Investor relations

Topic: Adoption by the Company’s Management Board of a bond issuance programme

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

Content of the report:

The Management Board of the company styled J.W. Construction Holding S.A. with its registered office in Ząbki (‘Company’) reports that with reference to Current Report No 39/2017 submitted on 4 September 2017 It adopted, on 2 November 2017, a Resolution establishing a bond issuance programme (‘Programme’). Under the Programme, the Company intents to issue up to 100,000 unsecured bonds of a nominal value of PLN 1,000 each, of a total value of up to PLN 100,000,000, whose issue price will correspond to the nominal value, and the interest rate will be determined based on the WIBOR 6M rate increased by a margin (‘Bonds’). 

The offer for acquisition of Bonds will be addressed under Article 33(2) of the Act on bonds to specific recipients (no more than 149 beneficiaries). 

The bonds will be issued in series JWC1120, and the expected final date for buy-back will be 16 November 2020. 

The bonds will be issued in a non-document form, for a bearer, and the records will be kept by Krajowy Depozyt Papierów Wartościowych S.A. in Warsaw. 

The bonds will be introduced to the Alternative Trading System on the ASO Catalyst market. 

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 developmne projects and purchase of land.

The basis for the submission of the report is the value and revelance of the scheduled Bond issuance.