Investor relations

Legal basis: Article 17(1) of MAR – confidential information 

Topic of the report: Issuance of bonds

The Management Board of the company styled J.W. Construction Holding S.A. with its registered office in Ząbki (‘Company‘), with reference to Report No 43/2017 of 2 November 2017, informs that on 17 November 2017 the Company issued 94,000 unsecured bonds of a nominal value of PLN 1,000 each and of a total nominal value of PLN 94,000,000, marked by Krajowy Depozyt Papierów Wartościowych S.A. w Warszawie with the code ISIN PLJWC0000126 whose issue price corresponds to the nominal value and the interest rate was determined based on the WIBOR 6M rate increased by a margin for investors (3.00% per annum), with final maturity set for 16 November 2020 (‘Bonds’).

The funds obtained from the issuance of Bonds will be allocated to the development of the Company’s business, including financing of expenditure relating to the preparation of land development projects and purchase of land.

The Bonds were offered to investors in accordance with applicable laws, by way of non-public issuance, exclusively in the territory of the Republic of Poland.

The terms for Bond Issuance provide for the introduction of Bonds to the Alternative Trading System operated by ASO BondSpot or ASO GPW.

The Bonds authorise bond holders to receive a redemption instalment of 10 % of nominal value on 15 November 2018, and of 45 % of the initial nominal value of bonds on 15 November 2019. The redemption instalments reduce the amount of redemption of the Bonds payable at the final maturity date.

The basis for submission of the report is the relevance and value of the Bonds issued.