Dear Members of Dnister Ukrainian Credit Co-operative,

Proposed Merger with Latvian Australian Credit Co-operative Society Ltd

At our Annual General Meeting held on 8th November 2015, the Board advised that Dnister Ukrainian Credit Cooperative Ltd and Latvian Australian Credit Co-operative Society Ltd had entered into a Memorandum of Understanding (MOU) to investigate the potential merger of the two organisations. In addition, we advised that further communications would be issued to Members as the matter progresses.

Since that time, a significant amount of work has been completed including negotiation of the proposed merger’s terms, financial and legal due diligence and consultation with our regulatory authority. The Board is now at the stage where we want to provide our Members with details of the proposal and outline the steps moving forwards.

You are therefore invited to attend either of the following events with the Board and Management-

Proposed Merger Information Sessions:

VICTORIA SOUTH AUSTRALIA
Ukrainian Orthodox Church Hall
91 Buckley Street, Essendon VIC
Date:  Sunday 22nd May 2016
Time:  1:30pm – 3:00pm
RSVP:  E marketing@dnister.com.au;
P 1800 353 041		 Ukrainian Kozak Bar
66 Orsmond Street, Hindmarsh S.A
Date:  Sunday 29th May 2016
Time:  12:30pm – 2:00pm
RSVP:  E marketing@dnister.com.au;
P 1800 353 041

 

I strongly encourage you to attend either of these important events and look forward to seeing you there.

Strength in Unity!

Yours faithfully,

Wal Mykytenko

Chairman