investor relations
Legal basis:Art. 56, par. 1, item 2 of the Offer Act – current and periodic information
Report Subject: issue of bonds
Acting on the basis of § 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) J.W. Construction Holding S.A. with its registered office in Ząbki (“the Company”) hereby reports that on 10 December 2015, the Company issued a total of 120,000 unsecured bonds with a nominal value of PLN 1,000 each, and the total value of PLN 120,000,000, designated by Krajowy Depozyt Papierów Wartościowych S.A. in Warsaw with the code PLJWC0000100, the issue price of which corresponds to the nominal value, and the interest rate was determined on the basis of WIBOR 6M plus a margin (“Bonds”) with the final date of redemption falling on 8 December 2017. The interest rate shall be paid in semi-annual periods.
The purpose of the Bond issue proceeds is the partial repayment of the following bond related debts:
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 Bonds entitle bondholders to receive a redemption instalment of 40% of the nominal value on 9 December 2016. The redemption instalment referred to above shall reduce the redemption amount of the bonds payable at the final redemption date.
The bonds were offered to the investors in accordance with applicable law, in a non-public manner only on the territory of the Republic of Poland.
The terms and conditions of the issue of bonds provide for the introduction into an alternative trading system operated by ASO BondSpot and/or ASO GPW.
The value of the Company's liabilities as of the last day of the quarter preceding the purchase proposal, i.e. on 30 September 2015, amounted to PLN 559,442,346.
The prospects for the formation of liabilities until the total maturity of the Bonds will depend on the scale of the Company’s business activities and on its concentration in time. Therefore, they should be assessed on the basis of the statements and information provided by the Company, as a public company, in the manner of and in accordance with the rules laid down by the public offering act.
The basis of the submission of the report is the fact that the value of the issue of Bonds exceeds 10% of the Company's equity.