In order to ensure that our investors have access to the information they need, the Management Board of BEST has decided to make the document with an estimate of the Company's market value publicly available. The document has been prepared by PwC Polska, a renowned independent audit company, as part of preparations for the merger of BEST with Kredyt Inkaso.
"Following the previous announcements and the cooperation agreement concluded as part of preparations for the planned merger of BEST with Kredyt Inkaso, both companies commissioned PwC Polska, a renowned independent audit company, one of the Big Four, to prepare a valuation of each company, i.e. the valuation of BEST for the Management Board of BEST and the valuation of Kredyt Inkaso for the Management Board of Kredyt Inkaso", said Krzysztof Borusowski, CEO of BEST."We would like to ensure that our investors, particularly the shareholders of BEST and Kredyt Inkaso, have a full and accurate view of the situation. We take the equal access of investors to information really seriously. We are also aware of the potential cost-generating character of the prepared valuation, which is why we have decided to make it publicly available", added Krzysztof Borusowski.
The summary of the valuation prepared by PwC Polska is available on the following website of the Company: http://best.com.pl/wycena-spolki.
Please read carefully the disclaimer available at the foregoing address.
General information about BEST
BEST S.A. is a company that has been listed on the Warsaw Stock Exchange since 1997. It specialises in the trading and management of non-performing debts. The BEST Group actively invests in debt portfolios (primarily in bank debt portfolios) with the use of securitisation funds and provides debt collection services on commission – for banks, telecommunication operators, power companies, and other mass service providers.
BEST is also the sole shareholder of BEST TFI, which manages investment funds with assets totalling PLN 984 million (as of 30 December 2015). The combination of expertise in the field of debt collection and in the establishment and management of investment funds has made it possible to concentrate all the elements of the business model within one capital group.
The total nominal value of own debt and the debt of other entities managed by BEST is over PLN 10 billion (as of 30 September 2015).
In 2014, the BEST Group generated a net profit of PLN 58.9 million attributable to the Company's shareholders, with operating revenues of PLN 124 million.
For further information, visit www.best.com.pl, or contact us at:
tel. 22 826 74 18 / mobile 516 173 691
tel. 22 826 74 18 / mobile 514 985 845
You can also follow BEST Group on Twitter: https://twitter.com/BEST_Grupa