Current report number: 43/2017
Data: 21 December 2017
The Management Board of OEX S.A. with registered office in Warsaw (hereinafter referred to as the ‘Issuer’ or the ‘Company’), discharging the obligation stipulated in sec. 15.1 (d) of the Terms and Conditions of the Issue of Series A Unsecured Coupon Bonds drawn up in Warsaw on 21 December 2016 (Bond T&C’), hereby wishes to announce publicly that today, i.e. on 21 December 2017, the Management Board of the Company took a decision to exercise the right to an earlier redemption (Earlier Redemption within the meaning of the Bond T&C) of the series A bonds.
The series A bonds of the total nominal value of PLN 20,000,000 (say: twenty million Polish zlotys) and nominal value of PLN 1,000 (say: one thousand Polish zlotys) each were issued on the basis of resolutions adopted by the Management Board of the Issuer and were registered with the National Depository for Securities (Krajowy Depozyt Papierów Wartościowych S.A.) (‘KDPW’). The series A bonds were furthermore introduced to trading in the Catalyst alternative trading system organised by the Warsaw Stock Exchange (‘GPW’) and BondSpot S.A. (‘BondSpot’).
The Earlier Redemption of all series A bonds of the Issuer will be made on 17 January 2018, i.e. on the Interest Payment Date for the second Interest Period (within the meaning of the Bond T&C). The redemption amount, i.e. the Earlier Redemption Amount as per the Bond T&C, will be increased by the amount of the Earlier Redemption Bonus (within the meaning of the Bond T&C) equal to 0.40% of the nominal value of the series A bonds as per the provisions of sec. 15 and sec. 16 of the Bond T&C. Considering the fact that the Earlier Redemption of the series A bonds takes place on the Interest Payment Day for the second Interest Period, the bond holders will obtain also the interest for the second Interest Period in the Earlier Redemption Amount. The group of series A bond holders entitled to monetary benefits under the Earlier Redemption of the series A bonds will be determined on 19 January 2017 (Determination of Right Day as per the Bond T&C).
In relation with the Earlier Redemption of the series A bonds, the payment of the monetary benefits related to the series A bonds to the bond holders will be made via the intermediation of National Depositary of Securities and entities maintaining the securities accounts of bond holders. The Issuer will submit an application to the National Depositary of Securities requesting a service concerning an earlier redemption of series A bonds and applications as appropriate to the Catalyst market organisers (GPW and BondSpot) requesting a suspension of quotations in relation with the Earlier Redemption of the series A bond falling on 17 January 2018, starting on 5 January 2018, the day falling two days before the Determination of Rights Day, and after the completion of series A bond redemption – the Issuer will submit an application for the exclusion of the series A bonds from trading.
Legal basis: Art. 17 (1) of the MAR Regulation – confidential information.
Robert Krasowski – Member of the Management Board
Tomasz Kwiecień – Member of the Management Board