Current report no : 11/2014
Report date : 5/6/2014
Abbreviated name : Ciech SA
Subject : Premature redemption of debentures of CIECH S.A.
Legal basis : Art. 56 section 1 point 2 of the Act on Offering – current and periodic information
Report :
5 December 2012. The request submitted to the Issue Agent for premature redemption of the Debentures is, according to the Terms and Conditions of Issue of Debentures, irrevocable and creates for the Issuer an unconditional obligation to redeem the Debentures on 5 June 2014.
The legal basis for the acquisition of the Debentures is constituted by the Terms and Conditions of Issue of Debentures. The reason for acquisition of the Debentures is a decrease in the level of indebtedness of the Issuer’s Capital Group and a reduction in costs of interest rates. The purpose of acquisition of the Debentures is the redemption thereof. The average unit price of each of the Debentures shall be PLN 10,287.96 (ten thousand two hundred and eighty-seven zloty and 96 groszy). The redemption value (average unit price, increased by the amount of interest) of each of the Debentures amounts to PLN 10,671.91 (ten thousand six hundred seventy-one zloty and 91 groszy).
The Issue Agent, acting pursuant to the Terms and Conditions of Issue of Debentures, shall notify the Debenture-holders of premature redemption thereof by placement of appropriate information on the website of the Issue Agent, i.e. www.esinvestment.pl
The Management Board of the Issuer, pursuant to § 21 section 2 point 8) of the By-laws of the Company has obtained the consent of the Supervisory Board of the Issuer for reduction of the indebtedness, including redemption of the Debentures.
Legal basis: Art. 56 section 1 point 2 of the Act of 29 July 2005 on Public Offering (…) and Public Companies, and § 5 section 1 points 6 and § 12 of the Regulation of the Minister of Finance of 19 February 2009 regarding current and periodic information (…).
The issue of the Debentures was notified by the Issuer by means of current report no. 62/2012 of 5 December 2012. Type of occurrence: § 5 section 1 point 6 of the Regulation of the Minister of Finance of 19 February 2009 regarding current and periodic information (…) - the acquisition by the Issuer of securities issued by the Issuer.
Signatures of the Company’s Representatives : Dariusz Krawczyk – President of the Management Board
