Considered Issue of Bonds
Legal basis: Article 17(1) of MAR - inside information
With reference to the Current Report No. 13/2020 of 5 March 2020, the Management Board of Develia S.A. (“the Issuer”) inform that they consider the issue of bonds under the existing Bond Issue Programme mentioned by the Issuer, among others, in the aforesaid report.
Subject to favourable conditions on the debt securities market, the Issuer plans to issue, under the Issue Programme, bonds with the following boundary parameters:
– Maturity of the bonds will be up to three years;
– The bonds will be issued as unsecured bonds;
– The bonds will be issued by offering them for purchase pursuant to Article 33(1) of the Act on Bonds of 15 January 2015, in such a manner that the Issuer will not be required to make a prospectus or information memorandum;
– The bonds may be admitted to trading in an alternative trading system operated by Giełda Papierów Wartościowych w Warszawie S.A. (Warsaw Stock Exchange);
– The Issuer will be entitled only to pecuniary consideration for the bonds, which will be settled through the payment of nominal value plus interest;
– The bond will bear a floating interest rate.
The final parameters of the bonds will be agreed in the course of issue and will be conditional on the outcome of talks with investors and book building.
Legal basis: Article 17 of the Regulation of the European Parliament and of the Council (EU) No. 596/2014 of 16 April 2014 on market abuse and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC.
