The withdrawal from the bank’s shareholding structure will be achieved through share repurchase by BCC.
The rightful shareholders will be able to exert their right of withdrawal from Banca Carpatica throughout the period for exertion, namely, between October 5, 2016 and November 7, 2016.
Under the applicable regulations, the request for the approving the implementation of the withdrawal procedure must be submitted to the central bank at least three months before the intentional date of conducting this operation and the announcement regarding the intention for share repurchase can be made public only after obtaining the central bank’s approval.
On the Bucharest Stock Exchange on Wednesday, BCC shares traded down 2.1% at RON0.0934 per unit.
Early September 2016, Banca Carpatica called for a meeting of shareholders, on October 5, for a final approval on the merger through absorption between the bank, as absorbing company, and Patria Bank.