Date: 10 September 2021
Body of the report:
The Management Board of DINO POLSKA S.A. (“Company”) reports that it adopted a resolution today, i.e. 10 September 2021 to raise the total amount to which the Company can issue bonds from PLN 500,000,000 to PLN 1,000,000,000 under the Bond Issuance Program of whose establishment the Company reported on 21 September 2017 in current report 19/2007.
The purpose of this Program is to diversify funding sources and optimize the Company’s operating expenses. The proceeds obtained under the Bond Issuance Program will be earmarked to develop the Dino store network and the Company’s distribution centers.
In parallel, the Company reports that it is giving consideration to conducting a bond issue under the Bond Issuance Program.
Subject to satisfactory conditions on the debt securities market, the Company will issue bonds with the following borderline parameters:
The specific parameters of the bonds, the bond tenor, the issue size and the interest rate will be determined in the bookbuilding process that will be conducted during the bond issuance process.
The Company’s final decision on issuing the bonds and the specific conditions for that will be made at the stage when the Company’s Management Board adopts the pertinent resolution. If the bond issue is completed, the Company will publish the relevant information in a separate report.
Legal basis: Article 17 of Regulation (EC) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC.