pta20240521019
Business news for the stock market

Addiko Bank AG: Belated Major Holdings Notification by Alta Pay Group d.o.o.

[ PDF ]

Vienna (pta019/21.05.2024/10:25 UTC+2)

Vienna, 21 May 2024 – On 17 May 2024, Alta Pay Group d.o.o. announced by means of a belated large shareholdings notification that on 1 February 2024, Alta Pay Group d.o.o. concluded a conditional share purchase agreement for the acquisition of 1,340,207 shares (6.87%) in Addiko Bank AG ("Addiko"), resulting in a holding as of the notification date of 9.63% of voting rights attached to shares, and 26.83% of voting rights through financial/other instruments, thus in total 36.46%.

According to the notification, the acquisition took place on 1 February 2024, meaning the required disclosure was submitted more than 3 months after the deadline stipulated by law.

Addiko takes note of such belated notification and the underlying acquisition of which it has not been notified before.

Addiko stresses the high importance of proper capital market transparency and the adherence to statutory disclosure rules, in particular in the current situation where one takeover offer has recently been published and another one has just been announced.

Addiko is following the situation closely to clarify any possible implications of such belated notification and the underlying acquisition.

-

Contact
Constantin Gussich
Head of Investor Relations & Group Corporate Development
investor.relations@addiko.com

About Addiko Group

Addiko Group is a specialist banking group focusing on providing banking products and services to Consumer and Small and Medium-sized Enterprises (SME) in Central and South-Eastern Europe (CSEE). The Group consists of Addiko Bank AG, the fully-licensed Austrian parent bank registered in Vienna, Austria, listed on the Vienna Stock Exchange and supervised by the Austrian Financial Market Authority and the European Central Bank, as well as six subsidiary banks, registered, licensed and operating in five CSEE countries: Croatia, Slovenia, Bosnia & Herzegovina (where it operates via two banks), Serbia and Montenegro. Through its six subsidiary banks, Addiko Group services as of 31 March 2024 approximately 0.9 million customers in CSEE using a well-dispersed network of 155 branches and modern digital banking channels.

Based on its strategy, Addiko Group has repositioned itself as a specialist Consumer and SME banking group with a focus on growing its Consumer and SME lending activities as well as payment services (its "focus areas"). It offers unsecured personal loan products for Consumers and working capital loans for its SME customers and is largely funded by retail deposits. Addiko Group's Mortgage business, Public and Large Corporate lending portfolios (its "non-focus areas") are subject of an accelerated run-down process, thereby providing liquidity and capital for the growth in its Consumer and SME lending.

(end)

Emitter: Addiko Bank AG
Canetti Tower, Canettistraße 5/12.OG
1100 Wien
Austria
Contact Person: Addiko Investor Relations
Phone: +43 664 884 268 31
E-Mail: investor.relations@addiko.com
Website: www.addiko.com
ISIN(s): AT000ADDIKO0 (Share)
Stock Exchange(s): Vienna Stock Exchange (Official Trade)
|