AI assistant
Kruk S.A. — Capital/Financing Update 2022
May 13, 2022
5678_rns_2022-05-13_7b892019-1001-4d2c-9f40-3a0ff1e5939a.html
Capital/Financing Update
Open in viewerOpens in your device viewer
Current Report No. 43/2022
Date: May 13th 2022
Subject: Launch of the Ninth Public Bond Issue Programme
Legal basis: Art. 17.1 of MAR - Inside information
Text of the report:
The Management Board of KRUK S.A. (the "Company") announces that on May13 th2022 it passed a resolution to launch the Ninth Bond IssueProgramme (the "Programme") with a total nominal value of up to PLN700m, under which the Company may issue public bonds ("Bonds"). TheBonds will be in book-entry form. In connection with the Programme, theCompany has prepared issue prospectus (the "Prospectus"). The Companywill file the Prospectus and an application for its approval with thePolish Financial Supervision Authority. Individual series of Bonds underthe Programme will be issued during the 12 months from the Prospectusapproval by the Polish Financial Supervision Authority. Individual Bondissues may differ with respect to their final issue terms andconditions, in particular with respect to the rules of defining interestand the interest rate. Detailed issue terms and conditions of each Bondseries will be defined in the Prospectus and in the final issue termsand conditions of individual Bond issues. Proceeds from the Programmewill be used for to finance general corporate needs with the primaryobjective of making a profit.