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Kruk S.A. — Capital/Financing Update 2017
May 26, 2017
5678_rns_2017-05-26_676e3a75-6590-4453-aec5-3b6a97710c5f.html
Capital/Financing Update
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Current Report No. 29/2017
Date of the report: May 26th 2017
Subject: Private issue of unsecured bonds
Legal basis: Art. 17.1 of MAR - Inside information
Text of the report:
The Management Board of KRUK S.A. ("Company", "Issuer") announces thaton May 26th 2017 it passed a resolution to issue unsecured Series AE2bonds ("Bonds"). Under resolution, the Company has resolved to issue upto 20,000 Bonds with a nominal value of EUR 1,000 per bond, maturing 60months after the allotment date. The Bonds will be offered at the issueprice equal to their nominal value. The Bonds will bear interest and theinterest on the Bonds will be payable every 12 months. The bonds will beissued in accordance with, and will be governed by, Polish law. TheBonds will be offered in a private placement. Bonds will be issued bySeptember 30th 2017, in book-entry form. The Issuer intends to registerthe Bonds in CSDP to book-entry form and then to introduce them totrading in the alternative trading system on the Catalyst market.