Current reports

2017-09-25 16:33:22

Summary of the costs of issue of series D and E bearer bonds

Current Report No. 41/2017

Date: 25 September 2017

Topic: Summary of the costs of issue of series D and E bearer bonds

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

Contents:
The Warsaw Stock Exchange (“GPW” or “Company”) announces, further to Current Report No. 9/2017 of 11 January, the final amount of the costs of the issue 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, issued under a prospectus approved by the Polish Financial Supervision Authority on 29 November 2016, hereinafter jointly the “Bonds”.

The total costs of the issue of the Bonds stood at PLN 719,195.92, including:
- cost of preparation and execution of the offering at PLN 148,113.38
- cost of preparation of the issue prospectus and cost of advisory at PLN 380,443.92
- cost of promotion of the offering at PLN 190,638.62
The Company paid no underwriting fees because the Company signed no underwriting contracts.

The costs of the Bond offering were recognised as prepayments from the date of issue of series D bonds (2 January 2017) to the redemption date of series D and E bonds (31 January 2022). The Company’s costs of the offering are charged to the Company’s financial costs in each of the periods.

The average cost of the offering per bond with a nominal value of PLN 100 was PLN 0.6.

Legal basis: § 33.1(12) and (13) 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.

Signatures of the Company’s representatives:
Jacek Fotek – Vice President of the Management Board
Tomasz Walkiewicz – Proxy