Ciech

Szukaj
WCAG A A A

CURRENT REPORTS

Notice of an intention of early redemption of foreign debentures

Current report no.: 40/2015

Date of report: 2015-10-30

Subject: Notice of an intention of early redemption of foreign debentures

Text of the report:

The Management Board of CIECH S.A. (“the Company”, “the Issuer”), with reference to current report no. 60/2012, 61/2013 and 38/2015, announces that on 30 October 2015, the subsidiary of the Issuer – Ciech Group Financing AB (publ) (“the HY Issuer”) submitted a notice of its intention to carry out, on 30 November 2015, of early redemption (“the Notice”) of secured debentures to the face value of EUR 245,000,000, issued by the HY Issuer on 28 November 2012, with the original redemption date of 2019 (“HY Debentures”). According to the provisions of the Indenture agreement (the conclusion whereof was notified by the Company in its current report no. 61/2012), a total amount required to redeem the HY Debentures on 30 November 2015 equals EUR 263,426,041.67 EUR (“Redemption Amount”). The Notice also anticipates that early redemption of the HY Debentures shall be performed subject to the disbursement by the lenders under the loans agreement (the conclusion whereof was notified by the Company in its report no. 38/2015 of 30 October 2015) of loans to the amount not lower than the equivalent of the Redemption Amount.

Signatures of the Company's representatives:

Maciej Tybura – President of the Management Board

Artur Osuchowski – Member of the Management Board

Legal basis: Art. 56 section 1 point 1 of the Act on Offering - confidential information.


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