On 25th
October 2010 we have previously informed you that Podravka d.d. received a
notice on Put Option, compliant to Article 2.02 of the Put and Call Options Agreement
signed between Podravka d.d. and OTP Bank on 27th March 2009,
wherein OTP Bank informs Podravka that it wants to use the Put option for 10.65
% shares of the issuer Podravka d.d., the holder of which is FIMA AMI Limited
(hereinafter: option shares).
At the same
time OTP Bank informed Podravka d.d. that, pursuant to Article 2.01. of the Put
and Call Options Agreement signed between OTP Bank and FIMA AMI Limited on 27th
March 2009, that it activated Call Option for option shares held by FIMA AMI
Limited, and that it intends to acquire the shares in question.
We hereby
inform you that the Management Board, as agreed with Podravka d.d. Supervisory
Board at today’s session, reached a decision not to accept the offering to
purchase 10,65 % shares, the issuer of which is Podravka, and the OTP Bank has
been informed about it.
On further
decisions and activities of OTP Bank, relative to shares in question, you will
be informed about as soon as we receive a notice by the OTP Bank.