Gielda Papierow Wartosciowych w Wrszw : Summary of the results of the series D and E bearer bond issue of the Warsaw Stock Exchange

2017-01-11 15:25:40

Current Report No 9/2017

Date: 11 January 2017

Topic: Summary of the results of the series D and E bearer bond issue of the Warsaw Stock Exchange

Legal basis: Article 56.1(2) of the Act on Public Offering - current and periodic information

Content:
The Warsaw Stock Exchange ('GPW', 'Company') hereby published information about the completed public offering of 600,000 series D bearer bonds with a nominal value of PLN 100 and 600,000 series E bearer bonds with a nominal value of PLN 100 implemented under a prospectus approved by the Polish Financial Supervision Authority (KNF) on 29 November 2016.

1. Start and end dates of the subscription:
Accepting subscriptions of institutional investors (series D): 27 December 2016 - 29 December 2016 (12:00 hours).
Accepting subscriptions of individual investors (series E): 2 January 2017 - 3 January 2017.
2. Securities allocation date
29 December 2016 - allocation of series D bonds
5 January 2017 - allocation of series E bonds
3. Number of securities available for subscription:
The offering covered 600,000 series D bonds and 600,000 series E bonds.
4. Reduction rate:
The reduction rate of the subscriptions of individual investors (series E) was 63.4%.
5. Number of securities subscribed for:
Institutional investors subscribed for 600,000 series D bonds.
Individual investors subscribed for 1,640,375 series E bonds.
6. Number of securities allocated in the subscription:
600,000 series D bonds.
600,000 series E bonds.
7. Price at which the bonds were taken up:
The issue price was PLN 100 per series D bond.
The issue price per series E bond depended on the submission date of subscriptions as follows: (i) for subscriptions submitted on 2 January 2017 - PLN 99,88, and (ii) for subscriptions submitted on 3 January 2017 - PLN 99.89.
8. Number of persons who subscribed for securities available for subscription:
18 institutional investors subscribed for series D bonds.
Individual investors submitted 1,197 subscriptions for series E bonds.
9. Number of persons allocated securities in the subscription:
Series D bonds were allocated to 18 institutional investors.
Series E bonds were allocated to 1,194 individual investors.
10. The names of underwriters who took up securities according to underwriting agreements, the number of securities taken up by the underwriters, the actual price per security (issue price net of the underwriting fee according to the underwriting agreement per security taken up by the underwriter):
No bonds were taken up by underwriters. No underwriting agreement was concluded.
11. Value of the subscription equal to the product of the number of securities covered by the offering and the issue price:
The value of the Offering of series D bonds was PLN 60,000,000.
The value of the Offering of series E bonds was PLN 59,929,019.67.
The total value of the Offering of series D bonds and series E bonds was PLN 119,929,019.67.
12. Estimated total amount of costs classified as issue costs, including costs by type:
According to the Company, the costs related to the offering of the bonds (issue costs) are estimated at ca. PLN 0,5 million.
As the issue costs were not definitively cleared as at the date of publication of this report, the issue costs were estimated and classified as issue costs according to the best knowledge of the Company. The Company will prepare and publish a current report on the final amount of issue costs, including costs by type and the methods of calculation and recognition of the costs in the financial statements, after it has received and accepted all invoices from entities participating in the preparation and implementation of the Offering.
13. Estimated average cost of the sale per security covered by the sale:
According to estimates of the Company, the estimated average cost of the sale per bond is ca. PLN 0,43.
The Company will prepare and publish a current report on the average cost of the sale per bond after it has received and accepted all invoices from entities participating in the preparation and implementation of the Offering.
Legal basis: § 33 section 1 of the Regulation of the Minister of Finance of 19 February 2009 on current and periodic information provided by issuers of securities and on conditions under which information required by legal regulations of a third country may be recognised as equivalent by laws of a non-member state

Signatures of the Company's representatives:
Dariusz Kułakowski - Member of the Management Board
Michał Cieciórski - Member of the Management Board

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