Submission by Ciech Group Financing AB (publ) of an offer for redemption of all secured debentures denominated in Euro, with a maturity date in 2019, at the price per debenture amounting to 101% of the face value of the debentures (i.e. EUR 101,000.00)

Current report no : 52/2014
Report date : 7/9/2014
Abbreviated name : Ciech SA
Subject : submission by Ciech Group Financing AB (publ) of an offer for redemption of all secured debentures denominated in Euro, with a maturity date in 2019, at the price per debenture amounting to 101% of the face value of the debentures (i.e. EUR 101,000.00)
Legal basis : Art. 56 section 1 point 1 of the Act on Offering - confidential information 

Report : 

The Management Board of Ciech S.A. ("the Company"), acting pursuant to Art. 56 section 1 point 1 of the Act of 29 July 2005 on Public Offering and Conditions of Introduction of Financial Instruments in an Organized Trading System and on Public Companies, (i) with reference to the agreement of 28 November 2012 ("the Indenture") specifying the terms and conditions of issue of secured debentures denominated in Euro, with a maturity date in 2019 ("Foreign Debentures"), which were issued by Ciech Group Financing AB (publ), a special purpose company, being a 100% subsidiary of the Company on 28 November 2012 ("the Issuer of Foreign Debentures") (the Company announced the issue of the Foreign Debentures in current report no. 60/2012) and (ii) with reference to the acquisition on 9 June 2014 by KI Chemistry S.à R.L., with a registered office in Luxembourg of 26,952,052 shares in the share capital of the Company, which constitutes 51.14% of the share capital of the Company, as announced by the Company in current report no. 27/2014 of 9 June 2014 ("the Acquisition of Shares")

hereby announces that:

1. with reference to the Acquisition of Shares, pursuant to point 4.15 of the Indenture (Offer for Redemption of Debentures in Consequence of a Change in Control), the Issuer of  Foreign Debentures has submitted today an offer of redemption of all Foreign Debentures for a price per one Foeign Debenture amounting to 101% of the face value of the Foeign Debenture (i.e. EUR 101,000.00), increasd by accrued and unpaid interest ("the Offer of Redemption of Foreign Debentures");
2. the Offer of Redemption of Foreign Debentures shall be binding until 5 August 2014 and may be extended by the Issuer of the Foreign Debentures, and the holders of Foreign Debentures may waive their right to participate in the redemption of the Foreign Debentures until 6 August 2014;
3. the Issuer of Foreign Debentures established the final date of redemption of Foreign Debentures to be 8 August 2014.

Signatures of the Company’s Representatives : Dariusz Krawczyk – President of the Management Board 

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