investor relations
Subject: Company’s MB’s adoption of the bond issuance resolution
Legal basis:
Art. 56, par. 1, item 2 of the Offer Act - current and periodic information
Report Contents:
Acting on the basis of art. 56, par. 1, item 2 of the act of 29 July 2005 on the public offer and the terms and conditions of the introduction of financial instruments into the organized trading system and of the public companies (Journal of Laws 2005, no. 184, item 1539, as amended), as well as in connection with § 5, par. 1, item 11) of the Regulation of the Minister of finance of 19 February 2009 on the current and periodic information provided by issuers of securities and the terms and conditions for recognition as equivalent the information required by the laws of the country which is not a member state (Journal of Laws 2009, No. 33, item 259) (“Regulation”) J.W. Construction Holding S.A. with its registered office in Ząbki (“the Company”) hereby reports that on 23 Nov. 2015,
the Company's Management Board adopted a resolution on the basis of which it intends to carry out an emission programme of up to 120,000 medium term unsecured bonds with a nominal value of PLN 1,000 each, with a total nominal value of PLN 120,000,000, the issuance price of which will correspond to the nominal value, while the interest rate will be determined on the basis of WIBOR 6M plus a margin (“Bonds”). The Bonds will be issued in the JWC1217 series against the planned redemption deadline on 8 December 2017.
The Bonds will be used to repay:
1) series JWC0116 bonds issued by the Company on the basis of the resolution of the Management Board of the Company of 12 December 2012, registered in Krajowy Depozyt Papierów Wartościowych S.A. in Warsaw under code ISIN PLJWC0000050;
2) series JWC0415 bonds issued by the Company on the basis of the resolution of the Management Board of the Company of 26 April 2012, registered in Krajowy Depozyt Papierów Wartościowych S.A. in Warsaw under code ISIN PLJWC0000043;
The basis for submitting this report is that the planned bond issue programme exceeds 10% of the Company's equity.