investor relations
Subject: Change in terms and conditions of issue of JWC0620 PLJWC000018 bonds
Legal basis: Article 56(1)(2) of the Act on Public Offering - current and periodic information
Content of the report:
Pursuant to §5(4) of the Regulation of the Minister of Finance of 29 March 2018 on current and periodic information provided by issuers of securities and conditions for recognising as equivalent information required by the laws of a non-member state (Journal of Laws No. 2018, item 757), J.W. Construction Holding S.A. ("Company") informs that on 29 May 2020, the meeting of bondholders of bonds series JWC0620 ISIN PLJWC0000118 in the total number of 70,000 units with the current nominal value of PLN 500 each ("Bonds") adopted a resolution to change the terms and conditions of the Bonds issue within the following scope:
1) change of the Bonds' redemption date from the date previously set on 12 June 2020 to a new one on 12 May 2022;
2) introduction of additional dates for partial redemptions:
a) 17 % of the Nominal Value of the Bonds payable on 12 June 2020,
b) 4 % of the Nominal Value of the Bonds payable on 12 March 2021,
c) 7 % of the Nominal Value of the Bonds payable on 11 June 2021,
d) 4 % of the Nominal Value of the Bonds payable on 10 September 2021,
e) 7 % of the Nominal Value of the Bonds payable on 10 December 2021,
f) 4 % of the Nominal Value of the Bonds payable on 11 March 2022,
g) 7 % of the Nominal Value of the Bonds payable on 12 May 2022,
3) change the name of the Bonds series from the existing JWC0620 to the new JWC0522;
4) The collateral for the Bonds and bonds of the JWC1120 series marked with ISIN code PLJWC0000126 ("JWC1120 Bonds") shall be secured with a contractual joint mortgage, representing 150 % of the nominal value of the outstanding Bonds and JWC1120 Bonds, on real estate included in the following land and mortgage registers:
a) The Company's ownership right to each of the premises located in a building constructed on real estate in Krakow at 86, 88, 90 Dietla Street; 19, 21 Wielopole, comprising a plot of land numbered 124/1 for which the land and mortgage register number KR1P/00008281/4 is kept, i.e. the ownership right to each of the 33 separate premises for which separate land and mortgage registers number KR1P/00008281/4 are kept: KR1P/00568567/6, KR1P/00568568/3, KR1P/00568569/0, KR1P/ 00568570/0, KR1P/00568571/7, KR1P/00568581/ 0, KR1P/00568582/7, KR1P/00568583/4, KR1P/00568584/1, KR1P/00568585/8, KR1P/00568586/5, KR1P/00568587/2, KR1P/00568588/9, KR1P/00568589/6, KR1P/00568590/6, KR1P/00568591/3, KR1P/00568592/0, KR1P/00568593/7, KR1P/00568594/4, KR1P/00568595/1, KR1P/00568596/8, KR1P/00568597/5, KR1P/00574796/5, KR1P/00574797/2, KR1P/00574798/9, KR1P/00574799/6, KR1P/00574800/7, KR1P/00574803/8, KR1P/00574805/2, KR1P/00574807/6, KR1P/00574808/3, KR1P/00574809/0, KR1P/00574810/0, together with associated rights, i.e. shares in the land property on which the building in which the premises covered by the land and mortgage register number KR1P/0000008281/4 are located, and
b) the Company's right of perpetual usufruct, owned by the Capital City of Warsaw, of real property located in Warsaw, Ursynów district, at Pileckiego Street, comprising a plot of land no. 5/1 for which the land and mortgage register no. WA2M/00110066/5 is kept, and
c) the Company's ownership right to real estate located in Warsaw, Białołęka district, Lewandów St., comprising a plot of land numbered 59/2, 49/5, 59/3, 50/5, 51/2, 52/5, 59/4, 59/5, 60/3, 60/4, 60/5, 60/6, 61/9, 22/5, 23/5, 24/3, 25/5/5, 29/5, 22/7, 23/7, 24/5, 25/7, 29/7, for which a land and mortgage register No. WA3M/00506268/1 is maintained ("Mortgage");
5) Change of interest periods after 11 December 2020 for three-month periods;
6) Changes in the interest rate on the Bonds by establishing that it is determined on the basis of 3M WIBOR, and for the period until 11 December 2020 on the basis of 6M WIBOR, increased by a margin of 5%, and until the entry of the Mortgage increased by a margin of 6%, on an annual basis. The Company gave its consent to the above changes in a statement submitted on 29 May 2020.Na powyższe zmiany Spółka wyraziła zgodę w złożonym
w dniu 29 maja 2020 r. oświadczeniu o zgodzie na zmianę warunków emisji
Obligacji.