Auction

The insolvent joint-stock company AS PNB Banka (hereinafter – Company) hereby announces the sale of financial instruments owned by the third parties (who have not taken possession of the property owned by the third parties held by the Company before November 30, 2021, i.e. the deadline specified in the announcement published in the official gazette “Latvijas Vēstnesis” on May 31, 2021) and the Company. The sale is conducted in accordance with Paragraph two of Section 172.1 of the Credit Institution Law. The financial instruments offered for sale are as follows:

Financial instruments owned by the third parties:

Name

ISIN code

Currency

Number of FIs

1235787D LX|FORTEBANK JSC - SPON GDR REG

US34955X5077

USD

4491

ASBN LX|FORTEBANK JSC-SPON GDR REGS

US34955X1019

USD

545

OMKA RU|OMSKIJ KAUCHUK-RTS BOARD US

RU0006766946

USD

1000

GVFG US|GEROVA FINANCIAL GROUP LTD

BMG384902000

USD

200

EK3 GR|ENEXOMA AG

DE000A0RFK14

EUR

5

PRIM BH|PRIMARY CAPITAL LTD

BMG7242E1057

EUR

21560

 

Financial instruments owned by the Company:

Name

ISIN code

Currency

Number of FIs

ASBN LX|FORTEBANK JSC-SPON GDR REGS

US34955X1019

USD

3

 

 

Terms and conditions of the public auction:

Тhe financial instruments are sold in the public auction in line with the following terms and conditions:

1.         Persons that are willing and have the right to participate in the public auction should send their offers to purchase relevant financial instruments to the Company’s e-mail address info@pnbbanka.eu by August 31, 2022. The offer should state the ISIN code and number of financial instruments, and the offered price, as well as the buyer’s identification data and information about the buyer’s representative;

2.         The Company will sign a financial instrument purchase agreement with the person that will offer the highest price for the financial instrument put up for sale;

3.         Persons that are willing to participate in the public auction can familiarize themselves with the terms and conditions of the purchase agreement (including payment procedure), which is available upon request. Please approach the Company in person or send an e-mail to info@pnbbanka.eu by August 31, 2022 (inclusive);

4.         Before signing the purchase agreement, the person that offers the highest price for the financial instrument will be asked to fill in the buyer’s questionnaire and submit it to the Company in the form as required by the latter;

5.         the Company reserves the right to refuse to sign the purchase agreement, incl. by considering buyer-related risks subject to the requirements set by the enactments in the area of prevention of money laundering and terrorism and proliferation financing, without disclosing the reasons for such refusal;

6.         The Company shall notify the applicant if it refuses to sign the purchase agreement or decides to sign the agreement with another buyer (without disclosing the buyer) before October 31, 2022 by sending such notification to the buyer’s e-mail address which the latter had used to send the purchase offer.

Should you have any questions or are in need of clarification, please call +371 67041100.