The Management Board of KGHM Polska Miedź S.A. (“the Company”) announces that on 29 May 2024 it adopted a resolution on concluding a bond issuance agreement, on the basis of which a bond issuance program up to the amount of PLN 4 000 000 000 (“Program”) will be established.
The bond issuance agreement, whose Parties are KGHM Polska Miedź S.A. as Issuer, and Powszechna Kasa Oszczędności Bank Polski Spółka Akcyjna, Bank Polska Kasa Opieki Spółka Akcyjna and Santander Bank Polska Spółka Akcyjna as Organisers and Dealers, will be signed on 29 May 2024.
Under the Program, the bonds will be issued pursuant to art. 33 point 1) in connection with art. 34 section 2 of the Act on Bonds of 15 January 2015, and offers to purchase the bonds will be sent to selected institutional investors, who are qualified investors pursuant to Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 as regards the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market, and repealing Directive 2003/71/EC.
The Management Board of the Company announces that it is considering the issuance under the Program using the following assumptions:
- The issuance will take place in June 2024.
- The maturity of the issued bonds will be 7 years from the issuance date.
- The bonds will be unsecured ordinary bearer bonds with a variable interest rate.
- The bonds will be registered in the securities depository operated by the Polish depository Krajowy Depozyt Papierów Wartościowych S.A. and will be placed on the Catalyst market, in the Alternative Trading System.
The final decision on the issuance of the bonds, as well as detailed terms of the issuance, including the size of the issuance, the nominal value of the bonds, the interest margin and the date of the issuance will be set by the Company at a later date.
Legal basis: Art. 17 (1) of MAR (Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC (Official Journal of the European Union dated 12 June 2014, no. L 173/1)