Scheme-based Bond Issue
Legal basis: Art. 56.1.2 of the Act on Public Offering – current and periodic information
The Management Board of LC Corp S.A. reports that pursuant to the Bond Issue Scheme (Current Report No. 23/2007 of July 27th 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 April 15th 2011.
The bonds were issued in compliance with relevant legal rights 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 – April 15th 2011
- Maturity date – April 15th 2014
- Interest payment terms – interest based on market conditions; interest paid in half-year periods
- Face value of one bond – PLN 100,000 (one hundred thousand zloty 00/100)
- Face value of the Issue – PLN 100,000,000 (one hundred million zloty 00/100)
- The number of bonds in the series – 1,000
The total value of financial liabilities as disclosed in the recent interim report (consolidated financial statements for 2010 dated March 21st 2011), was PLN 210.2 million as at December 31st 2010 (the total value of liabilities – PLN 307.5 million). An anticipated value of financial liabilities until the complete redemption of the bonds is PLN 600 million.
Legal basis:
Art. 56.1.2a of the Act of July 29th 2005 on Public Offering and Conditions Governing the Introduction of Financial Instruments to Organised Trading and Public Companies (Journal of Laws – Dz. U. of 2005, No. 184 Item 1539, as amended), in connection with Art. 5.1.11 and Art. 5.1.17 of the Directive of the Minister of Finance dated February 19th 2009 on current and periodic information published by issuers of securities and conditions for recognising as equivalent the information required by the laws of a non-member state (Journal of Law – Dz.U. of 2009, No. 33, Item 259, as amended).
