Date: 17 September 2020
Body of the report: Dino Polska S.A. (“Company”), in reference to the current report no. 16/2020 – “Dino Polska S.A. bond issue under consideration within the framework of the established bond issuance program”, hereby reports that on 17 September 2020, the Company’s Management Board adopted a resolution on the issue, under the Company’s Bond Issue Program of 21 September 2017 (as amended), which the Company reported in current report no. 19/2017, of 250,000 secured bearer Bonds, series 1/2020, with the par value of PLN 1,000 each and the total par value of PLN 250,000,000 (“Bonds”).
The Bonds will be secured by sureties of selected Dino Polska S.A. Group companies.
The issue price of the Bonds will be equal to their par value. The Bonds will be offered for purchase pursuant to art. 33 item 1 of the Bond Act of 15 January 2015 in a manner that will not require the Company to prepare a prospectus or information memorandum. The Bonds will bear interest at the variable interest rate – WIBOR 3M plus a fixed margin of 1.3 percentage points per annum.
The Bonds will be issued on 6 October 2020 and recorded in the depository run by Krajowy Depozyt Papierów Wartościowych S.A. The Bonds will be introduced to be traded in the alternative trading system run by Warsaw Stock Exchange S.A.
The redemption date was set for 6 October 2023.
In parallel, the Company reports that it has made the decision to redeem 20,000 series 1/2017 bonds for retirement, which were issued under the Bond Issue Program with a total nominal value of PLN 20,000,000. The date of redemption of the aforementioned series of bonds ensuing from the issue conditions is 13 October 2020.
Legal basis: Article 17 (1) of Regulation (EC) No 596/2014 of the European Parliament and of the Council 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 – confidential information.