27sep2018
Current Report 31/2018
Only the Polish version of this document is legally binding.
This translation is provided for information only.
Every effort has been made to ensure the accuracy of this publication.
In relation to current reports Nos. 26/2018 of 20/08/201, 26/2018/K of 20/08/2018 and 28/2018 of 23/08/2018, the Management Board of INPRO SA with its registered office in Gdańsk (the "Company") informs that the it adopted a resolution on the issue of 25,000 (twenty five thousand) three-year secured bearer bonds with the nominal value of PLN 1,000 each and the total nominal value up to 25,000,000 (twenty five million) zlotys (the "Bonds").
1. The Bonds will be issued in the manner prescribed by Article 33 item 2 of the Bond Act of 15 January 2015, and the proposal to purchase them will be addressed to not more than 149 addressees.
2. The issue price of one Bond will be equal to its nominal value).
3. The Bonds will be secured bearer bonds which will not have the form of a document, and they will only give the right to financial benefits.
4. The Bonds will bear interest at the rate equal to the WIBOR 6M rate (Warsaw Interbank Offered Rate) for six month deposits plus a margin.
5. Interest will be paid at six-month periods.
6. The Bonds will be registered in the depository for securities maintained by the company under the business name of Krajowy Depozyt Papierów Wartościowych S.A. [the National Depository for Securities, a joint stock company] pursuant to Article 8 para. 5 of the Bonds Act (the "Depository of the National Depository for Securities").
7. The Bonds will be secured by a first priority mortgage on the hotel property called the "Dom Zdrojowy" in Jastarnia, such a mortgage established on the basis of the rules laid down in the Terms of Bond Issue.
8. The purpose of the issue is to allocate the funds towards the current operations of the Issuer's Group, in particular the purchase of land and construction of property development projects.
The Company will seek the placing of the Bonds on the market in the alternative trade system on the Catalyst market (the "ASO Catalyst") run by the Warsaw Stock Exchange and by BondSpot S.A. pursuant to the regulations of the ASO Catalyst.
Detailed legal grounds: Article 17 par. 1 of the Regulation of the European Parliament and of the Council (EU) No 596/2014 of 16 April 2014 on market abuse (the 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 (also referred to as the MAR)
1. The Bonds will be issued in the manner prescribed by Article 33 item 2 of the Bond Act of 15 January 2015, and the proposal to purchase them will be addressed to not more than 149 addressees.
2. The issue price of one Bond will be equal to its nominal value).
3. The Bonds will be secured bearer bonds which will not have the form of a document, and they will only give the right to financial benefits.
4. The Bonds will bear interest at the rate equal to the WIBOR 6M rate (Warsaw Interbank Offered Rate) for six month deposits plus a margin.
5. Interest will be paid at six-month periods.
6. The Bonds will be registered in the depository for securities maintained by the company under the business name of Krajowy Depozyt Papierów Wartościowych S.A. [the National Depository for Securities, a joint stock company] pursuant to Article 8 para. 5 of the Bonds Act (the "Depository of the National Depository for Securities").
7. The Bonds will be secured by a first priority mortgage on the hotel property called the "Dom Zdrojowy" in Jastarnia, such a mortgage established on the basis of the rules laid down in the Terms of Bond Issue.
8. The purpose of the issue is to allocate the funds towards the current operations of the Issuer's Group, in particular the purchase of land and construction of property development projects.
The Company will seek the placing of the Bonds on the market in the alternative trade system on the Catalyst market (the "ASO Catalyst") run by the Warsaw Stock Exchange and by BondSpot S.A. pursuant to the regulations of the ASO Catalyst.
Detailed legal grounds: Article 17 par. 1 of the Regulation of the European Parliament and of the Council (EU) No 596/2014 of 16 April 2014 on market abuse (the 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 (also referred to as the MAR)
