PPLA Participations Ltd (PPLA11.SA)

PPLA11.SA on Sao Paulo Stock Exchange

21 Mar 2018
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R$ 1.31
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R$ 9.18
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Latest Key Developments (Source: Significant Developments)

BSI says H1 net profit stood at 66.2 mln Swiss francs
Wednesday, 10 Aug 2016 

: BSI says h1 consolidated net profit stood at chf 66.2 million (1h2015: chf 78.1 million), influenced by series of extraordinary items (Reporting By Zurich newsroom) ((zurich.newsroom@thomsonreuters.com; +41 58 306 7336;)).  Full Article

EFG International to take over BSI’S business in Singapore in accelerated asset deal
Thursday, 14 Jul 2016 

EFG International Ag : Says to take over BSI’s business in Singapore in an accelerated asset deal .Subject to obtaining required approvals, the migration of the acquired part of the business is planned to complete by the end of November 2016 at the latest..  Full Article

EFG International announces future management structure after closing of BSI acquisition
Tuesday, 5 Jul 2016 

EFG International AG : Announces future management structure after closing of acquisition of BSI . Extraordinary general meeting will be held on July 26 .Proposes to EGM creation of additional authorized capital of 15,000,000 registered shares.  Full Article

BSI says Roberto Isolani to replace Stefano Coduri as group CEO
Tuesday, 24 May 2016 

: BSI says takes note of the announcements by FINMA and MAS in relation to past compliance gaps related to the 1mdb case . BSI says integration process with EFG is progressing smoothly and as previously announced, once the transaction closes, BSI will be fully merged and integrated into EFG . BSI says Monetary Authority Of Singapore (MAS) will be allowing the transfer of the assets and liabilities of bsi bank limited (BSI’s Singapore subsidiary) to the Singapore branch of EFG bank ag . BSI says financial penalties levied by FINMA and MAS will be paid from BSI’s general reserves for banking risks . BSI says Stefano Coduri decides to step down with immediate effect. Roberto Isolani appointed group CEO . BSI says has undertaken steps to strengthen management, including introduction of a new chief risk officer and the appointment of a new group legal counsel (Reporting By Zurich newsroom) ((zurich.newsroom@thomsonreuters.com; +41 58 306 7336;)).  Full Article

EFG International says fine in 1MDB case will result in reduction in BSI purchase price
Tuesday, 24 May 2016 

EFG International Ag : Says receives approval from the Swiss financial market supervisory authority FINMA regarding the proposed acquisition of BSI . Says transaction is on track and is expected to complete at the latest in the fourth quarter of 2016, as originally announced . Says taken note of FINMA’s and MAS' press releases in connection with the BSI related 1MDB matter . Says share purchase agreement with BTG Pactual has an indemnity in relation to these and certain other matters up to the overall purchase price . Says indemnity backed by material Swiss escrow account which, at closing, will contain 51.0m EFG shares issued to BTG as consideration, with shares locked up for 2 years .Says the fine and the penalty will result in a reduction in the purchase price and that the indemnities and escrow account remain unchanged.  Full Article

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