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 17/2017 of 15 May 2017, informs that on 31 May 2017 the Company issued 70,000 unsecured bonds of a nominal value of PLN 1,000 each and of a total nominal value of PLN 70,000,000, marked by Krajowy Depozyt Papierów Wartościowych S.A. w Warszawie with the code ISIN PLJWC0000118 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 29 May 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 developmne 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 the ASO Catalyst market.

 The Bonds authorise bond holders to receive a redemption instalment of 10 % of nominal value on 30 May 2018, and of 40 % of the initial nominal value of bonds on 30 May 2019. The redemption instalments reduce the amount of redemption of the Bonds payable at the final maturity date.

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