 10 December 2007 20 000 Bank Zachodni WBK S.A. shares, code PLBZ 00000044, for PLN 260,62 per share,
Information of the purchase of BZWBK shares by BZWBK Management Board Member (Current report no. 53/2007)
as part of an ordinary stock exchange transactions on 23 November 2007 12 000 Bank Zachodni WBK S.A. shares, code PLBZ 00000044, for PLN 249,25 per share,
Information of the purchase of BZWBK shares by BZWBK Management Board Member (Current report no. 52/2007)
on 21 November 2007 39 000 Bank Zachodni WBK S.A. shares, code PLBZ 00000044, for 248,00 PLN per share;
on 22 November 2007 34 183 Bank Zachodni WBK S.A. shares, code PLBZ 00000044, for 247,78 PLN per share.
Cooperation of Bank Zachodni WBK with Aviva Ltd (Current Report no. 51/2007)
Management Board of Bank Zachodni WBK hereby informs that
on 20/11/2007, Bank Zachodni WBK based in Wrocław and Aviva International Insurance Ltd. based in London, signed a cooperation agreement, including an agreement regulating principles behind the establishment of two joint stock companies whose planned names are BZWBK-CU Towarzystwo Ubezpieczeń na Życie SA based in Poznań and BZWBK-CU Towarzystwo Ubezpieczeń Ogólnych SA based in Poznań;
in relation to the establishment of the companies referred to in it. 1, BZWBK intends to take up 50% of shares in the share capital of each company with the total value of PLN 72.5m;
the planned acquisition of the shareholding will be paid up with BZWBK own funds;
in relation to the establishment of the companies referred to in it. 1, BZWBK plans that the BZWBK existing employees will represent 50% of the companies’ Management Board and Supervisory Board;
the planned acquisition of the shareholding in the companies referred to in it. 1 is the long-term equity investment of BZWBK.
The establishment of the companies referred to in it. 1 requires the regulatory approval, including approvals from the Financial Supervision Commission and European Commission.
art. 56 sec. 1 item 1) act on public offering and conditions of introducing financial instruments to organized trading system and on public companies, dated 29 July 2005.
Information of the purchase of BZWBK shares by BZWBK Management Board Member (Current report no. 50/2007)
as part of an ordinary stock exchange transactions on 12 November 2007 8 000 Bank Zachodni WBK S.A. shares, code PLBZ 00000044, for PLN 245,81 per share,
Information of the purchase of BZWBK shares by BZWBK Management Board Member (Current report no. 49/2007)
on 08 November 2007 8 225 Bank Zachodni WBK S.A. shares, code PLBZ 00000044, for PLN 254,15 per share,
on 09 November 2007 10 000 Bank Zachodni WBK S.A. shares, code PLBZ 00000044, for PLN 246,77 per share,
Information on the purchase of BZWBK shares by BZWBK Management Board Member (Current report no. 48/2007)
on 02 November 2007 13 766 Bank Zachodni WBK S.A. shares, code PLBZ 00000044, for PLN 271,28 per share,
on 05 November 2007 10 886 Bank Zachodni WBK S.A. shares, code PLBZ 00000044, for PLN 263,22 per share,
Information on the purchase of BZWBK shares by BZWBK Management Board Member (current report no. 47/2007)
on 25 October 2007 40 000 Bank Zachodni WBK S.A. shares, code PLBZ 00000044, for PLN 268,00 per share,
on 29 October 2007 4 000 Bank Zachodni WBK S.A. shares, code PLBZ 00000044, for PLN 269,80 per share,
Information on the disposal of BZWBK shares
as part of an ordinary stock exchange transactions on 11 October 2007 10 000 Bank Zachodni WBK S.A. shares, code PLBZ 00000044, for PLN 285,30 per share,
Information on the purchase of BZWBK shares by BZWBK Management Board Member (Current report no. 45/2007)
on 02 October 2007 30 000 Bank Zachodni WBK S.A. shares, code PLBZ 00000044, for PLN 260,12 per share,
.on 03 October 2007 17 000 Bank Zachodni WBK S.A. shares, code PLBZ 00000044, for PLN 264,00 per share,
Information on the disposal of BZWBK shares (Current report no. 44/2007)
as part of an ordinary stock exchange transactions on 19 September 2007 15 000 Bank Zachodni WBK S.A. shares, code PLBZ 00000044, for PLN 276,19 per share.
Information on the disposal of BZWBK shares (Current report no. 43/2007)
as part of an ordinary stock exchange transactions on 31 August 2007 21 818 Bank Zachodni WBK S.A. shares, code PLBZ 00000044, for 254,97 zł PLN per share.
Information on the purchase of BZWBK shares by BZWBK Management Board member (Current report no. 41/2007)
on 16 August 2007 15 000 Bank Zachodni WBK S.A. shares, code PLBZ 00000044, for PLN 244,80 per share,
on 17 August 2007 51 000 Bank Zachodni WBK S.A. shares, code PLBZ 00000044, for PLN 241,52 per share.
Information on the purchase of BZWBK shares by BZWBK Management Board member (Current report no. 40/2007)
on 13 August 2007 17 273 Bank Zachodni WBK S.A. shares, code PLBZ 00000044, for PLN 249,94 per share.
Information on the purchase of BZWBK shares by BZWBK Management Board member (Current report no. 39/2007)
as part of an ordinary stock exchange transactions on 25 July 2007 14 018 Bank Zachodni WBK S.A. shares, code PLBZ 00000044, for PLN 280,00 per share,
Information on the purchase of BZWBK shares by BZWBK Managemnent Board member (Current report no. 38/2007)
on 18 July 2007 10 200 Bank Zachodni WBK S.A. shares, code PLBZ 00000044, for PLN 272,00 per share,
on 19 July 2007 20 000 Bank Zachodni WBK S.A. shares, code PLBZ 00000044, for PLN 279,90 per share.
Appointment of a new Member of Bank Zachodni WBK Management Board (Current report no. 37/2007)
Bank Zachodni WBK SA (“Bank”) hereby informs that on 24 July 2007, the Bank’s Supervisory Board appointed Mr. Andrzej Burliga Member of the Bank’s Management Board.
Andrzej Burliga was born in 1967. He graduated from the Theoretical Mathematics Department at Wrocław University.
In the years 1992-1995, Andrzej Burliga worked in the Institute of Mathematics at the Technical University of Wrocław and in 1995 he started his career with Bank Zachodni SA. In the years 1995-1998, he worked in the Treasury Department of Bank Zachodni SA, where he held the position of a dealer, later senior dealer and chief dealer. In the period from 1998 to 2001, he was the Deputy Head and then the Managing Director of the Treasury Division in Bank Zachodni SA. In the years 2001-2003, he acted as the Head of the Risk Management Department in Bank Zachodni WBK. In 2006, he was appointed Deputy Chief Risk Officer in BZWBK responsible for ongoing management of principal risks faced by BZWBK Group, including credit and operational risks.
Andrzej Burliga participated in many training courses and programs in the area of risk management as well as management, e.g. m. in. INSEAD International Executives Development Programme, BZWBK Development Programme for Executives, LMC Consulting – Lilley Moncrieff Taylor. He is a fellow of PRMIA (Professional Risk Managers’ International Association).
Andrzej Burliga is married, with two children.
§5 sec. 1 item 22 Of Finance Minister’s Ordinance of 19/10/2005 re. current information.
Fitch Affirms Poland's Bank Zachodni WBK at Long-term IDR 'A+' (Current report no.36/2007)
Bank Zachodni WBK S.A. hereby advises that:
“Fitch Ratings-London/Warsaw -4 July 2007: Fitch Ratings has today affirmed Poland-based Bank Zachodni WBK's ("BZWBK") ratings at Long-term Issuer Default 'A+', Short-term Issuer Default 'F1', Individual 'C' and Support '1'. The Outlook is Stable.
"The bank remains well capitalised, while profitability and revenue diversification continue to improve," says Chris Birney, Director with Fitch's Financial Institutions Group. "It appears to have built a solid franchise in retail banking in recent years, despite its unwillingness to lend in Swiss Francs." Swiss Franc retail lending is popular in Poland; it offers lower nominal interest rates but leaves borrowers exposed to risk from exchange rate volatility.
Asset quality improved in 2006 and Q107, and reserve coverage is good. The bank’s ability to measure and manage credit risk has been strengthened by Basel II preparations; BZWBK plans to adopt an internal ratings-based approach to credit risk under Basel II on 1 January 2008.
The Long- and Short-term Issuer Default and Support ratings are based on the extremely high potential for support from BZWBK's controlling shareholder, Allied Irish Banks (“AIB”, rated 'AA-' (AA minus)/Stable Outlook) in case of need. BZWBK represented 6% of AIB’s assets and generated 13% of the group’s pre-tax profit in 2006.
BZWBK is Poland's seventh-largest bank with a 5% share of sector assets. The bank operated through 377 branches and had 8,065 full-time employees at end-March 2007.
AIB is one of the largest banks in Ireland, with EUR8.6bn of equity at end-2006. AIB built a 60.1% stake in WBK between 1995 and 1996. In 1999 AIB acquired 80% of Bank Zachodni SA from the Polish State Treasury and in 2001 merged it with WBK to create BZWBK, in which AIB currently has a 70.5% stake.
Chris Birney, London, Tel: +44 20 7862 4093;
Artur Szeski, Warsaw, +48 22 338 6292;
Tomasz Walkowicz, +48 22 338 62
Media Relations: Hannah Warrington, London, Tel: +44 (0) 207 417 4222
Fitch's rating definitions and the terms of use of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures are also available from the 'Code of Conduct' section of this site”.
Lunch a Long-term Incentive Scheme “Performance Share Plan” (Current report no. 35/2007)
Bank Zachodni WBK hereby informs that in 2007 it has launched Long-term Incentive Scheme 2 “Performance Share Plan” referred to in current report no. 3/2007 of January 26, 2007.
The key information about the issued bonds is presented below:
delivery of objectives underlying the Incentive Scheme 2 adopted by force of Resolution no. 27 on adoption of the Incentive Scheme passed by the Issuer’s General Meeting on 17 April 2007.
registered bonds, dematerialized, with a pre-emptive right to take up series I shares issued pursuant to the following resolutions passed by Bank Zachodni WBK General Meeting on 17 April 2007: no. 28 re. issue of bonds with pre-emptive rights, no. 29 re. conditional increase in the share capital and change to the Company’s Statutes and the following resolutions of the Supervisory Board: of 17 April 2007 re. adoption of the Incentive Scheme Rules, of 20 June 2007 re. defining the Award Holders as well as the act on bonds of 29 June 1995 with subsequent amendments (consolidated text: Journal of Laws 01.120.1300 as amended);
78 341 bonds;
redemption of bonds will take place not later than on 30 November 2010 acc. to their nominal value if criteria entitling the bondholders to convert bonds to series I shares are not met earlier and the bondholders do not exercise their entitlement;
The earlier redemption may also take place when:
Bonds are non-interest bearing.
value of liabilities as at 31 March 2007: PLN 29 366 788k. Until the redemption of bonds issued under Incentive Scheme 2, i.e. until 30 November 2010, Bank Zachodni WBK S.A. does not anticipate any material changes in the volume of obligations vs total liabilities. Potential departures will stem from the current market situation, in particular from product preferences of the existing and prospective customers of BZWBK Group and from competitiveness of deposit-type products offered by the Bank relative to products offered by competitors. The Bank will publish the value of liabilities as at the end of each calendar quarter in periodic reports – in line with legal regulations applicable in this respect and available on the Bank’s internet sites.
the objective of the Bonds’ issue is to ensure the delivery of Incentive Scheme 2 thanks to which the Issuer expects stronger links, loyalty and identification of the Issuer’s managerial cadre with the Issuer as well motivate them to continue their strenuous efforts for the benefit of the Issuer, its customers and shareholders;
bondholders do not lose their entitlement to subscribe series I shares in the case of introducing changes to the Issuer’s Statutes (e.g. in the case of increasing the share capital) which directly impact the fulfillment of criteria for exercising the entitlement; in the circumstances described above, for the purposes of Incentive Scheme 2, a simulation is made to indicate the underlying position as if no changes to the Statutes had been made; when making such a simulation, the assumptions and objectives of Incentive Scheme 2 as well as the principle of protecting the duly acquired rights should be the guiding principles; bondholders do not lose entitlement in the event of a disposal of the entire Banking enterprise or when the Bank is taken over by another entity or when it merges with another entity; if, under the circumstances described above, the entitlements could not be exercised, bondholders acquire the right to cash or non-cash benefits to be provided by the Bank or the Bank’s legal successor, in the form as close as possible to the entitlements which cannot be exercised; the above applies accordingly in case the Incentive Scheme expires for any other reason; payment in relation to the redemption of Bonds takes place within 30 days of submitting the Bonds to the Bank for redemption by way of a transfer of funds to a banking account indicated by the Award Holder; all actions undertaken in situations described in the three paragraphs above should take account of the decisions taken by the Issuer’s General Meeting.
entitlements are valid as of the dates of the occurrence of the premises outlined in Incentive Scheme 2 referred to in the Resolution of the Issuer’s General Meeting of 17 April 2007 re. adoption of the Incentive Scheme (Scheme), Rules of the Incentive Scheme until 31 October 2010.
Ordinance of the Finance Minister of 19 October 2005 re. current and periodic information submitted by issuers of securities – par. 5 sec. 1 item 11.
Statement on compliance with corporate governance principles (Current report no. 34/2007)
In reference to the Bank Zachodni WBK Annual Report published on 22 February 2007 which contained the Bank’s Management Board statement on compliance with corporate governance principles defined in the “2005 Best Practices in public companies” introduced by force of Resolution no. 44/1062/2004 of the Warsaw Stock Exchange Board, the Management Board confirms the application of principles envisaged in the 2005 Best Practices in public companies except for principle no. 42.
Bank Zachodni WBK declared that it would take every effort to have the External Auditor changed at least every five years. This principle cannot be currently applied as in line with the applicable Allied Irish Banks Group (AIB) policy of which BZWBK is a member, a decision has been made to have one and the same Auditor across all AIB Group.
Allied Irish Banks has decided not to change the Auditor which is fully compliant with the European legislation (Directive 2006/43/EC of the European Parliament of 17 May 2006 on statutory audits of annual accounts and consolidated accounts), which regulates, amongst others, the principle of independence of the key partner - the External Auditor that is in charge of carrying out the audit if their change is made at least every seven years.
The important thing is that the process of Bank Zachodni WBK 2006 financial reporting process was tested, by the current Auditor acc. to the standards recommended by Sarbanes-Oxley Act. AIB Group is a company also listed on NYE. This means that all AIB units (including Bank Zachodni WBK S.A. as member of AIB Group) must comply with American requirements stemming from the SOX act (as it is commonly known). The Bank would have to be certain that the agreed accounting procedures and standards will be confirmed next year. Hence, the continuity of the auditor’s function was considered highly desirable.
When appointing an auditor, Supervisory Board of BZWBK takes into account first of all the quality of the offered services and Auditor’s adherence to the global standards whereas the KPMG company ensures the highest quality in all aspects.
The authorities of Bank Zachodni WBK, based on their experience to-date, are deeply convinced that a decision on appointing the Auditor for another year will not impact either the independence or professionalism of the audit.
§ 29 of the Stock Exchange Regulations passed by force of Resolution nos. 5/1114/2006 and 6/1114/2006 of the Stock Exchange Board dated 15 February 2006.
Selection of an entity authorized to audit financial statements (Current report no. 33/2007)
Bank Zachodni WBK S.A. (“Bank”) would like to advise that on 20 June 2007, pursuant to §32 point 10 of the Bank’s Statutes and industry standards, the Supervisory Board passed a resolution whereby KPMG Audyt Sp. z o.o. was selected to audit financial statements and consolidated accounts of the Bank and the Bank Group for 2007.
§5 section 1 point 19 of the Ordinance of the Minister of Finance of 19 October 2005 on current and periodic information disclosed by issuers of securities.
Registration of amendments to the Statutes of BZWBK accepted by the AGM in the National Court Register (Current report no. 32/2007)
Bank Zachodni WBK S.A. would like to advise that the amendments made to the Bank’s Statutes and accepted by the AGM of 17 April 2007 have been included in the National Court Register (as per the decision of the District Court for Wrocław-Fabryczna, Business Department no. VI of the National Court Register, dated 5 June 2007, WR.VI NS-REJ.KRS/008158/07/503 ).
The resolutions adopted by the AGM, which are the basis for changes to the Register, were published in current report no. 18/2007 of 17 April 2007.
§39 section 1 point 2 letter a of the Ordinance of the Minister for Finance as at 19.10.2005 re current and periodic information disclosed by issuers of securities
Information on the disposal of BZWBK shares (Current report no. 31/2007)
Bank Zachodni WBK S.A. Management Board Member advised the Bank that the entity in which he acts as a Supervisory Board Member sold as part of an ordinary stock exchange transactions on:
11 June 2007 10.000 respectively Bank Zachodni WBK S.A. shares, code PLBZ 00000044, for 298,10 PLN per share, respectively
13 June 2007 5.103 respectively Bank Zachodni WBK S.A. shares, code PLBZ 00000044, for 299,80 PLN per share, respectively
Information on the disposal of BZWBK shares (Current report no. 30/2007)
Bank Zachodni WBK S.A. Management Board Member advised the Bank that the entity in which he acts as a Supervisory Board Member sold:
as part of an ordinary stock exchange transactions on 05 June 2007 3 835 Bank Zachodni WBK S.A. shares, code PLBZ 00000044, for 313,00 PLN per share.
Dividend from CU Group companies (Current no. 29/2007)
Bank Zachodni WBK S.A. as a shareholder of the Commercial Union Group companies hereby advises that Annual General Meetings of the Commercial Union Polska Towarzystwo Ubezpieczeń na Życie S.A. and Commercial Union Powszechne Towarzystwo Emerytalne BPH CU WBK S.A, approved dividend payment for the shareholders.
1. from Commercial Union Polska Towarzystwo Ubezpieczeń na Życie S.A. PLN 43.655.742,00
2. from Commercial Union Powszechne Towarzystwo Emerytalne BPH CU WBK S.A. PLN 16.673.510,00
Dividend will have been paid before end of May 2007
Appointment of a new CEO (Update report no. 2)
Bank Zachodni WBK S.A. hereby advises that Mr. Mateusz Morawiecki was appointed President of the Management Board of Bank Zachodni WBK S.A., effective on the 16th. of May 2007. The Banking Supervisory Commission approves appointment of Mr. Mateusz Morawiecki to that position.
Mateusz Morawiecki, born in 1968, is a graduate of Wrocław University, Business Administration Central Connecticut State University, Wrocław Polytechnic, Hamburg University and Basel University (Master of Advanced European Studies). He also holds an MBA granted by the Wrocław School of Economics .
Mateusz Morawiecki began his professional career in 1992 when he joined the Cogito company. Between the years 1993 and 1996, Mateusz Morawiecki worked in the Wrocław based Enter Marketing-Publishing, also doing an internship programme in 1995 in Deutche Bundesbank, while in 1998 he was appointed Deputy Director of the Accession Negotiations Department in the Committee for European Integration being in charge of negotiations around terms & conditions of Poland’s accession to the European Union. From 1998 to 2001, he worked in Bank Zachodni – first as an advisor to the President of the Management Board, then became a managing director and a Management Board Member. In June 2001, Mateusz Morawiecki was appointed Management Board Member of Bank Zachodni WBK.
Mateusz Morawiecki conducts no operations that would be competitive to BZWBK SA. He is not listed in the Register of Insolvent Debtors kept pursuant to the National Court Register Act (KRS).
§ 5 clause 1 point 22 of the Ordinance of the Minister for Finance as at 19.10.2005 re. current and periodic information supplied by issuers of securities
Information on the disposal of BZWBK shares (Current report no. 27/2007)
on 30 April 2007 3 000 Bank Zachodni WBK S.A. shares, code PLBZ 00000044, for 293,00 PLN per share.
on 02 May 2007 10 000 Bank Zachodni WBK S.A. shares, code PLBZ 00000044, for 300,00 PLN per share.
Information on the disposal of BZWBK shares (Current no. 26/2007)
as part of an ordinary stock exchange transactions on 24 April 2007 10 000 Bank Zachodni WBK S.A. shares, code PLBZ 00000044, for PLN 288,00 per share.
Information on the purchase of BZWBK shares by BZWBK Management Board member (Current report no. 25/2007)
A BZWBK Management Board member who is going to step down from his office on 30 April 2007, has advised that :
on the 9th March, 2007, during the regular session trading, he purchased 25 shares of BZWBK, share code PLBZ 00000044, for PLN 239 per share. This means that in 2007 he effected a transaction below Eur 5,000.
Art. 160.4 of the Financial Instruments Trading Act of 29 July 2005
Information on the disposal of BZWBK shares (Current no. 24/2007)
as part of an ordinary stock exchange transactions on 20 April 2007 10 000 Bank Zachodni WBK S.A. shares, code PLBZ 00000044, for 278,40 PLN per share.
Information on the disposal of BZWBK shares (Current no. 23/2007)
as part of an ordinary stock exchange transactions on 17 April 2007 668 Bank Zachodni WBK S.A. shares, code PLBZ 00000044, for 280,52 PLN per share.
Information on the disposal of BZWBK shares (Current report no. 22/2007)
as part of an ordinary stock exchange transactions on 12 April 2007 25 400 Bank Zachodni WBK S.A. shares, code PLBZ 00000044, for 279,84 PLN per share.
AGM of BZWBK SA - list of shareholders with a block of shares in excess of 5% (current report no. 21/2007)
Bank Zachodni WBK S.A. hereby advises that at the Annual General Meeting of the BZ WBK Shareholders held on 17 April 2007, AIB European Investments Ltd. based in Dublin was the only shareholder with at least 5% of the total voting power. The shares held by AIB European Investments Limited carried 51,413,790 votes, which constituted 93,10% votes on this Meeting and 70,5% total votes.
Stepping down from the Supervisory Board position (current report no. 20/2007)
Bank Zachodni WBK S.A. would like to advise that on 17 April 2007 (effective of 17 April 2007), Mr Kieran Crowley stepped down from his position of the Supervisory Board member without disclosing the reason for so doing.
Appointing members of the Supervisory Board (current report no. 19/2007)
Bank Zachodni WBK S.A. hereby advises that the Annual General Meeting of Shareholders of BZ WBK S.A. on 17th of April, 2007 appointed Mr. Maeliosa OhOgartaigh and Mr. James Edward O’Leary to the function of Members of BZ WBK S.A. Supervisory Board.
Maeliosa OhOgartaigh was born in 1959. He graduated with Honors from National University of Ireland in Galway. He was first Member and then became Fellow of the Institute of Chartered Accountants in Ireland. Moreover, Maeliosa OhOgartaigh completed Management studies (M Sc) at Dublin University (Trinity College)/IMI and is a Winner of the prestigious Sir Charles Harvey Award.
Maeliosa OhOgartaigh commenced work in the banking sector in AIB Capital Markets in Ireland's International Financial Services Centre (IFSC), Dublin. In the years 1981-1989, he was Senior Manager in Arthur Andersen & Co. From 1989 to 1994 as an Associate Director/ Director of AIB Venture Capital he was responsible for assessment and management of investments and divestment of venture capital investments. At the same time, he was a Board member of Investee Companies. In the years 1994-2000, Maeliosa OhOgartaigh was Controller in Investment Banking and then Head of Operational Risk in Capital Management Division. From 2000 to 2001, he performed the role of Financial Controller and Head of Operational Risk in CM Division, and in 2001 he was nominated Head of Finance in the Global Treasury. From July 2002 to February 2006, he was Finance Director in AIB Capital Markets Division. In March 2006, he was appointed Head of AIB Group Accounting and Finance (Bankcentre).
Maeliosa OhOgartaigh is a Fellow of the Institute of Chartered Accountants in Ireland, Member of ICAI’s Banking Group Committee and Member of the Financial Executives Association. Moreover, he is a member of AIB Group Assets and Liabilities Committee (ALCO), Chairman of the Group Disclosure Committee and Group Finance Management Committee. He also sits on Group Steering Committee on Basle 2, acts as a Deputy Chairman of AIB Mortgage Bank, Chairman of AIB Mortgage Audit Committee and sits on boards of a number of AIB Operating Subsidiaries.
Maeliosa OhOgartaigh conducts no operations that would be competitive to BZWBK SA. He is not listed in the Register of Insolvent Debtors kept pursuant to the National Court Register Act (KRS).
James Edward O’Leary was born in 1956. He is a graduate of Belvedere College S.J. in Dublin and University College Dublin.
In 1980-1982, James Edward O’Leary worked for the Economic and Social Research Institute in Dublin as a research assistant. For the following year he held a position of the Economics Advisor in the Office of the Taoiseach in Dublin to become an economist on the National Planning Board in 1983. In the years 1984-1987, he was an economist in the National Economic and Social Council in Dublin, while for the following fourteen years he was a Chief Economist in Davy Stockbrokers. Since 2001, James Edward O’Leary has been a lecturer at the Department of Economics of the National University of Ireland in Maynooth.
James O’Leary has held directorships in a few commercial law companies. In the years 1994-1997, he was the Director of the National Statistics Board while from 1995 to 2000 – he sat on Aer Lingus Supervisory Board. For a year (2003-2004) he was also a non-executive director of Gresham Hotels. Since December 2001, he has sat on the AIB Group Board.
James O’Leary conducts no operations that would be competitive to BZWBK SA. He is not listed in the Register of Insolvent Debtors kept pursuant to the National Court Register Act (KRS).
§ 5 clause 1 point 22 of the Ordinance of the Minister for Finance as at 19.10.2005 re. current and periodic information supplied by issuers of securities.
Information on the disposal of BZWBK shares (current report no. 17/2007)
on 30 March 2007 10 000 Bank Zachodni WBK S.A. shares, code PLBZ 00000044, for 273,90 PLN per share.
on 02 April 2007 20 000 Bank Zachodni WBK S.A. shares, code PLBZ 00000044, for 271,67 PLN per share.
Information on the disposal of BZWBK shares (current report no. 16/2007)
Bank Zachodni WBK S.A. Management Board Member advised the Bank that the entity in which he acts as a Supervisory Board Member sold as part of an ordinary stock exchange transactions on 29 March 2007 10 000 Bank Zachodni WBK S.A. shares, code PLBZ 00000044, for 268,70 PLN per share.
Information on the disposal of BZWBK shares (Current report no. 15/2007)
on 26 March 2007 10 000 Bank Zachodni WBK S.A. shares, code PLBZ 00000044, for 264,50 PLN per share.
on 27 March 2007 17 000 Bank Zachodni WBK S.A. shares, code PLBZ 00000044, for 268,41 PLN per share.
Information on the purchase of BZWBK shares (report nr 14/2007)
Bank Zachodni WBK S.A. Management Board Member advised the Bank that the entity in which he acts as a Supervisory Board Member bought as part of an ordinary stock exchange transactions on 13 March 2007 8 700 Bank Zachodni WBK S.A. shares, code PLBZ 00000044, for PLN 236,95 per share.
Significant Agreement (report no. 13/2007)
Bank Zachodni WBK S.A. informs that on 20th March 2007 it has executed a loan agreement in tranches with 11 borrowers, being a part of one capital group, for the purpose of financing of acquisitions of real properties and constructions of real properties.
The subject of the agreement is sanctioning by Bank Zachodni WBK SA loans up to the total amount of EUR 116,542,507.00 and PLN 97,098,487.50 with final repayment date on 28th February 2018.
Interest rate was set based on EURIBOR or WIBOR increased by a margin.
The agreement was deemed as significant due to the value of sanctioned loans, which might reach EUR 116,542, 507.00 and PLN 97,098,487.50, and this exceeds 10% of share capital of Bank Zachodni WBK S.A. as of 31st December 2006.
Ordinance of the Finance Minister of 19 October 2005 re. current and periodic information submitted by issuers of securities - par. 5 sec. 1 item 3.
Change of BZWBK Group consolidated quarterly report 1 Q 2007 publication date (current report no. 12/2007)
Bank Zachodni WBK S.A. announces that the publishing of the 1Q consolidated SAB QSr1-2007 report has been rescheduled from 7 May 2007 and shall take place on 25 April 2007.
Information on the purchase of BZWBK shares (report no. 11/200
on 08 March 2007 6 147 Bank Zachodni WBK S.A. shares, code PLBZ 00000044, for 236,80 PLN per share.
on 09 March 2007 306 Bank Zachodni WBK S.A. shares, code PLBZ 00000044, for 236,72 PLN per share.
List of information notes for public announcements in 2006 (report no. 10/2007)
Bank Zachodni WBK Management Board hereby advises that in 2006 the bank announced through public notes the following reports (described in the following order: report number, topic of the report, date of announcement):
1/2006 Information on the disposal of BZWBK shares, 02-01-2006
2/2006 Chin the dates of periodical reports for 2005, 04-01-2006
3/2006 Information on the disposal of BZWBK shares, 04-01-2006
4/2006 Information on the disposal of BZWBK shares, 09-01-2006
5/2006 Information on the disposal of BZWBK shares, 10-01-2006
6/2006 Information on the purchase of BZWBK shares (2005), 11-01-2006
7/2006 Information on the disposal of BZWBK shares, 13-01-2006
8/2006 Dates of publishing periodical reports, 24-01-2006
9/2006 Resignation of BZWBK president, 25-01-2006
10/2006 Information on entering to KRS amendments in the bank’s Statutes adopted by EGM, 25-01-2006
11/2006 Incentive Scheme for BZWBK Management and the subsidiaries, 26-01-2006
12/2006 Settlement of transactions re. the disposal of PROTEKTOR shares, 01-02-2006
13/2006 Information on the disposal of BZWBK shares, 08-02-2006
14/2006 Information on the disposal of BZWBK shares, 13-02-2006
15/2006 Information on the disposal of BZWBK shares, 20-02-2006
16/2006 Dividend proposal for 2005, 22-02-2006
17/2006 Information on the disposal of BZWBK shares, 23-02-2006
18/2006 List of information notes for public announcements in 2005; 06-03-2006
19/2006 The convening of BZWBK AGM and content of draft resolutions; 10-03-2006
20/2006 Information on the purchase of BZWBK shares, 16-03-2006
21/2006 Information on the purchase of BZWBK shares, 17-03-2006
22/2006 Information on the purchase of BZWBK shares, 21-03-2006
23/2006 Information on the purchase of BZWBK shares, 22-03-2006
24/2006 Information on the purchase of BZWBK shares, 29-03-2006
25/2006 Information on the purchase of BZWBK shares, 29-03-2006
26/2006 Information on the purchase of BZWBK shares, 31-03-2006
27/2006 Adoption of BZWBK AGM resolution, 04-04-2006
28/2006 BZWBK AGM - a list of shareholders with over 5% stake, 04-04-2006
29/2006 New term in office of BZWBK Management Board, 04-04-2006
30/2006 Information on the purchase of BZWBK shares, 10-04-2006
31/2006 Information on the purchase of BZWBK shares, 10-04-2006
32/2006 Information on the purchase of BZWBK shares, 10-04-2006
33/2006 Change in the date of publishing the consolidated quarterly report, 13-04-2006
34/2006 Information on the disposal of BZWBK shares, 20-04-2006
35/2006 Information on the disposal of BZWBK shares, 27-04-2006
36/2066 Information on the disposal of BZWBK shares, 04-05-2006
37/2006 Information on the disposal of BZWBK shares, 11-05-2006
38/2006 Transfer of the ownership title to the shares held by BZWBK in AIB WBK Fund Management Sp.z o.o., 11-05-2006
39/2006 Information on the disposal of BZWBK shares, 16-05-2006
40/2006 Dividend from the company from the Commercial Union Group, 23-05-2006
41/2006 Dividend from the companies from the Commercial Union Group, 25-05-2006
42/2006 Information on the purchase of BZWBK shares, 25-05-2006
43/2006 Information on the purchase of BZWBK shares, 31-05-2006
44/2006 Information on the purchase of BZWBK shares, 02-06-2006
45/2006 Entering to the Court Register amendments to the BZWBK Statutes adopted by AGM; 07-05-2006
46/2006 Information on the purchase of BZWBK shares, 07-06-2006
47/2006 Information on the disposal of BZWBK shares, 07-06-2006
48/2006 Information on the purchase of BZWBK shares, 19-06-2006
49/2006 Selection of an entity entitled to audit financial reports; 21-06-2006
50/2006 Information on the purchase of BZWBK shares, 22-06-2006
51/2006 Information on the disposal of BZWBK shares, 22-06-2006
52/2006 Information on the sale of BZWBK shares, 27-06-2006
53/2006 Information on the sale of BZWBK shares, 27-06-2006
54/2006 Corporate governance principles compliance statement; 28-06-2006
55/2006 Information on the disposal of BZWBK shares, 11-07-2006
56/2006 Information on the disposal of BZWBK shares, 12-07-2006
57/2006 Information on the purchase of BZWBK shares, 25-07-2006
58/2006 Information on the purchase of BZWBK shares, 25-07-2006
59/2006 Information on the disposal of BZWBK shares, 03-08-2006
60/2006 Fitch confirmed the rating of Bank Zachodni WBK at “A”; 11-08-2006
61/2006 Information on the disposal of BZWBK shares, 16-08-2006
62/2006 Information on the disposal of BZWBK shares, 17-08-2006
63/2006 Fitch upgraded the IDR rating of Bank Zachodni WBK to “A+”; 18-08-2006
64/2006 Information on the disposal of BZWBK shares, 24-08-2006
65/2006 Information on the disposal of BZWBK shares, 25-09-2006
66/2006 Information on the disposal of BZWBK shares, 03-10-2006
67/2006 Information on the disposal of BZWBK shares, 05-10-2006
68/2006 Information on the disposal and purchase of BZWBK shares, 06-11-2006
69/2006 Information on the purchase of BZWBK shares, 09-11-2006
70/2006 Information on the purchase of BZWBK shares, 13-11-2006
71/2006 Implementation of a Long-Term Incentive Scheme - Performance Shares; 27-12-2006
72/2006 Resignation of a BZWBK Supervisory Board member ; 29-12-2006
Consolidated, extended quarterly report for Q4 2005 (SAB-QSr4/2005), 22-02-2006
Annual 2005 report (SAB-R 2005), 22-02-2006
Consolidated annual 2005 report (SAB-R 2005), 22-02-2006
Consolidated, extended quarterly report for Q1 2006 (SAB-QSr1/2006), 24-04-2006
Consolidated, extended quarterly report for Q2 2006 (SAB-QSr2/2006), 01-08-2006
Consolidated, extended semi-annual report for H1 2006 (SAB-PSr-2006) 01-08-2006
Consolidated, extended quarterly report for Q3 2006 (SAB-QSr3/2006) 09-11-2006
Original reports are stored in Bank Zachodni WBK in Poznań, Plac Andersa 5, 13th floor.
The bank publishes its current and periodical reports on its internet site www.bzwbk.pl
Art. 65 cl. 1 of the Act on the offering - list of information notes for public announcements.
Report no 9/2007
Bank Zachodni WBK S.A. Management Board Member advised the Bank that the entity in which he acts as a Supervisory Board Member bought as part of an ordinary stock exchange transactions on 01 March 2007 30 000 Bank Zachodni WBK S.A. shares, code PLBZ 00000044, for 228,14 PLN per share.
Report no. 8/2007
Bank Zachodni WBK S.A. announces the text of the draft resolutions to be debated at the Annual General Meeting of Shareholders on 17 April 2007 and - in connection with the intended change of the Bank’s Statutes - the text of the existing provisions of the Statutes and the proposed changes.
Report no. 7/2007
allocate PLN 437,761,704.00 of the Bank’s net profit for 2006 to dividend payment, which means that the proposed dividend per share will amount to PLN 6.00,
set 4 May 2007 as the Dividend Date and 18 May 2007 as the Dividend Payment Date.
Report no. 6/2007
Bank Zachodni WBK S.A. hereby advises that the Bank’s Management Board has convened the Annual General Meeting of Shareholders for 17th April 2007 at 10:00 hrs in the conference room of “Art Hotel”in Kiełbaśnicza Street 20 in Wrocław.
Opening of the General Meeting of Shareholders.
Electing the Chairperson of the General Meeting of Shareholders.
Establishing whether the General Meeting of Shareholders has been duly convened and has the capacity to adopt resolutions.
Adopting the agenda for the Meeting.
Reviewing and approving the Management Board’s annual report and financial statements for 2006.
Reviewing and approving the Management Board’s annual report on the activities of the BZ WBK Group and the consolidated financial statements of the BZ WBK Group for 2006.
Adopting a resolution on profit sharing, dividend day and dividend payment day.
Adopting resolutions giving discharge to the members of the Management Board.
Review and approval of the Supervisory Board’s report on its activities in 2006 and the Supervisory Board’s report on the assessment of the separate and consolidated financial statements of the BZ WBK Group and the reports on the Bank’s and the Group’s activities in 2006.
Adopting resolutions giving discharge to the members of the Supervisory Board.
Reviewing the remuneration of the members of the Supervisory Board.
Adopting the Incentive Scheme II.
Issue of bonds with pre-emptive rights under the Incentive Scheme II, excluding subscription rights.
Conditional increase in the share capital (excluding subscription rights) and introduction of amendments to statutes of Bank Zachodni WBK S.A.
Changes to the statutes of Bank Zachodni WBK S.A.
Adopting a uniform wording of the statutes of Bank Zachodni WBK S.A.
The registered certificates of deposit must be submitted to the Registration Point: Wrocław, Rynek 9/11, 4th floor, no later than by the 10th April, 2007, 4:p.m.
§39 clause 1, point 1 of the Ordinance of the Minister of Finance, dated 19 October 2005, re: current and periodical information submitted by the issuers of securities.
Report no. 5/2007
on 24 January 2007 50 000 Bank Zachodni WBK S.A. shares, code PLBZ 00000044, for 243,50 PLN per share.
on 25 January 2007 889 Bank Zachodni WBK S.A. shares, code PLBZ 00000044, for 235,00 PLN per share.
Report no. 4/2007
Based on section § 100 item. 1 of the Ordinance of the Council of Ministers of 19 October 2005 on current and interim information provided by issuers of securities (Journal of Laws of 2005, No 209, item 1744 as amended), Bank Zachodni WBK S.A. announces the dates of publishing consolidated quarterly reports, half-year consolidated reports, annual report and consolidated annual report for 2007.
Q1 consolidated report 7-05-2007
Q2 consolidated report 1-08-2007
H1 consolidated report 1-08-2007
Q3 consolidated report 7-11-2007
Q4 consolidated report 25-02-2008
Annual report 25-02-2008
Consolidated annual report 25-02-2008
Report no. 3/2007
The Management Board of Bank Zachodni WBK SA hereby informs that as requested by the Supervisory Board, it undertook actions aimed at implementing, as of the year 2007, the Incentive Scheme II for the Senior Management of Bank Zachodni WBK SA and its subsidiaries. The Scheme will consist in allocating bonds with pre-emptive rights to the Company’s managerial cadre.
The Supervisory Board formulated and adopted the key principles of the Scheme and proposed that relevant resolutions be adopted at the Company’s nearest General Meeting (AGM). The Scheme is to be carried out by way of issuing bonds with pre-emptive rights by the Bank which will entitle the Scheme Participants, after fulfillment of specific economic criteria , to take up the Bank’s shares issued as part of the conditional increase in the Company’s share capital (no more than 150,000 shares in total in years 2007-2010).
The major objective underlying the Scheme is creation of an effective motivation tool for ca. 100 key members of the Bank’s and its subsidiaries managerial cadre that will ensure their stronger links with the Company. Thanks to this, the Company will be able to generate competitive financial results while adding value for its shareholders.
Bank Zachodni WBK S.A. Management Board Member advised the Bank that the entity in which he acts as a Supervisory Board Member sold as part of an ordinary stock exchange transactions on 19 January 2007 6 091 Bank Zachodni WBK S.A. shares, code PLBZ 00000044, for 253,46 PLN per share.
Report no. 1/2007
Bank Zachodni WBK S.A. Management Board Member advised the Bank that he purchased as part of an ordinary stock exchange transaction on 26 May 2006 25 Bank Zachodni WBK S.A. shares, code PLBZ 00000044, for PLN 173,00 per share, i.e. he made transaction at value below 5.000 euro during the whole 2006.