Menu
NEWS

BEST S.A. DECLARATION

In connection with the receipt from Kredyt Inkaso SA of the payment demand for the sum of PLN 60.7 mln to cover losses related to the termination of the receivables portfolio management agreements by funds from the Trigon and Agio groups, we announce that accusations made against the largest shareholder of the company are unfounded, and just compromise the present Management Board of Kredyt Inkaso, which firstly regularly blames BEST for the poor situation of the company, secondly demands compensation from its largest shareholder, and thirdly cannot guarantee the company the proper running of its interests.

 

In fact, putting the blame on BEST for problems in the company is aimed at covering up the inefficiencies in managing it. The dispute between shareholders is used as a convenient excuse for all failures and the loss of trust by key business partners.

 

Blaming BEST for the alleged situation proves the Management Board's inability to manage the company with due attention devoted to shareholders' interests, and its lack of responsibility for its current situation and problems it generates.

 

We would like to point out that KI has not made public the details concerning the termination of the agreements by Trigon and Agio. Nevertheless, our long experience in managing receivables unambiguously indicates that investment funds care about the portfolio servicing quality, which directly translates into their financial results. It is probable that a poor quality of service resulted in the termination of the agreements.

 

Moreover, actions carried out by Paweł Szewczyk should be deemed to have been aimed at causing the widest possible media repercussion in connection with the tender offer for shares of Kredyt Inkaso announced by the Waterland fund. Currently, the President of Kredyt Inkaso is taking part in the active promotion of the tender offer and in encouraging shareholders to sell their shares. Submitting the payment demand and filing a statement of claim against Krzysztof Borusowski should also be considered as a way of influencing the shareholders' decisions on participation in the tender offer. The aim is to impact investors who hesitate to resell the shares.

BACK