Scheme-based Bond Issue – confidential information
Legal basis: Art. 56.1.1 of the Act on Public Offering – confidential information
The Management Board of LC Corp S.A. (“the Issuer”) reports that pursuant to the Bond Issue Scheme (of which the Issuer informed in Current Report No. 23/2007 dated 27 July 2007) concluded with Bank Pekao S.A. with its registered office in Warsaw and BRE Bank S.A. with its registered office in Warsaw (currently, mBank S.A), LC Corp S.A. issued 5-year unsecured coupon bonds on 6 June 2014.
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:
- Issue date – 6 June 2014
- Maturity date – 6 June 2019
- Interest payment terms – interest based on a commercial basis; interest paid in half-year periods
- Face value of one bond – PLN 1,000 (one thousand zloty 00/100)
- Face value of the Issue – PLN 50,000,000 (fifty million zloty 00/100)
- The number of bonds in the series – 50,000
The total value of financial liabilities as disclosed in the recent interim report (consolidated financial statements for Q1 2014 dated 15 May 2014), as at 31 March 2014, was PLN 829 million and PLN 218 million arising from the purchase of Sky Tower S.A. shares (the total value of liabilities – PLN 1,262 million). An anticipated value of financial liabilities until the complete redemption of the bonds is PLN 910 million and PLN 40 million arising from the purchase of Sky Tower S.A. shares (the total value of liabilities – PLN 1,200 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.
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