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Kruk S.A. — Capital/Financing Update 2020
Apr 1, 2020
5678_rns_2020-04-01_8ec9c98e-bb26-4d4a-99df-7a0e57b8af76.html
Capital/Financing Update
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Current Report No. 7/2020
Date of the report: April 1st 2020
Subject: KRUK Management Board resolution on bond repurchase
Legal basis: Article 17(1) of MAR - Inside information
Text of the report:
The Management Board of KRUK S.A. (the Company) announces that today ithas passed a resolution to repurchase a portion of its book-entry bondswith a par value of PLN 100.00 or PLN 1,000.00 per bond, depending onthe series, issued by the Company in the złoty (PLN) pursuant torelevant resolutions of the Management Board and traded on the Catalystmarket (regulated market or multilateral trading facility)
(the Bonds). The Bonds will be repurchased for redemption pursuant toArt. 76.1 of the Act on Bonds of January 15th 2015. The Bonds will beredeemed at par value on or before September 30th 2020.
The Company reserves the right to conduct multiple bond repurchasesuntil September 30th 2020.
The repurchase can be carried out as part of exchange trading or in OTCtransactions. The total value of executed Bond repurchase transactionswill not exceed PLN 25 m.