| |
MESSAGE _ENGLISH VERSION_
|
|
| |
Decision on series C bonds issue
The Management Board of Benefit Systems S.A. with its registered seat in
Warsaw _"Issuer"_ in reference to the report No: 5/2025 of 23 January
2025 hereby informs, that on 21 February 2025 the Management Board of
the Issuer adopted a resolution on issuing up to 1,000,000 _one million_
unsecured series C bearer bonds with face value of PLN 1,000 _one
thousand zlotys_ each and aggregate nominal value up to PLN
1,000,000,000 _one billion zlotys_ _"Bonds"_, issued under the Issuer's
bond issuance programme with an aggregate nominal value of issued and
unredeemed bonds not exceeding PLN 1,000,000,000 _one billion zlotys_ at
any time during the programme, by way of a public offering, based on the
exemption from the obligation to publish a prospectus provided for in
Art. 1_4__a_ of Regulation _EU_ No 2017/1129 of the European Parliament
and of the Council of 14 June 2017 on the prospectus to be published
when securities are offered to the public or admitted to trading on a
regulated market and repealing Directive 2003/71/EC. The issue of the
Bonds was approved by the Issuer's Supervisory Board.
The interest rate on the Bonds will be variable, determined based on the
prime rate of WIBOR 6M, plus a margin of 190 basis points _bps_.
The scheduled date of issuance of the Bonds is on or about March 11,
2025.
Pursuant to Article 35_1_ of the Bond Act, the detailed terms and
conditions of the Bonds issue will be attached to the purchase proposal
made available to investors on behalf of the Issuer.
The total amount of the Issuer's unaudited standalone financial
liabilities as of December 31, 2024 was PLN 1,138 million, with
standalone financial liabilities past due amounting to PLN 1 million.
Forecasts of the Issuer's financial liabilities:
Estimated value of the Issuer's financial liabilities and estimated
structure of the Issuer's financing _understood as the value and
percentage of liabilities from borrowings, debt instruments, lease
liabilities and other financial liabilities in the total equity and
liabilities of the Issuer_:
_I_ as of the last day of the fiscal year in which the Bonds are to be
issued, i.e. December 31, 2025:
a_ Borrowings: PLN 385 million, 9% share in total equity and liabilities
b_ Debt instruments: PLN 1,000 million; 24% share in total equity and
liabilities
c_ Lease liabilities: PLN 1,206 million; 28% share in total equity and
liabilities
d_ Other financial liabilities: PLN 22 million; 1% share in total equity
and liabilities
e_ Total financial liabilities: PLN 2,613 million; 61% share in total
equity and liabilities
_II_ as of the date ending twelve months after the scheduled date of
issuance of the Bonds, i.e. March 11, 2026.:
a_ Borrowings: PLN 385 million, 9% share in total equity and liabilities
b_ Debt instruments: PLN 1,000 million; 23% share in total equity and
liabilities
c_ Lease liabilities: PLN 1,208 million; 28% share in total equity and
liabilities
d_ Other financial liabilities: PLN 22 million; 1% share in total equity
and liabilities
e_ Total financial liabilities: PLN 2,615 million; 60% share in total
equity and liabilities
The total amount of the Benefit Systems Group unaudited consolidated
financial liabilities as of December 31, 2024 was PLN 1,554 million,
with consolidated financial liabilities past due amounting to PLN 1
million.
Forecasts of the Benefit Systems S.A. Group financial liabilities:
Estimated value of the Benefit Systems S.A. Group financial liabilities
and estimated structure of the Benefit Systems S.A. Group financing
_understood as the value and percentage of liabilities from borrowings,
debt instruments, lease liabilities and other financial liabilities in
the total equity and liabilities of the Benefit Systems S.A. Group_:
_I_ as of the last day of the fiscal year in which the Bonds are to be
issued, i.e. December 31, 2025:
a_ Borrowings: PLN 385 million, 7% share in total equity and liabilities
b_ Debt instruments: PLN 1,000 million; 19% share in total equity and
liabilities
c_ Lease liabilities: PLN 1,801 million; 35% share in total equity and
liabilities
d_ Other financial liabilities: PLN 75 million; 1% share in total equity
and liabilities
e_ Total financial liabilities: PLN 3,261 million; 62% share in total
equity and liabilities
_II_ as of the date ending twelve months after the scheduled date of
issuance of the Bonds, i.e. March 11, 2026.:
a_ Borrowings: PLN 385 million, 7% share in total equity and liabilities
b_ Debt instruments: PLN 1,000 million; 19% share in total equity and
liabilities
c_ Lease liabilities: PLN 1,804 million; 34% share in total equity and
liabilities
d_ Other financial liabilities: PLN 75 million; 1% share in total equity
and liabilities
e_ Total financial liabilities: PLN 3,264 million; 61% share in total
equity and liabilities
|
|
|
RB: Decyzja w sprawie emisji obligacji serii C
