Scheme-based Bond Issue

Report number 042/2012

Legal basis: Art. 56.1.1 of the Act on Public Offering – confidential information

The Management Board of LC Corp S.A. reports that pursuant to the Bond Issue Scheme (Current Report No. 23/2007 of 27 July 2007) concluded with Bank Pekao S.A. of Warsaw and BRE Bank S.A. of Warsaw, LC Corp S.A. issued 3-year unsecured coupon bonds on 1 June 2012.
The bonds were issued in compliance with relevant law and regulations in force in Poland.
The bonds were issued in Polish zloty as bearer, unsecured, dematerialized and coupon securities.
The bonds will be redeemed at their face value.
The bonds were issued under the following terms:

  1. Issue date – 1 June 2012
  2. Maturity date – 25 May 2015
  3.  Interest payment terms – interest based on a commercial basis; interest paid in half-year periods 
  4. Face value of one bond – PLN 100,000 (one hundred thousand zloty 00/100)
  5. Face value of the Issue – PLN 65,000,000 (sixty five million zloty 00/100)
  6. The number of bonds in the series – 650

The total value of financial liabilities as disclosed in the recent interim report (consolidated financial statements for Q1 2012 dated 15 May 2012), was PLN 340.2 million as at 31 March 2012 (the total value of liabilities – PLN 452.6 million). An anticipated value of financial liabilities until the complete redemption of the bonds is PLN 750 million (the total value of liabilities – PLN 850 million).
In the opinion of the Management Board of LC Corp SA this information is regarded as confidential as defined by Art. 154 of the Act on Trading in Financial Instruments of 29 July 2005.

Legal basis:
Art. 56.1.1 of the Act of 29 July 2005 on Public Offering and Conditions Governing the Introduction of Financial Instruments to Organised Trading and Public Companies