Investor relations

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

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

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 on 15 May 2017 It adopted a Resolution establishing a bond issuance programme (‘Programme’). Under the Programme, the Company intents to issue up to 70,000 unsecured bonds of a nominal value of PLN 1,000 each, of a total value of up to PLN 70,000,000, 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 JWC0520, and the expected final date for buy-back will be 29 May 2020. 

The bonds will be issued in a for other than a document, for a bearer, and ultimately 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 Company decided to entrust the task of Programme management to Raiffeisen Bank Polska S.A. (‘Bank’). On 15 May 2017, the Company entered into the Programme issuance agreement with the Bank under which the Bank will act as Arranger. 

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