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The coin is then merged with PPF, the stock is redeemed at the same time financially

61.9 percent of the present shares were in favor of the merger with the PPF banking division, and 50 percent were approved for approval. Moneta Zuzana Filipov informed about it. In the next vote, it was necessary to approve the funding phase, at least 75 percent of the vote. There was only a 61.69 percent share here.

Most shareholders agreed to see the creation of a strong Czech ampion for self-employed and small clients. Unfortunately, most of the voters for this transaction did not reach the high limit of 75 percent of those present, so the financial purchase of the Air Bank group was not approved. However, we know that in the near future we will find a way to get the necessary support and complete the transaction, said Moneta’s chairman Tom Spurn.

Moneta had to buy in addition to cash resources from newly issued shares, which PPF would get for 80 crowns apiece and would gain darkness in Monet half a second. The shareholders in Ter refused this necessary additional capital of Moneta. Thus, the whole transaction, which was supposed to take place according to the sweat of the client’s largest bank on the Czech market after the Czech Savings Bank and SOB, is stopped at least temporarily.

For this reason, it will not be possible to conclude agreements on the purchase of a 100% share in Air Bank as, Home Credit as and Home Credit Slovakia as according to the resolution approved under item 3 of the General Days, Moneta stated in internal information cited on the website Patria.cz.

Forecasts before the General Meeting this scn referred to as mon. At this point, it seems that the evaluation of the original PPF offer and the improved conditions for the existing share should follow. This bag will require urit as.

The General Meeting has its agenda and announces its proposals in advance, so shareholders need time to thoroughly analyze the proposals. If the transaction does not pass, the oekvm gave the general meeting. This bag follows me and with a time lag, according to Cyrrus portfolio manager Tom Pfeiler.

PPF Group took the decision on the shareholding. The consent of Monety’s shareholders to the transfer of assets around Air Bank confirmed the agreed valuation of these assets and confirmed that the concept of merging Monety with Air Bank and the Czech and Slovak Home Credit to support most of Moneta’s existing shares, PPF responded.

Tanemo from the PPF Group is Moneta’s largest shareholder, only to be able to exercise significant influence over the decision-making of the General Meeting. PPF has expanded its experience as a co-owner of joint stock companies with the representation of various groups of shareholders and has often proved that it can use the benefits arising from this environment, said the financial group.

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