Modification to Develia S.A. Bond Issue Programme and Bond Issue Under Consideration
Legal basis: Legal basis: Article 17(1) of MAR - inside information
The Management Board of Develia S.A. (the “Issuer”) inform that on 15 November 2023, the Issuer and mBank S.A. made an amendment to the 2 October 2018 programme agreement (as amended) (the “Programme Agreement”), under which the amount of the Bonds multiple issue programme (as defined below) established pursuant to the Programme Agreement was increased from PLN 600,000,000.00 to PLN 650,000,000.00 (the “Issue Programme”). The amendment to the Programme Agreement is designed also to adapt both the Programme Agreement and documentation relating to the Issue Programme to amended provisions of law that apply to Bonds issued under that Programme (the “Amended Programme”).
Bonds issued under the amended Issue Programme (“the Bonds”) will be tendered for purchase pursuant to Article 33(1) or (2) of the Bonds Act of 15 January 2015.
On the date of issue, the Bonds will be (i) registered in the securities depository maintained by Krajowy Depozyt Papierów Wartościowych S.A. (the Central Securities Depository of Poland, “the KDPW”) or (ii) recorded in records kept by the issuing agent pursuant to Article 7a of the Act on Trading in Financial Instruments of 29 July 2005 (“the Trading Act”) and subsequently, they will be registered in the KDPW in accordance with the provisions of the Trading Act.
The Bonds may be admitted to trading in an alternative trading system operated by Giełda Papierów Wartościowych w Warszawie S.A. (the Warsaw Stock Exchange) (“ATS”).
Under the amended Issue Programme, the issue of Bonds has been scheduled by the Issuer by the end of 2023 at the latest, and the following bonds parameters apply:
– Maturity of the Bonds will be up to four years;
– The Bonds will be issued as unsecured bonds;
– The Bonds may be admitted to trading in an alternative trading system operated by Giełda Papierów Wartościowych w Warszawie S.A.;
– 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 Bonds 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.
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.
