Current Reports

RB 69/2023

In accordance with the Terms of Issuance of bonds of series R, S, A1, A2, T and B1, PRAGMAGO S.A. presents a report on the status of the subject of the pledge securing the claims of bondholders of these series. As of November 30, 2023, the nominal value of the receivables included in the set of pledged receivables for each series was.

For the R series, PLN 14,408,297.

for the S 8 series PLN 402,270.

for the A1 series, PLN 19,200,816.

for the A2 series, PLN 20,448,308.

for the T series PLN 20,710,580.

For the U-series, PLN 12,064,299.

For the B1 series, PLN 15,390,024.

Total value of the collection: PLN 110,624,594.

There was no shortage condition

Total receipts to the pledged bank account established to secure receivables under the Series R, S, A1, A2, T, U and Series B1 Bonds for the last 6 months amounted to PLN 129,694,129.53.

The value of the Loss Ratio as of 30/11/2023 is 0.51%

Legal basis – Article 17 (1) of Regulation (EU) No. 596/2014 of the European Parliament and of the Council (MAR).

RB 68/2023

RB 67/2023

The Management Board of PragmaGO S.A. (hereinafter: “Issuer”) informs that on December 8, 2023. The National Depository for Securities (Krajowy Depozyt Papierów Wartościowych S.A.) has issued a statement that it has entered into an agreement with the Issuer for the registration in a securities depository of i.e. 200,000 series C1 bearer bonds, which have been assigned ISIN code: PLGFPRE00347 (hereinafter: “Bonds”). The registration is made in connection with the admission of the Bonds to trading on the regulated market.

Legal basis: § 17(1)(1) of the Regulation of the Minister of Finance dated March 29, 2018. On current and periodic information.

RB 66/2023

RB 65/2023

The Management Board of PragmaGO S.A., based in Katowice, Poland (the “Company” or the “Issuer”) informs that on December 5, 2023. The Management Board of the Warsaw Stock Exchange adopted Resolution No. 1320/2023 on the admission of 200,000 series C1 bearer bonds issued by the Company (the “Bonds”) to exchange trading on the primary market – as of the date of registration of the Bonds by the National Depository for Securities S.A.
The Issuer informed about the issue of the Bonds in current report No. 61/2023 dated November 10, 2023, and about the allocation of the Bonds in current report No. 64/2023 dated November 27, 2023.

Legal basis: § 17 (1) (2) of the Regulation of the Minister of Finance dated March 29, 2018. On current and periodic information.

RB 64/2023

With reference to current report No. 61/2023 dated November 10, 2023 on the issue of series C1 bonds under the Fourth Public Bond Issuance Program (hereinafter: “Program”), the Board of Directors of PragmaGO S.A. (hereinafter: the “Company”) informs that on November 27, 2023, it adopted a resolution (hereinafter: the “Resolution”) on the allocation of Series C1 bonds issued under the Program (hereinafter: the “Bonds”). A total of 200,000 Bonds were offered in the public offering at an issue price of PLN 100 per Bond. The Management Board of the Company allocated 200,000 Bonds with a total nominal value of PLN 20,000,000.
As a result of proportional reduction, which amounted to 48.54%, the Company allocated 200,000 Bonds in response to the subscriptions of 747 Investors.
At the same time, the Company informs that detailed information summarizing the issue of Bonds will be provided in a separate current report. Legal basis – Article 17 (1) of Regulation (EU) No. 596/2014 of the European Parliament and of the Council (MAR). Legal basis – Article 17 (1) of Regulation (EU) No. 596/2014 of the European Parliament and of the Council (MAR).

RB 63/2023

In accordance with the Terms and Conditions of Issuance of bonds of series R, S, A1, A2, T and B1, PRAGMAGO S.A. presents a report on the status of the pledged receivables securing the claims of bondholders of these series. As of October 31, 2023, the nominal value of the claims included in the set of pledged claims for each series amounted to.

For the R series, PLN 14,445,211.

for the S 8 series PLN 618,950.

For the A1 series, PLN 19,635,499.

for the A2 series PLN 20,732,313.

for the T series, PLN 19,245,823.

for the U-series PLN 12,068,021.

For the B1 series, PLN 15,359,363.

Total value of the collection: PLN 110,105,180.

There was no shortage condition

Total receipts to the pledged bank account established to secure receivables under the Series R, S, A1, A2, T, U and Series B1 Bonds for the last 6 months amounted to PLN 129,100,482.32.

The value of the Loss Ratio as of 31/10/2023 is 0.50%.

Legal basis – Article 17 (1) of Regulation (EU) No. 596/2014 of the European Parliament and of the Council (MAR).

RB 62/2023

The Management Board of PragmaGO S.A. (the “Issuer”) presents the results in terms of turnover and the number of clients served for Q3 2023 and in the period Q1-Q3 2023. The data also includes factoring transactions carried out at Pragma Faktor, of which PragmaGO is the servicer.

Turnover (face value of financed receivables) in Q3 2023 amounted to PLN 511 million (up 22% y/y), of which PLN 424 million was attributable to factoring (up 12% y/y) and PLN 87 million (up 110% y/y) to online lending.

Embedded finance services (partnership model: embedding financial services in partners’ ecosystems) generated turnover of PLN 126 million in Q3 2023 (up 53%), benefited 8,472 entrepreneurs (up 53% y/y), including:

– The Merchant Cash Advance service was used by 1,097 entrepreneurs (up 351% y/y), who received financing worth PLN 38 million (up 139% y/y),

– The BNPL service (B2B deferred payments) was used by 7,323 entrepreneurs (up 44% y/y), who received financing worth PLN 49 million (up 90% y/y).

In Q3 2023, 9,131 entrepreneurs used PragmaGO’s services (up 45% y/y) to complete 89,001 transactions (up 61% y/y).

In Q1-Q3 2023, PragmaGO’s total turnover (nominal value of financed receivables) amounted to PLN 1.4 billion (up 25% y/y), of which factoring generated PLN 1.2 billion (up 15% y/y) and online loans PLN 214 million (up 142% y/y). Embedded finance products achieved a turnover of PLN 331 million (up 56% y/y), including:

– The Merchant Cash Advance service was used by 1,774 entrepreneurs (up 621% y/y), who received financing worth PLN 86 million (up 438% y/y),

– The BNPL service (B2B deferred payments) was used by 11,479 entrepreneurs (up 35% y/y), who received financing worth PLN 127 million (up 76% y/y).

During the first three quarters of 2023, PragmaGO served 14,269 traders (a 37% increase). They completed 283,565 transactions (up 97% year-on-year).

Legal basis – Article 17 (1) of Regulation (EU) No. 596/2014 of the European Parliament and of the Council (MAR).

RB 61/2023

The Board of Directors of PragmaGO S.A., based in Katowice, Poland _ the “Company” or the “Issuer”_ informs that on November 10, 2023, it adopted a resolution on the issuance and determination of the final terms and conditions of the Series C1 Bonds _ the “Bonds”_. The Bonds are issued under the Fourth Public Bond Issuance Program, for which the Registration Document, the Secured Bond Offering Document and the Unsecured Bond Offering Document were approved by the Financial Supervisory Commission on September 14, 2023.
The Bonds will be offered by way of a public offering on the basis of the Base Prospectus for Unsecured Bonds _ the “Prospectus”_. 200,000 _two hundred thousand_ Bonds with a par value of PLN 100.00 _one hundred_ each will be offered in the Bonds issue. The total par value of the Bonds shall be PLN 20,000,000.00 _twenty million_. The issue price of the Bonds shall be equal to the nominal value.
The interest rate on the Bonds shall be variable, its amount shall be determined at the prime rate plus a fixed margin, subject to an increase in the amount of the margin in the event that the Issuer’s Debt Index is exceeded under the rules described in the Final Terms of the Bonds. Detailed rules for determining the interest rate on the Bonds, including in particular the prime rate, are set forth in the Prospectus and the Final Terms of the Bonds.
The Issuer will redeem the Bonds on November 27, 2026. The Issuer will have the right of early redemption of the Bonds, the rules for the exercise of which will be described in the Final Terms of Issuance of the Bonds.
The Bonds will not be secured.
The Bonds will be dematerialized and will be subject to the Issuer’s application for their introduction to trading on the Catalyst regulated market operated by the Warsaw Stock Exchange.
The Issuer announced the establishment of the Fourth Public Bond Issuance Program in current report No. 20/2023 dated March 31, 2023.

Legal basis: Article 17 (1) MAR – confidential information.

RB 60/2023

With reference to the deadlines for the submission of periodic reports contained in current report No. 5/2023 dated 31/01/2023, the Board of Directors of PragmaGO S.A. hereby corrects the deadline for the submission of the extended consolidated quarterly report for the third quarter of 2023 to the public in such a way that it sets the deadline as November 15, 2023.

The other dates indicated in current report No. 5/2023 dated 31/01/2023 remain unchanged.

Legal basis: § 80 (2) of the Decree of the Minister of Finance dated March 29, 2018 on current and periodic information _…_.

RB 59/2023

The Management Board of PragmaGO S.A. (“Issuer”) informs that on October 25, 2023. Mr. Tomasz Bogus has resigned from the position of Vice President of the Issuer’s Management Board. The resignation is submitted with effect from October 25, 2023.

The current composition of PragmaGO S.A.’s Board of Directors is as follows:

Tomasz Boduszek – President of the Management Board
Danuta Czapeczko – Vice President of the Management Board
Jacek Obrocki – Vice President of the Management Board
Łukasz Ramczewski – Vice President of the Management Board

Legal basis – Article 17 (1) of the Regulation of the European Parliament and of the Council of the EU No. 596/2014 MAR.

RB 58/2023

In accordance with the Terms and Conditions of Issuance of bonds of series R, S, A1, A2, T and B1, PRAGMAGO S.A. presents a report on the status of the pledged receivables securing the claims of bondholders of these series. As of September 30, 2023, the nominal value of the receivables included in the set of pledged receivables for each series was.

For the R series, PLN 14,404,960.
for the S series PLN 8,480,018.
for the A1 series, PLN 19,314,629.
for the A2 series PLN 20,424,357.
For the T series, PLN 19,237,470.
For the U series, PLN 12,014,520.
for the B1 series PLN 15,335,159.

Total value of the collection: PLN 109,211,114.
There was no deficiency condition
Total receipts to the bank account pledged to secure the receivables from the Series R, S, A1, A2, T, U and Series B1 Bonds for the last 6 months amounted to 128.991,060.55 PLN.
The value of the Loss Ratio as of 30/09/2023 is 0.47%
Legal basis – Article 17 (1) of Regulation (EU) No. 596/2014 of the European Parliament and of the Council (MAR).

RB 57/2023

The Management Board of the Issuer PragmaGO S.A. informs that on September 27, 2023. The Management Board of the Warsaw Stock Exchange adopted Resolution No. 1044/2023 to set September 29, 2023 as the first day of trading in the alternative trading system on the Catalyst market of 120,000 series V bearer bonds issued by PragmaGO S.A., designated by the National Securities Depository with the code PLGFPRE00339. The bonds will be listed in the continuous trading system under the abbreviated name “PRF0326.”

Legal basis: § 17 (1) (4) of the Regulation of the Minister of Finance dated March 29, 2018. On current and periodic information (…).

RB 56/2023

The Management Board of the Issuer PragmaGO S.A. informs that on September 22, 2023. The Management Board of the Warsaw Stock Exchange adopted Resolution No. 1024/2023 to introduce 120,000 series V bearer bonds issued by PragmaGO S.A. with a nominal value of PLN 100 each to the alternative trading system on the Catalyst market – as of the date of registration of these bonds by the National Depository for Securities. The Resolution of the Management Board of the Warsaw Stock Exchange shall come into force on the date of its adoption.

Legal basis: § 17 (1) (2) of the Regulation of the Minister of Finance dated March 29, 2018. On current and periodic information (…).

RB 55/2023

In accordance with the Terms and Conditions of Issuance of bonds of series R, S, A1, A2, T and B1, PRAGMAGO S.A. presents a report on the status of the pledged receivables securing the claims of bondholders of these series. As of August 31, 2023, the nominal value of the claims included in the set of pledged claims for each series amounted to.

For the R series, PLN 14,533,091.
for the S series PLN 8,461,057.
for the A1 series, PLN 19,522,946.
For the A2 series, PLN 20,403,264.
for the T series, PLN 19,255,755.
for the U-series PLN 12,002,379.
For the B1 series, PLN 15,577,287.

Total value of the collection: PLN 109,755,779.
There was no deficiency condition
Total receipts to the bank account pledged as collateral for the receivables from the Series R, S, A1, A2, T, U and Series B1 Bonds for the last 6 months amounted to PLN 128,220,187.
The value of the Loss Ratio as of 31/08/2023 is 0.61%
Legal basis – Article 17(1) of the Regulation of the European Parliament and of the Council (EU) No. 596/2014 (MAR).

RB 54/2023

The Management Board of PragmaGO S.A., based in Katowice, Poland (the “Company” or the “Issuer”) announces that on September 14, 2023. The Polish Financial Supervision Authority has issued decisions to approve the registration document, the offering document for the Company’s secured bonds and the offering document for the Company’s unsecured bonds issued under the Company’s Fourth Public Bond Issuance Program (“IV PEO”). The registration document together with the offering document for the covered bonds will constitute the base prospectus for the Company’s covered bonds issued under the IV PEO. The registration document together with the offering document for the unsecured bonds will constitute the base prospectus for the Company’s unsecured bonds issued under the IV PEO. The approved documents will be the basis for conducting public offerings of bonds issued by the Company under the IV PEO with an aggregate nominal value of no more than PLN 500,000,000 (the “Bonds”) and for the admission and introduction of the Bonds to trading on the regulated market operated by the Warsaw Stock Exchange.
The Issuer announced the determination of the IV PEO in current report No. 20/2023 dated March 31, 2023.

Legal basis – Article 17 (1) of Regulation (EU) No. 596/2014 of the European Parliament and of the Council (MAR).

RB 53/2023

The Management Board of PragmaGO S.A. (hereinafter: “Issuer”) informs that on September 13, 2023. The National Securities Depository (Krajowy Depozyt Papierów Wartościowych S.A.) has issued a statement that it has entered into an agreement with the Issuer for the registration in the securities depository of i.e. 120,000 series V bearer bonds, which have been assigned ISIN code: PLGFPRE00339. The registration will take place within 3 days of the National Securities Depository’s receipt of the decision to introduce these bonds to the alternative trading system.

Legal basis: § 17(1)(1) of the Regulation of the Minister of Finance dated March 29, 2018. On current and periodic information.

RB 52/2023

With reference to current report No. 51/2023 dated September 5, 2023, the Management Board of PragmaGO S.A. announces the completion of the subscription for Series V bearer bonds issued under Resolution No. 1/21.08.2023 of the Management Board of PragmaGO S.A. dated August 21, 2023 on the issue of Series V Bonds, determination of their terms of issue, dematerialization and introduction to trading on Catalyst:

1. subscription start date: August 22, 2023; subscription end date: September 4, 2023;
2. date of allocation of financial instruments: September 5, 2023;
3. number of financial instruments subscribed or sold: 120,000 bonds;
4. rate of reduction in individual tranches: the issue was not divided into tranches, subscriptions for a total of 120,000 bonds were accepted, no reduction in subscriptions was made;
5. number of financial instruments that were allocated in the subscription or sale: 120,000 series V bonds were allocated;
6. price at which the financial instruments were purchased (taken up) : PLN 100.00;
7. nominal value of financial instruments: PLN 100.00 each Series V Bond, the total par value of Series V Bonds is PLN 12,000,000;
8. number of persons who subscribed for financial instruments subscribed or sold in individual tranches: the issue was not divided into tranches, 42 persons subscribed for Series V Bonds (including 41 natural or legal persons other than qualified investors);
9. the number of persons to whom the financial instruments were allotted in the subscription or sale carried out in individual tranches: the issue was not divided into tranches, Series V Bonds were finally allotted to 42 persons (including 41 natural or legal persons other than qualified investors);
10. information whether the persons to whom the financial instruments were allotted as part of the subscription or sale in individual tranches are related parties to the issuer: none of the persons to whom the Series V Bonds were allotted is a related party to the issuer within the meaning of § 4(6) of the ATS Regulations;
11. name of the firm of underwriters who took up the financial instruments as part of the execution of underwriting agreements: The Company did not enter into underwriting agreements;
12. The total amount of costs that were included in the costs of the issue amounted to: PLN 295,494.00, including costs:
a) preparation and conduct of the offering: PLN 270,000.00;
b) remuneration of underwriters, for each separately: none;
c) preparation of the information document, including costs of consulting:
PLN 25,494.00
d) promotion of the offering: none;
13. average cost of conducting the subscription of Bonds per unit of security: PLN 2.46.

Financial liabilities from the issuance of Series V Bonds will be carried at amortized cost using the effective interest rate method. Costs incurred in preparing and conducting the offering and consulting services related to the issuance of the Series V Bonds will be included in the calculation of amortized cost in accordance with the application of the effective interest rate method and, as a result, will be amortized to the income statement over the term of the bonds.
All Series V Bonds were taken up for cash contributions. Legal basis: Article 16 (1) of the Regulation of the Minister of Finance dated March 29, 2018 on current and periodic information (…). Legal basis: article 16 (1) of the Regulation of the Minister of Finance of March 29, 2018 on current and periodic information (…).

RB 51/2023

With reference to current report No. 49/2023 dated August 21, 2023 on the issue of series V bonds, the Board of Directors of PragmaGO S.A. (hereinafter: the “Company”) informs that on September 5, 2023, it adopted a resolution (hereinafter: the “Resolution”) on the allocation of Series V bonds issued pursuant to the Resolution of the Board of Directors of PragmaGO S.A. dated August 21, 2023 (hereinafter: the “Bonds”). A total of 120,000 Bonds were offered to qualified investors and to no more than 149 natural or legal persons other than qualified investors, at an issue price of PLN 100 per Bond. The Management Board allotted 120,000 Bonds with a total nominal value of PLN 12,000,000.

At the same time, the Company informs that detailed information summarizing the Bond issue will be provided in a separate current report.

Legal basis – Article 17 (1) of Regulation (EU) No. 596/2014 of the European Parliament and of the Council (MAR).

RB 50/2023

The Management Board of PragmaGO S.A. (“Issuer”, “Company”) announces that on August 30, 2023, it adopted a resolution on the establishment of a program for unprospective bond issues (the “Program”).
The Issuer will be authorized to issue unsecured bearer bonds (the “Bonds”) under the Program with an aggregate nominal value not exceeding PLN 300,000,000 (three hundred million). The Bonds issued under the Program shall be offered in a manner that does not require the preparation of a prospectus or base prospectus as referred to in Regulation (EU) 2017/1129 of the European Parliament and of the Council of June 14, 2017.
The issuance of each series of Bonds under the Program requires the adoption of a separate resolution of the Board of Directors of the Company on the issue, which will specify for a given series of Bonds, in particular, the unit and total par value of the Bonds, the issue price of the Bonds, the method of interest on the Bonds, the issue date and the redemption date of the Bonds, and the rules for the Company to carry out early redemption of the Bonds. The Issuer does not specify the end date of the Program. Santander Bank Polska S.A. is the organizer of the Program and the entity providing the Company with the services of offering the Bonds.

RB 49/2023

The Management Board of PragmaGO S.A. (the “Issuer”) announces that on August 21, 2023, it adopted a resolution on the issue of Series V Bonds, setting the terms and conditions of their issue, dematerialization and introduction of the Bonds to trading on Catalyst. The issue comprises no more than 120,000 Series V ordinary bearer bonds (the “Bonds”).
The offering of the Bonds will be addressed only to qualified investors and to no more than 149 natural or legal persons other than qualified investors, pursuant to Article 33(1) in conjunction with Article 34(2) of the Bond Law and in conjunction with Article 1(4)(a) and (b) of the Prospectus Ordinance.
The issue will be successful if at least 50,000 Bonds are duly subscribed and paid for (the issue threshold). The par value of each Bond is PLN 100. The issue price is equal to the nominal value. The Bonds shall be redeemed by the Issuer within 2 years and 6 months from the date of allotment. The Bonds shall be redeemed through payment of a cash amount equal to the nominal value of the Bonds. The Bonds shall bear interest. The interest rate on the Bonds will be determined based on a variable prime rate of WIBOR3M, plus a fixed margin. The interest rate on the Bonds will be fixed for a given interest period. The rules for determining the final interest rate on the Bonds for each interest period are set forth in the terms and conditions of the Bond issue. The Bonds will not be secured.
The Issuer intends to apply for the introduction of the Bonds into the alternative trading system on the Catalyst market. Following the allotment, the Issuer will immediately take steps to register the Bonds with the National Depository for Securities.

Legal basis: Article 17 (1) MAR – confidential information.

RB 48/2023

In accordance with the Terms and Conditions of Issuance of bonds of series R, S, A1, A2, T and B1, PRAGMAGO S.A. presents a report on the status of the pledged receivables securing the claims of bondholders of these series. As of July 31, 2023, the nominal value of the receivables included in the set of pledged receivables for each series was.

For the R series, PLN 14,583,186.
for the S Series 8,411,188 zloty.
For the A1 series, PLN 19,241,935.
for the A2 series, PLN 20,401,912.
For the T series, PLN 19,203,209.
For the U-series, PLN 12,612,615.
For the B1 series, PLN 15,341,405.

Total value of the collection: PLN 109,795,449.
A state of shortage did not exist.
Total receipts to the pledged bank account established to secure receivables under the Series R, S, A1, A2, T, U and Series B1 Bonds for the last 6 months amounted to PLN 119,024,815.
The value of the Loss Ratio as of 31/07/2023 is 0.53%.

Legal basis – Article 17 (1) of Regulation (EU) No. 596/2014 of the European Parliament and of the Council (MAR).

RB 47/2023

In connection with the expiration on July 15, 2023 of the Third Public Bond Issuance Program, for which the Registration Document, the Secured Bond Offering Document and the Unsecured Bond Offering Document were approved by the Financial Supervisory Commission on July 15, 2022. _further referred to as the “Program”_, the Board of Directors of PragmaGO S.A. _hereinafter: the “Issuer”_ announces to the public information on the amount of costs incurred in connection with the Program.
The total cost of the Program, under which the Issuer issued: 200,000 series B1 bonds, 200,000 series B2 bonds, 250,000 series B3 bonds, 200,000 series B4 bonds amounted to: PLN 2,104,699.64.
This amount consists of:
1. costs of preparing and carrying out bond offerings PLN 1,878,955.16,
2. costs related to the preparation and approval of the prospectus, including consulting costs PLN 111,444.48,
3. costs of promoting bond offerings PLN 114,300.00.
The average total cost of conducting the offerings per bond offered, with a face value of PLN 100, was PLN 2.71. The Issuer did not incur underwriters’ fees, as it did not enter into underwriting agreements in connection with the bond offerings. The costs of the Program in the amount of PLN 2,104,699.64 will be included in the calculation of amortized cost, in accordance with the application of the effective interest rate method, and as a result will be amortized to the income statement over the term of the bonds.
The Issuer announced the establishment of the Program in current report No. 6/2022 dated 28/01/2022, and the approval of the Program documents by the Financial Supervision Authority in current report No. 22/2022 dated July 15, 2022.

Legal basis: § 16 (1) of the Decree of the Minister of Finance dated March 29, 2018 on current and periodic information _…_.

RB 46/2023

The Management Board of PragmaGO S.A. (the “Issuer” or the “Company”) announces that on August 4, 2023, an overdraft agreement in the amount of PLN 15,000,000.00 was concluded between SGB-Bank S.A. as the Bank and the Company as the Borrower to finance the Borrower’s current business activities (the “Loan Agreement”).
Under the terms of the Loan Agreement, the final date for repayment of the loan and interest is August 3, 2024. The interest rate on the loan will be calculated at a rate equal to the sum of the Bank’s fixed margin and WIBOR 1M.
Security for repayment of obligations under the Loan Agreement is: a blank promissory note, power of attorney to the account and a registered pledge on a separate set of current and future receivables constituting an economic whole.

Legal basis – Article 17 (1) of Regulation (EU) No. 596/2014 of the European Parliament and of the Council (MAR).

RB 45/2023

In accordance with the Terms and Conditions of Issuance of bonds of series R, S, A1, A2, T and B1, PRAGMAGO S.A. presents a report on the status of the pledged receivables securing the claims of bondholders of these series. As of June 30, 2023, the nominal value of the receivables included in the set of pledged receivables for each series was.

For the R series, PLN 14,841,546.

For the S series, PLN 8,435,043.

for the A1 series, PLN 19,247,089.

for the A2 series, PLN 20,409,456.

For the T series, PLN 19,266,256.

for series U PLN 12,000,246.

for the B1 series PLN 15,353,141.

Total value of the collection: PLN 109,552,777.

There was no shortage condition

Total receipts to the pledged bank account established to secure receivables under the Series R, S, A1, A2, T, U and Series B1 Bonds for the last 6 months amounted to PLN 118,921,872.

The value of the Loss Ratio as of 30/06/2023 is 0.56%

Legal basis – Article 17 (1) of Regulation (EU) No. 596/2014 of the European Parliament and of the Council (MAR).

RB 44/2023

The Management Board of PragmaGO S.A. (the “Issuer”) presents estimated results in terms of turnover and number of clients served for Q2 2023 and Q1-2023. The final results will be provided in the content of the interim report scheduled for publication on September 20, 2023.
Turnover (nominal value of financed receivables) in Q2 2023 amounted to PLN 488 million (up 24% y/y), of which PLN 418 million was attributable to factoring (up 14% y/y) and PLN 70 million (up 191% y/y) to online lending (including BNPL B2B and Revenue-Based Financing). PragmaGO’s services were used by 8,992 customers during the period (up 55% y/y), who completed 103,134 transactions (up 109% y/y). In Q2 2023, the embedded finance area generated turnover of PLN 109 million (up 63% y/y).
In Q1-Q2 2023, PragmaGO’s total turnover (nominal value of financed receivables) amounted to PLN 924 million (up 27% y/y), of which factoring generated PLN 797 million (up 19% y/y), and online lending (including BNPL B2B and Revenue-Based Financing) PLN 125 million (up 170%). In Q1-Q2 2023, PragmaGO’s services were used by 11,714 customers (up 47% y/y), who completed 194,529 transactions (up 118% y/y). During this period, in the embedded finance model, turnover amounted to PLN 204 million, an increase of 59%.Legal basis – Article 17 (1) of Regulation (EU) No. 596/2014 of the European Parliament and of the Council (MAR).

RB 43/2023

The Management Board of the Issuer PragmaGO S.A. informs that on July 11, 2023. The Management Board of the Warsaw Stock Exchange (WSE) adopted Resolution No. 722/2023 to introduce 200,000 series B4 bearer bonds with a nominal value of PLN 100 each, issued by PragmaGO S.A., to trading on the primary market on July 13, 2023. The resolution of the Management Board of the Warsaw Stock Exchange shall come into force on the date of adoption.

Legal basis: § 17 (1) (4_) of the Regulation of the Minister of Finance dated March 29, 2018. on current and periodic information (…).

RB 42/2023

The Management Board of PragmaGO S.A. with its seat in Katowice (the “Company” or the “Issuer”) informs that on July 7, 2023. The Management Board of the Warsaw Stock Exchange adopted Resolution No. 717/2023 on the admission of 200,000 series B4 bearer bonds issued by the Company (the “Bonds”) to exchange trading on the primary market – as of the date of registration of the Bonds by the National Depository for Securities.

The Issuer announced the issuance of the Bonds in Current Report No. 33/2023 dated June 12, 2023, and the allocation of the Bonds in Current Report No. 38/2023 dated June 27, 2023.

Legal basis: § 17 (1) (2) of the Regulation of the Minister of Finance dated March 29, 2018. On current and periodic information.

RB 41/2023

The Management Board of PragmaGO S.A., based in Katowice, Poland (the “Company” or the “Issuer”) announces the completion of the subscription of unsecured bearer bonds, series B4, issued pursuant to the Issuer’s Management Board Resolution No. 1/12.06.2023 dated June 12, 2023 under the Third Public Bond Issuance Program, for which the Registration Document, Secured Bond Offering Document and Unsecured Bond Offering Document were approved by the Polish Financial Supervision Authority on July 15, 2022. _”Bonds”_:
1) Subscription commencement date: June 13, 2023
2) subscription closing date: June 26, 2023
3) date of allotment of Bonds: June 27, 2023 resolution on allocation of Bonds,
4) number of Bonds subscribed: 200,000 units,
5) reduction rate per tranche: the issue was not divided into tranches, reduction rate: 54,24 %,
6) number of Bonds subscribed for: 437,044 units,
7) the number of Bonds that were allocated in the subscription: 200,000 units,
8) the price at which the Bonds were taken up: PLN 100.00,
9) the number of persons who subscribed for the Bonds subscribed for in each tranche: the issue was not divided into tranches, 691 persons subscribed for the Bonds,
10) the number of persons to whom the Bonds were allotted in the conducted subscription in individual tranches: the issue was not divided into tranches, the Bonds were allotted to 686 persons,
11) Name(s) of the underwriters who subscribed for the Bonds in the performance of underwriting agreements: The Company has not entered into underwriting agreements,
13) the total determination of the amount of costs that were included in the costs of issuance of Bonds amounted to: PLN 362,490.50, including costs:
a) preparation and conduct of the offering of the Bonds: PLN 315,990.50,
b) remuneration of underwriters, for each separately: none,
c) preparation of the Bonds issue documentation, including costs of consultancy: PLN 22,500.00,
d) promotion of the Bonds offering: PLN 24,000.00
14) average cost of conducting the subscription of Bonds per unit of security: PLN 1.81,
15) financial liabilities from the issuance of Bonds will be recognized at amortized cost using the effective interest rate method. The incurred costs of preparing and conducting the offering and consulting related to the issuance of the Bonds will be included in the calculation of amortized cost, in accordance with the application of the effective interest rate method, and as a result will be amortized to the income statement over the term of the Bonds.
At the same time, the Issuer indicates that upon completion of the last bond offering conducted under the Third Public Bond Issuance Program, the Issuer will provide information on the total cost of conducting bond offerings under the Third Public Bond Issuance Program in a separate current report.
16) all Bonds were taken up for cash contributions.
The Issuer announced the issuance of the Bonds in Current Report No. 33/2023 dated June 122023, and the allocation of the Bonds in Current Report No. 38/2023 dated June 272023.
Legal basis: article 16 (1) of the Regulation of the Minister of Finance of March 29, 2018 on current and periodic information (…).

RB 40/2023

The Management Board of PragmaGO S.A. (hereinafter: “Issuer”) informs that on July 5, 2023. The National Depository for Securities (Krajowy Depozyt Papierów Wartościowych S.A.) has issued a statement that it has entered into an agreement with the Issuer to register with the depository for securities, i.e. 200,000 series B4 bearer bonds, which have been assigned ISIN code: PLGFPRE00321. The registration will take place within 3 days of the National Securities Depository’s receipt of the decision to admit these bonds to trading on the regulated market.

Legal basis: § 17(1)(1) of the Regulation of the Minister of Finance dated March 29, 2018. On current and periodic information.

RB 39/2023

The Management Board of PragmaGO S.A. (Issuer) announces that on June 27, 2023 it received a notification of a transaction on bonds of the Issuer, sent in accordance with Article 19 (1) of the MAR Regulation, by Ms. Danuta Czapeczko in her capacity as a person performing managerial duties at the Issuer. The content of the notice is attached to this report.

Legal basis: article 19 (3) of Regulation (EU) No. 596/2014 of the European Parliament and of the Council (MAR).

attachments

notice

RB 38/2023

With reference to current report No. 33/2023 dated June 12, 2023 on the issue of series B4 bonds under the Third Public Bond Issuance Program (hereinafter: “Program”), the Board of Directors of PragmaGO S.A. (hereinafter: the “Company”) informs that on June 27, 2023, it adopted a resolution (hereinafter: the “Resolution”) on the allocation of Series B4 bonds issued under the Program (hereinafter: the “Bonds”). A total of 200,000 Bonds were offered in the public offering at an issue price of PLN 100 per Bond. The Management Board of the Company allocated 200,000 Bonds with a total nominal value of PLN 20,000,000.
As a result of proportional reduction, which amounted to 54.24%, the Company allocated 200,000 Bonds in response to the subscriptions of 691 Investors.
At the same time, the Company informs that detailed information summarizing the issuance of Bonds will be provided in a separate current report.
Legal basis – Article 17 (1) of the Regulation of the European Parliament and of the Council (EU) No. 596/2014 (MAR).

RB 37/2023

The Management Board of PragmaGO S.A. “The Issuer” or “the Company” informs that on June 22, 2023, the Ordinary General Meeting of Shareholders, convened pursuant to Article 405 § 1 of the Commercial Companies Code, was held:
1) Approved the Company’s separate financial statements for the period from January 01, 2022 to December 31, 2022 and the Management Report on the Company’s operations published in the interim report dated April 29, 2023,
2) approved the consolidated financial statements of the PragmaGO S.A. Capital Group for the period from January 01, 2022 to December 31, 2022 and the Management Report on the operations of the PragmaGO S.A. Capital Group published in the interim report dated April 29, 2022,
3) allocated the profit earned in 2022 in the amount of PLN 6,015 thousand in full to the reserve capital,
4) Discharged all members of the Company’s Board of Directors for the performance of their duties in 2022,
5) Discharged all members of the Company’s Supervisory Board for the performance of their duties in 2022.
Legal basis: Article 17 (1) MAR – confidential information.

RB 36/2023

In accordance with the Terms of Issuance of bonds of series P, R, S, A1, A2, T and B1, PRAGMAGO S.A. presents a report on the status of the subject of the pledge securing the claims of bondholders of these series. As of May 31, 2023, the nominal value of the receivables included in the set of pledged receivables for each series was.

for series P PLN 12,000,767.
For the R series, PLN 14,422,829.
For the S series, PLN 8,423,210.
for the A1 series, PLN 19,283,545.
For the A2 series, PLN 21,803,866.
For the T series, PLN 19,330,479.
for series U PLN 12,000,698.
for the B1 series PLN 15,335,913.

Total value of the collection: PLN 122,601,305.
There was no deficiency condition
Total receipts to the bank account pledged as collateral for the receivables under the Series P, R, S, A1, A2, T, U and Series B1 Bonds for the last 6 months amounted to PLN 125,132,801.56.
The value of the Loss Ratio as of 31/05/2023 is 0.69%.

Legal basis – Article 17 (1) of Regulation (EU) No. 596/2014 of the European Parliament and of the Council (MAR).

RB 35/2023

The Management Board of PragmaGO S.A. (the “Issuer”), with reference to current report No. 32/2023 dated June 6, 2023, announces that on June 19, 2023, the Issuer purchased 100,000 P-series bonds with an aggregate nominal value of PLN 10,000,000 (the “Bonds”) in execution of an early redemption of the Bonds and adopted a resolution to redeem the Bonds.

Legal basis: § 20 para. 3 of the Regulation of the Minister of Finance of March 29, 2018 on current and periodic information (…).

RB 34/2023

The Management Board of PragmaGO S.A. (the “Company”) announces that it has become aware of the registration by the District Court of Katowice-Wschód in Katowice on June 19, 2023 in the Register of Entrepreneurs of the National Court Register of an amendment to the Company’s Articles of Association adopted pursuant to Resolution No. 3 of the Extraordinary General Meeting of Shareholders of May 24, 2023.
Paragraph 15(1) of the Articles of Association has been amended to read as follows: “The Management Board of the Company shall consist of not less than 1 (one) and not more than 5 (five) members, including the President of the Management Board. Members of the Management Board are appointed and dismissed by the Supervisory Board. The term of office of the Management Board shall be 5 years and shall be a joint term of office.”
The consolidated text of the Company’s Articles of Association, incorporating the above amendment, is attached to this current report.
Legal basis: § 5 pt. 1 of the Regulation of the Minister of Finance dated March 29, 2018 on current and periodic information (…).

Attachments

PragmaGO S.A.- unified text of the Articles of Association

RB 33/2023

The Board of Directors of PragmaGO S.A., based in Katowice, Poland (the “Company” or the “Issuer”) announces that on June 12, 2023, it adopted a resolution on the issuance and determination of the final terms and conditions of issuance of Series B4 bonds (the “Bonds”). The Bonds are issued under the Third Public Bond Issuance Program, for which the Registration Document, the Secured Bond Offering Document and the Unsecured Bond Offering Document were approved by the Financial Supervisory Commission on July 15, 2022.
The Bonds will be offered by way of a public offering on the basis of the Base Prospectus for Unsecured Bonds (the “Prospectus”). As part of the Bond issue, 200,000 (two hundred thousand) Bonds with a par value of PLN 100.00 (one hundred) each will be offered. The total par value of the Bonds shall be PLN 20,000,000.00 (twenty million). The issue price of the Bonds shall be equal to the nominal value.
The interest rate on the Bonds shall be variable, its amount shall be determined at the prime rate plus a fixed margin, subject to an increase in the amount of the margin in the event that the Issuer’s Debt Index is exceeded under the rules described in the Final Terms of the Bonds. Detailed rules for determining the interest rate on the Bonds, including in particular the prime rate, are set forth in the Prospectus and the Final Terms of the Bonds.
The Issuer will redeem the Bonds on September 27, 2025. The Issuer will have the right of early redemption of the Bonds, the rules for the exercise of which will be described in the Final Terms of the Bonds.
The Bonds will not be secured.
The Bonds will be dematerialized and will be subject to the Issuer’s application for their introduction to trading on the Catalyst regulated market operated by the Warsaw Stock Exchange S.A.
The Issuer announced the determination of the Third Public Bond Issuance Program in current report No. 6/2022 dated January 28, 2022.
Legal basis: Article 17 (1) MAR – confidential information.

RB 32/2023

The Management Board of PragmaGO S.A. (the “Issuer”) announces that on June 6, 2023, it adopted a resolution on the early redemption of series P bonds. The decision on early redemption is based on Article 76(1) of the Bond Law and para. 8 of the terms of issue. The early redemption includes all series P bonds, i.e. 100,000 bonds with a total nominal value of PLN 10 million. The bonds will be redeemed for cancellation. The date for determining the entities entitled to receive benefits from the early redemption of the bonds was set for June 14, 2023, and the early redemption date was set for June 19, 2023. Each bondholder entitled under the bonds, in accordance with the terms and conditions of the issue, will be paid the Early Redemption Amount by the Issuer on the redemption date, which consists of the bond principal, premium and interest. All settlements of the series P bonds will be carried out through the National Securities Depository S.A.
Legal basis – Article 17 (1) of Regulation (EU) No. 596/2014 of the European Parliament and of the Council (MAR).

RB 31/2023

The Management Board of the Issuer PragmaGO S.A. informs that on May 22, 2023. The Management Board of the Warsaw Stock Exchange (WSE) adopted Resolution No. 440/2023 to introduce 250,000 series B3 bearer bonds with a nominal value of PLN 100 each, issued by PragmaGO S.A., to trading on the primary market on May 24, 2023. The resolution of the Management Board of the Warsaw Stock Exchange shall come into force on the date of adoption.
Legal basis: § 17 (1) (4) of the Regulation of the Minister of Finance dated March 29, 2018. on current and periodic information (…).

RB 30/2023

In accordance with the Terms of Issuance of bonds of series P, R, S, A1, A2, T and B1, PRAGMAGO S.A. presents a report on the status of the subject of the pledge securing the claims of bondholders of these series. As of April 30, 2023, the nominal value of the receivables included in the set of pledged receivables for each series amounted to.

for the P series, PLN 12,009,176.
For the R series, PLN 14,432,788.
For the S 8 series, PLN 406,590.
for the A1 series, PLN 19,200,201.
for the A2 series, PLN 20,476,242.
For the T series, PLN 19,201,149.
for series U PLN 12,000,044.
For the B1 series, PLN 15,342,459.

Total value of the collection: PLN 121,068,648.
There was no deficiency condition
Total receipts to the bank account pledged as collateral for the receivables under the Series P, R, S, A1, A2, T, U and Series B1 Bonds for the last 6 months amounted to PLN 127,230,923.55.
The value of the Loss Ratio as of 30/04/2023 is 0.91%.

Legal basis – Article 17 (1) of Regulation (EU) No. 596/2014 of the European Parliament and of the Council (MAR).

RB 29/2023

With reference to the deadlines for the submission of periodic reports contained in current report No. 5/2023 dated 31/01/2023, the Board of Directors of PragmaGO S.A. hereby corrects the deadline for the submission of the extended consolidated quarterly report for the first quarter of 2023 to the public in such a way that it sets the deadline as May 29, 2023.

The other dates indicated in current report No. 5/2023 dated 31/01/2023 remain unchanged.

Legal basis: § 80 (2) of the Decree of the Minister of Finance dated March 29, 2018 on current and periodic information (…).

RB 28/2023

The Management Board of PragmaGO S.A. with its seat in Katowice (the “Company” or the “Issuer”) informs that on May 16, 2023. The Management Board of the Warsaw Stock Exchange adopted Resolution No. 420/2023 on the admission of 250,000 series B3 bearer bonds issued by the Company (the “Bonds”) to exchange trading on the primary market – as of the date of registration of the Bonds by the National Depository for Securities S.A.
The Issuer informed about the issue of the Bonds in current report No. 21/2023 dated April 6, 2023, and about the allocation of Bonds in Current Report No. 23/2023 dated April 25, 2023.
Legal basis: § 17 (1) (2) of the Regulation of the Minister of Finance dated March 29, 2018. on current and periodic information.

RB 27/2023

The Management Board of PragmaGO S.A. (hereinafter: “Issuer”) informs that on May 15, 2023. The National Securities Depository (Krajowy Depozyt Papierów Wartościowych S.A.) has issued a statement that it has entered into an agreement with the Issuer for the registration in the securities depository of i.e. 250,000 series B3 bearer bonds, which have been assigned ISIN code: PLGFPRE00313. The registration will take place within 3 days of receipt by the National Securities Depository of the decision to admit these bonds to trading on the regulated market.
Legal basis: § 17(1)(1) of the Regulation of the Minister of Finance dated March 29, 2018. on current and periodic information.

RB 26/2023

The Management Board of PragmaGO S.A., based in Katowice, Poland (the “Company” or the “Issuer”) announces the completion of the subscription for unsecured series B3 bearer bonds issued on the basis of Resolution of the Issuer’s Management Board No. 1/06.04.2023 dated April 6, 2023. under the Third Public Bond Issuance Program, for which the Registration Document, the Secured Bond Offering Document and the Unsecured Bond Offering Document were approved by the Polish Financial Supervision Authority on July 15, 2022 (the “Bonds”):
1) Subscription commencement date: April 11, 2023
2) subscription closing date: April 24, 2023
3) date of allotment of the Bonds: April 25, 2023 resolution on allocation of Bonds,
4) number of Bonds subscribed: 250,000 units,
5) reduction rate per tranche: the issue was not divided into tranches, reduction rate: 48,04 %,
6) number of Bonds subscribed for: 481,185 units,
7) the number of Bonds that were allocated in the subscription: 250,000 units,
8) the price at which the Bonds were taken up: PLN 100.00,
9) the number of persons who subscribed for the Bonds subscribed for in each tranche: the issue was not divided into tranches, 929 persons subscribed for the Bonds,
10) the number of persons to whom the Bonds were allotted in the conducted subscription in individual tranches: the issue was not divided into tranches, the Bonds were allotted to 924 persons,
11) Name(s) of the underwriters who subscribed for the Bonds in the performance of underwriting agreements: The Company has not entered into underwriting agreements,
13) the total determination of the amount of costs that were included in the costs of issuance of Bonds amounted to: PLN 601,705.00, including costs:
a) preparation and conduct of the offering of the Bonds: PLN 532,705.00,
b) remuneration of underwriters, for each separately: none,
c) preparation of the Bonds issue documentation, including costs of consultancy: PLN 30,500.00,
d) promotion of the Bonds offering: PLN 38,500.00
14) average cost of conducting the subscription of Bonds per unit of security: PLN 2.40,
15) financial liabilities from the issuance of Bonds will be recognized at amortized cost using the effective interest rate method. The incurred costs of preparing and conducting the offering and consulting related to the issuance of the Bonds will be included in the calculation of amortized cost in accordance with the application of the effective interest rate method and, as a result, will be amortized into the income statement over the term of the Bonds.
The Issuer simultaneously indicates that after the completion of the last bond offering conducted under the Third Public Issuance Program, the Issuer will provide information on the total cost of conducting bond offerings under the Third Public Issuance Program in a separate current report.
16) all Bonds were subscribed for cash contributions.

The Issuer announced the issuance of the Bonds in Current Report No. 21/2023 dated April 6, 2023, and the allocation of the Bonds in Current Report No. 23/2023 dated April 25, 2023.

Legal basis: article 16 (1) of the Regulation of the Minister of Finance of March 29, 2018 on current and periodic information (…).

RB 25/2023

The Management Board of PragmaGO S.A. (the “Issuer”) presents estimated results in terms of turnover and number of clients served for Q1 2023. The final results will be provided in the body of the interim report scheduled for publication on May 24, 2023.
Turnover (nominal value of financed receivables) in Q1 2023 amounted to PLN 435 million (up 30% y/y), of which PLN 377 million was attributable to factoring (up 23% y/y) and PLN 56 million (up 153% y/y) to online lending (including BNPL B2B and Revenue-Based Financing).
PragmaGO’s services were used by 8,323 customers during the period (up 62% y/y).
In Q1 2023, the embedded finance (system distribution) area generated turnover of PLN 95 million (up 55% year-on-year).

Legal basis – Article 17 (1) of Regulation (EU) No. 596/2014 of the European Parliament and of the Council (MAR).

RB 24/2023

With reference to the deadlines for the submission of periodic reports contained in current report No. 5/2023 dated 31/01/2023 and current report No. 19/2023 dated 24/03/2023, the Board of Directors of PragmaGO S.A. hereby corrects the deadline for the submission of the unconsolidated and consolidated annual report for 2022 to the public in such a way that it sets the deadline as April 28, 2023.

The other dates indicated in current report No. 5/2023 dated 31/01/2023 remain unchanged.

At the same time, the Issuer explains that the change in the deadline is due to the need to refine the technical aspects of reporting in XBRL format.

Legal basis:
§ 80(2) of the Regulation of the Minister of Finance dated March 29, 2018 on current and periodic information provided by issuers of securities and conditions for recognizing as equivalent information required by the laws of a non-member state (Journal of Laws 2018 item 757).

RB 23/2023

With reference to current report No. 21/2023 dated April 6, 2023 on the issue of bonds under the Third Public Bond Issuance Program (hereinafter: “Program”), the Board of Directors of PragmaGO S.A. (hereinafter: the “Company”) informs that on April 25, 2023, it adopted a resolution (hereinafter: the “Resolution”) on the allocation of Series B3 bonds issued under the Program (hereinafter: the “Bonds”). As part of the public offering, a total of 250,000 Bonds were offered at an issue price of PLN 100 per Bond.
The Company’s Board of Directors allocated 250,000 Bonds with a total nominal value of PLN 25,000,000.
As a result of the proportional reduction, which amounted to 48.04%, the Company allocated 250,000 Bonds in response to the subscriptions of 929 Investors.
At the same time, the Company informs that detailed information summarizing the issue of Bonds will be provided in a separate current report.

Legal basis – Article 17 (1) of Regulation (EU) No. 596/2014 of the European Parliament and of the Council (MAR).

RB 22/2023

In accordance with the Terms of Issuance of bonds of series P, R, S, A1, A2, T and B1, PRAGMAGO S.A. presents a report on the status of the subject of the pledge securing the claims of bondholders of these series. As of March 31, 2023, the nominal value of the receivables included in the set of pledged receivables for each series was.

For the P series, PLN 12,008,198.
For the R series, PLN 14,401,993.
for the S 8 series £401,290.
for the A1 series, PLN 19,200,013.
For the A2 series, PLN 20,400,633.
for the T-series PLN 19,351,122.
for the U-series PLN 14,793,228.
for the B1 series PLN 15,338,572.

Total value of the collection: PLN 123,895,050.
There was no deficiency condition
Total receipts to the bank account pledged as collateral for the receivables under Series P, R, S, A1, A2, T, U and Series B1 Bonds for the last 6 months amounted to PLN 125,767,254.72.
The value of the Loss Ratio as of 31/03/2023 is 1.00%.

Legal basis – Article 17 (1) of Regulation (EU) No. 596/2014 of the European Parliament and of the Council (MAR).

RB 21/2023

The Board of Directors of PragmaGO S.A., based in Katowice, Poland (the “Company” or the “Issuer”) announces that on April 6, 2023, it adopted a resolution on the issuance and determination of the final terms and conditions of issuance of Series B3 bonds (the “Bonds”). The Bonds are issued under the Third Public Bond Issuance Program, for which the Registration Document, the Secured Bond Offering Document and the Unsecured Bond Offering Document were approved by the Financial Supervisory Commission on July 15, 2022.
The Bonds will be offered by way of a public offering on the basis of the Base Prospectus for Unsecured Bonds (the “Prospectus”). The issue of Bonds will involve the offering of 250,000 (two hundred and fifty thousand) Bonds with a par value of PLN 100.00 (one hundred) each. The total par value of the Bonds shall be PLN 25,000,000.00 (twenty-five million). The issue price of the Bonds shall be equal to the nominal value.
The interest rate on the Bonds shall be variable, its amount shall be determined at the prime rate plus a fixed margin, subject to an increase in the amount of the margin in the event that the Issuer’s Debt Index is exceeded under the rules described in the Final Terms of the Bonds. Detailed rules for determining the interest rate on the Bonds, including in particular the prime rate, are set forth in the Prospectus and the Final Terms of the Bonds.
The Issuer will redeem the Bonds on April 25, 2025. The Issuer will have the right of early redemption of the Bonds, the rules for the exercise of which will be described in the Final Terms of Issuance of the Bonds.
The Bonds will not be secured.
The Bonds will be dematerialized and will be subject to the Issuer’s application for their introduction to trading on the Catalyst regulated market operated by the Warsaw Stock Exchange.
The Issuer announced the establishment of the Third Public Bond Issuance Program in current report No. 6/2022 dated January 28, 2022.

Legal basis: Article 17 (1) MAR – confidential information.

RB 20/2023

The Management Board of PragmaGO S.A. (“Issuer”, “Company”) announces that on March 31, 2023, it adopted a resolution to establish the Fourth Public Bond Issuance Program (“Fourth PEO”).
The Issuer will be authorized to issue and carry out public offerings of bonds (the “Bonds”) under the Fourth PEO with an aggregate nominal value of no more than PLN 500,000,000 (five hundred million), based on a prospectus approved by the Financial Supervision Commission. The Bonds shall be dematerialized bearer bonds. Individual series of Bonds may have different detailed terms and conditions of issue, including rules regarding the interest rate and its amount, as well as the maturity of the Bonds (which shall not be longer than 5 years from the date of allotment of the Bonds of each series). The Bonds will be admitted and introduced to organized trading on the Catalyst market, on a regulated market or in an alternative trading system. Bonds issued under PEO IV may be secured bonds or unsecured bonds. In the case of Secured Bonds, the details of the security will be specified in the prospectus and the final terms and conditions of issuance of the Secured Bonds. Legal basis: Article 17(1) of Regulation (EU) No. 596/2014 of the European Parliament and of the Council (MAR).

RB 19/2023

With reference to the deadlines for the publication of periodic reports contained in current report No. 5/2023 dated 31/01/2023, the Management Board of PragmaGO S.A. hereby corrects the deadline for the publication of the unconsolidated and consolidated annual report for 2022 in such a way that it sets this deadline for April 27, 2023.
The other deadlines indicated in current report No. 5/2023 dated 31/01/2023 remain unchanged.

Legal basis:
§ 80(2) of the Regulation of the Minister of Finance dated March 29, 2018 on current and periodic information provided by issuers of securities and conditions for recognizing as equivalent information required by the laws of a non-member state (Journal of Laws 2018 item 757).

RB 18/2023

The Management Board of PragmaGO S.A. (the “Company”) informs that on March 23, 2023 a resolution of the Supervisory Board of PragmaGO S.A. was adopted to appoint as Vice President of the Management Board of PragmaGO S.A., effective March 23, 2023. Mr. Tomasz Bogus (Bogus). Accordingly, the current composition of the Company’s Management Board is as follows:

Tomasz Boduszek – President of the Board;
Jacek Obrocki – Vice President of the Board;
Danuta Czapeczko – Vice President of the Board;
Łukasz Ramczewski – Vice President of the Board;

and

Tomasz Bogus – Vice Chairman of the Board.

Mr. Tomasz Bogus is a manager with over thirty years of experience in the banking field. He held managerial positions at Powszechny Bank Gospodarczy and mBank, among others. As CEO, he led Bank Pocztowy and BGŻ BNP Paribas. Since 2018, he has been developing the Xchanger fintech strategy. He also founded the fintech Fandla, which became part of PragmaGO S.A. in 2022. He is a graduate of the Faculty of Law and Administration at the University of Lodz and the Banking Administration Institute in the US. He has completed prestigious training courses, including the Management Program organized by Harvard Business School.

Mr. Tomasz Bogus is not engaged in any activities competitive to the Issuer and is not listed in the Register of Insolvent Debtors maintained pursuant to the National Court Register Act.

Legal basis – Article 17 (1) of Regulation (EU) No. 596/2014 of the European Parliament and of the Council (MAR).

RB 17/2023

In accordance with the Terms of Issuance of bonds of series P, R, S, A1, A2, T and B1, PRAGMAGO S.A. presents a report on the status of the subject of the pledge securing the claims of bondholders of these series. As of February 28, 2023, the nominal value of the claims included in the set of pledged claims for each series amounted to.

for series P, PLN 12,000,792.

For the R series, PLN 15,447,781.

for the S series PLN 8,531,772.

for the A1 series, PLN 19,200,057.

For the A2 series, PLN 20,767,114.

For the T series, PLN 19,201,786.

for series U PLN 12,000,214.

for the B1 series PLN 15,335,146.

Total value of the collection: PLN 122,484,661.

There was no shortage condition

Total receipts to the pledged bank account established to secure receivables from Series P, R, S, A1, A2, T, U and Series B1 Bonds for the last 6 months amounted to PLN 128,239,170.97.

The value of the Loss Ratio as of 28/02/2023 is 1.09%

Legal basis – Article 17 (1) of Regulation (EU) No. 596/2014 of the European Parliament and of the Council (MAR).

RB 16/2023

The Management Board of PragmaGO S.A. with its seat in Katowice (the “Company”, the “Issuer”), with reference to current report No. 15/2023 dated February 23, 2023. regarding the conclusion of agreements on registered pledges established on a set of receivables of the Issuer (the “Set”) securing the claims of bondholders entitled under the Company’s P, R, S, A1, A2, T, U and B1 series bonds, presents a report on the status of the subject of pledges securing the claims of bondholders entitled under the Company’s P, R, S, A1, A2, T, U and B1 series bonds.
This report presents the status of the Collection after the exclusion from the Collection of the Issuer’s existing and future receivables arising from the Issuer’s business loan agreements, designated by the Issuer in the “Navi” system as the “Loan” type, “Business Loan” category (“Segregated Receivables”), and the exclusion of the possibility of entering into the Collection of Segregated Receivables.
As of January 31, 2023, the nominal value of the receivables included in the Collection (after excluding the Separated Receivables) covered by the registered pledge for each series of the Company’s bonds amounted to:

for P series 12,132,311 zł
for R series 14,410,966 zł
for S series 8,513,892 zł
for A1 series 19,255,759 zł
for A2 series 20,400,235 zł
for T series 19,202,294 zł
for U series 15,879,918 zł
for B1 series 15,335,348 zł

Total value of the Collection: PLN 125,130,723.
There was no shortage condition on the Collection.
The total receipts in the bank account pledged to secure the receivables under the Series P, R, S, A1, A2, T, U and B1 Bonds (the “Account”) for the last 6 months (after excluding the Separated Receivables) amounted to PLN 139,188,132 as of January 31, 2023. PLN 139,188,132.
There was no shortfall in the Account.
The value of the Loss Ratio as of January 31, 2023 was 1.06%.

Legal basis – Article 17 (1) of Regulation (EU) No. 596/2014 of the European Parliament and of the Council (MAR).

RB 15/2023

The Management Board of PragmaGO S.A. (“Issuer”, “Company”) announces that on February 23, 2023. The Issuer has entered into an agreement with Chabasiewicz Kowalska i Wspólnicy S.K.A. (the “Collateral Administrator”), acting as the pledge administrator for the registered pledges established on the Issuer’s collection of receivables (the “Collection”), constituting security for the receivables of bondholders entitled under the Issuer’s bonds:
– P series designated with ISIN code PLGFPRE00172 in a total number of 100,000;
– R series designated with ISIN code PLGFPRE00180 in a total number of 120,000;
– S series designated with ISIN code PLGFPRE00206 in a total number of 70,000;
– T series designated with ISIN code PLGFPRE00248 in a total number of 160,000;
– U series, designated with ISIN code PLGFPRE00271, in the total amount of 100,000;
– A1 series, designated with ISIN code PLGFPRE00222, in the total amount of 160,000;
– A2 series, designated with ISIN code PLGFPRE00230, in the total amount of 170.000;
– B1 series marked with ISIN code PLGFPRE00289 in the total number of 127,792;
(collectively referred to as the “Bonds”), agreements to agreements of registered pledges on the Collection concerning changes in the content of the Collection and the rules of entering receivables into the Collection.
The Change of Collection consists in excluding from the Collection the Issuer’s existing and future receivables arising from the Issuer’s business loan agreements, designated by the Issuer in the “Navi” system as “Loan” type, “Business Loan” category _”Segregated Receivables”_ and to exclude the possibility of entering the Segregated Receivables Collection _”Change of Collection”_.
The change in the Collection will not result in a Deficiency Condition on the Collection within the meaning of the terms and conditions of issuance of each series of Bonds, details of the Collection Condition will be provided in Current Report No. 16/2023 dated February 23, 2023.
The possibility to amend the Set is provided for both in the terms and conditions of issuance of each series of Bonds _ Section 10.10 of the terms and conditions of issuance of bonds of series P, R, S, T, U and Section 2.7.1. of the minimum scope of information with respect to collateral contained in the Base Prospectus of the Issuer’s Second Public Bond Issuance Program under which bonds of series A1 and A2 were issued and Section 2.7.1. of the minimum information with respect to collateral contained in the Offering Document for Secured Bonds, which forms part of the Base Prospectus for Secured Bonds of the Issuer’s Third Public Bond Issuance Program, under which Series B1_ bonds were issued, as well as in the individual contracts for registered pledges established on the Pool. The amendment of the Collection will not constitute an amendment to the terms and conditions of the Bonds.
The amendment of the Collection is made for the purpose of securing potential financing that the Issuer is considering obtaining.

Legal Basis – Article 17 (1) of Regulation (EU) No. 596/2014 of the European Parliament and of the Council (MAR).

RB 14/2023

The Management Board of PragmaGO S.A. (the “Company”) informs that on February 23, 2023. The Supervisory Board of PragmaGO S.A. appointed as Vice President of the Management Board of PragmaGO S.A., effective February 23, 2023. Ms. Danuta Czapeczko and Mr. Łukasz Ramczewski. In connection with this appointment, the composition of the Company’s Management Board is as follows:

Tomasz Boduszek – President of the Board;
Jacek Obrocki – Vice President of the Board;
Danuta Czapeczko – Vice President of the Board;
Łukasz Ramczewski – Vice President of the Board;

Ms. Danuta Czapeczko has more than 16 years of experience in marketing and sales management. She has been with PragmaGO S.A. since 2005. She manages a team that markets innovative financial products in the partnership channel. As Vice President of the Management Board of PragmaGO S.A., she will be responsible for the further development of the embedded finance segment for business.

Ms. Danuta Czapeczko is not engaged in any activities competitive to the Issuer’s business and is not listed in the Register of Insolvent Debtors maintained under the KRS Act.

Mr. Lukasz Ramczewski is a manager with more than 12 years of experience in the area of financial markets, factoring and financing of the SME sector. Since 2010, he has been professionally connected with PragmaGO S.A., where for four years he has been managing the sales area and taking an active part in creating financial products and solutions. As Vice President of the Management Board of PragmaGO S.A., he will be responsible for the factoring segment and sales management.

Mr. Lukasz Ramczewski is not engaged in any activity competitive to the Issuer and is not listed in the Register of Insolvent Debtors maintained on the basis of the KRS Act.

Legal basis – Article 17 (1) of Regulation (EU) No. 596/2014 of the European Parliament and of the Council (MAR).

RB 13/2023

The Management Board of PragmaGO S.A. (the “Issuer”) presents estimated results in terms of turnover and number of clients served for Q4 2022 and Q1-Q4 2022. The final results will be provided in the content of the interim report scheduled for publication on April 26, 2023. Turnover (nominal value of financed receivables) in Q4 2022 amounted to PLN 480 million (up 51% y/y), of which PLN 422 million was attributable to factoring (up 40% y/y) and PLN 58 million to online loans (up 247% y/y). PragmaGO’s services were used by 7,536 customers during the period (up 36% y/y), who completed 79,544 transactions (up 111% y/y). In Q4 2022, the embedded finance (system distribution) area generated turnover of PLN 102 million (up 73% y/y).

In Q1-Q4 2022, PragmaGO’s total turnover (nominal value of financed receivables) amounted to PLN 1.63 billion (up 58% y/y), of which factoring generated PLN 1.47 billion (up 48% y/y), and online lending (mainly in the e-commerce area) PLN 146 million (up 312%). In Q1-Q4 2022, 13,340 customers used PragmaGO’s services to complete 223,761 transactions (up 96% y/y). During this period, the embedded finance model generated a turnover of PLN 313 million, an increase of 64%.

Legal basis – Article 17 (1) of Regulation (EU) No. 596/2014 of the European Parliament and of the Council (MAR).

RB 12/2023

Further to current report No. 11/2023 dated February 20, 2023, in accordance with the Terms and Conditions of Issuance of the Series P, R, S, A1, A2, T, U and B1 Bonds, PRAGMAGO S.A. presents a report on the total proceeds to the bank account covered by the registered pledge established to secure the receivables from the Series P, R, S, A1, A2, T, U and Series B1 Bonds.

Total receipts to the pledged bank account established to secure receivables under the Series P, R, S, A1, A2, T, U and Series B1 Bonds for the last 6 months amounted to PLN 154,135,501.

Legal basis – Article 17 (1) of Regulation (EU) No. 596/2014 of the European Parliament and of the Council (MAR).

RB 11/2023

In accordance with the Terms and Conditions of Issuance of bonds of series P, R, S, A1, A2, T, U and B1, PRAGMAGO S.A. presents a report on the status of the pledged receivables securing the claims of bondholders of these series. As of January 31, 2023, the nominal value of the claims included in the set of pledged claims for each series amounted to.

For the P series, PLN 12,007,740.
For the R series, PLN 14,433,758.
for the S series PLN 8,404,055.
For the A1 series, PLN 19,217,236.
for the A2 series, PLN 20,563,135.
for the T series, PLN 19,200,132.
For the U 12 series, PLN 130,454.
for the B1 series PLN 15,335,103.

Total value of the collection: PLN 121,291,613.
There was no deficiency condition
The value of the Loss Ratio as of 31/01/2023 is 1.06%
At the same time, the Issuer informs that it will provide information on the total proceeds to the pledged bank account established to secure receivables from the Series P, R, S, A1, A2, T, U and Series B1 Bonds in a separate current report.

Legal basis – Article 17 (1) of Regulation (EU) No. 596/2014 of the European Parliament and of the Council (MAR).

RB 10/2023

The Management Board of the Issuer PragmaGO S.A. informs that on February 16, 2023. The Management Board of the Warsaw Stock Exchange adopted Resolution No. 133/2023 to introduce 200,000 series B2 bearer bonds with a nominal value of PLN 100 each, issued by PragmaGO S.A., to trading on the main market on February 21, 2023. The resolution of the Management Board of the Warsaw Stock Exchange shall come into force on the date of adoption.

Legal basis: §17.1.4_Regulation of the Minister of Finance dated March 29, 2018. on current and periodic information (…).

RB 9/2023

The Management Board of PragmaGO S.A. “the Company” informs that on February 14, 2023, the District Court of Katowice-East in Katowice registered an increase in the Issuer’s share capital by PLN 445,214.00. The Issuer’s share capital was increased as a result of the issuance of 445,214 series J bearer shares. After the registration of the increase, the Company’s share capital amounts to PLN 6,891,041.00 and is divided into 6,891,041 shares with a nominal value of PLN 1.00 each, including:
1) 703,324 registered shares of series A preferred as to voting so that each share has 2 votes;
2) 1,200,000 series B bearer shares;
3) 662,586 series C bearer shares;
4) 186,257 series D bearer shares;
5) 1,657,459 series E bearer shares;
6) 154,889 series F bearer shares;
7) 35,123 series G bearer shares;
8) 1,334,222 series H bearer shares;
9) 511,967 series I bearer shares;
10) 445,214 series J bearer shares.
The total number of votes from all issued shares of the Issuer is 7,594,365.
The share capital increase was carried out on the basis of Resolution No. 3 of the Extraordinary General Meeting of Shareholders dated December 2, 2022, which the Issuer announced in Current Report No. 47/2022 dated December 2, 2022.
Legal basis: § 5 para. 1 of the Regulation of the Minister of Finance of March 29, 2018 on current and periodic information (….).

RB 8/2023

The Management Board of PragmaGO S.A. with its seat in Katowice (the “Company” or the “Issuer”) informs that on February 13, 2023. The Management Board of the Warsaw Stock Exchange (the “WSE”) adopted Resolution No. 113/2023 on the admission of 200,000 series B2 bearer bonds issued by the Company (the “Bonds”) to exchange trading on the primary market – as of the date of registration of the Bonds by the National Depository for Securities (the “NDS”).

The Issuer announced the issuance of the Bonds in Current Report No. 1/2023 dated January 10, 2023, and the allocation of the Bonds in Current Report No. 4/2023 dated January 27, 2023.

Legal basis: § 17 (1) (2) of the Regulation of the Minister of Finance dated March 29, 2018. On current and periodic information.

RB 7/2023

The Management Board of PragmaGO S.A. (hereinafter: “Issuer”) informs that on February 10, 2023. The National Depository for Securities (Krajowy Depozyt Papierów Wartościowych S.A.) has issued a statement that it has entered into an agreement with the Issuer for the registration with the depository of securities, i.e. 200,000 series B2 bearer bonds, which have been assigned ISIN code: PLGFPRE00297. The registration will take place within 3 days of the National Securities Depository’s receipt of the decision to admit these bonds to trading on the regulated market.

Legal basis: § 17(1)(1) of the Regulation of the Minister of Finance dated March 29, 2018. On current and periodic information.

RB 6/2023

The Management Board of PragmaGO S.A., based in Katowice, Poland (the “Company” or the “Issuer”) announces the completion of the subscription for unsecured series B2 bearer bonds issued on the basis of the Issuer’s Management Board Resolution No. 1/10.01.2023 dated January 10, 2023. under the Third Public Bond Issuance Program, for which the Registration Document, the Secured Bond Offering Document and the Unsecured Bond Offering Document were approved by the Polish Financial Supervision Authority on July 15, 2022 (the “Bonds”):
1. Subscription commencement date: January 11, 2023
2) subscription closing date: January 25, 2023
3) date of allotment of the Bonds: January 27, 2023 resolution on allocation of Bonds,
4) number of Bonds subscribed: 200,000 units,
5) reduction rate per tranche: the issue was not divided into tranches, reduction rate: 65,82%,
6) number of Bonds subscribed for: 585,057 units,
7) the number of Bonds that were allocated in the subscription: 200,000 units,
8) the price at which the Bonds were taken up: PLN 100.00,
9) the number of persons who subscribed for the Bonds subscribed for in each tranche: the issue was not divided into tranches, 1042 persons subscribed for the Bonds,
10) the number of persons to whom the Bonds were allotted in the conducted subscription in individual tranches: the issue was not divided into tranches, the Bonds were allotted to 1020 persons,
11) Name(s) of the underwriters who subscribed for the Bonds in the performance of underwriting agreements: The Company has not entered into underwriting agreements,
13) the total determination of the amount of costs that were included in the costs of issuance of Bonds amounted to: PLN 468,073.50, including costs:
a) preparation and conduct of the offering of the Bonds: PLN 423,573.50,
b) remuneration of underwriters, for each separately: none,
c) preparation of the Bonds issue documentation, including costs of consultancy: PLN 22,500.00,
d) promotion of the Bonds offering: PLN 22,000.00
14) average cost of conducting the subscription of Bonds per unit of security: PLN 2.34,
15) financial liabilities from the issuance of Bonds will be recognized at amortized cost using the effective interest rate method. The incurred costs of preparing and conducting the offering and consulting related to the issuance of the Bonds will be included in the calculation of amortized cost, in accordance with the application of the effective interest rate method, and as a result will be amortized to the income statement over the term of the Bonds.
At the same time, the Issuer indicates that upon completion of the last bond offering conducted under the Third Public Issuance Program, the Issuer will provide information on the total cost of conducting bond offerings under the Third Public Issuance Program in a separate current report.
16) all Bonds were taken up for cash contributions.
The Issuer announced the issuance of the Bonds in Current Report No. 1/2023 dated January 10, 2023, and the allocation of the Bonds in Current Report No. 4/2023 dated January 27, 2023.

Legal basis: article 16 (1) of the Regulation of the Minister of Finance of March 29, 2018 on current and periodic information (…).

RB 5/2023

Pursuant to § 80 section 1 of the Ordinance of the Minister of Finance dated March 29, 2018 on current and periodic information published by issuers of securities and conditions for recognizing as equivalent information required by the laws of a non-member state (hereinafter – the Ordinance), the Management Board of PragmaGO S.A. informs that periodic reports in 2023 will be made public on the following dates:

1. separate and consolidated annual report for 2022. – April 26, 2023.
2. Expanded consolidated quarterly report for Q1 2023. – May 24, 2023
3. Expanded consolidated report for H1 2023. – September 20, 2023
4. Expanded consolidated quarterly report for Q3 2023. – November 22, 2023.

At the same time, the Company’s Board of Directors declares that:

1. in accordance with § 79(2) of the Ordinance, the Issuer will not provide quarterly reports for the fourth quarter of the 2022 fiscal year and quarterly reports for the second quarter of the 2023 fiscal year,
2. in accordance with § 62(1) of the Ordinance, the Issuer will provide consolidated quarterly reports for the first and third quarters of the 2023 fiscal year containing quarterly financial information and will not provide separate individual quarterly reports for these reporting periods,
3. In accordance with Section 62(3) of the Ordinance, the Issuer will not publish a separate semi-annual report, and therefore the consolidated semi-annual report for the first half of fiscal 2023 will include the condensed semi-annual financial statements together with the report of the auditing firm and the condensed financial statements.

RB 4/2023

With reference to current report No. 1/2023 dated January 10, 2023 regarding the issue of bonds under the Third Public Bond Issuance Program (hereinafter: “Program”), the Board of Directors of PragmaGO S.A. (hereinafter: the “Company”) informs that on January 27, 2023, it adopted a resolution (hereinafter: the “Resolution”) on the allocation of Series B2 bonds issued under the Program (hereinafter: the “Bonds”). A total of 200,000 Bonds were offered in the public offering at an issue price of PLN 100 per Bond.
The Board of Directors allocated 200,000 Bonds with a total nominal value of PLN 20,000,000.
As a result of a proportional reduction, which amounted to 65.82%, the Company allocated 200.000 Bonds in response to the subscriptions of 1,042 Investors.
At the same time, the Company informs that detailed information summarizing the issuance of Bonds will be provided in a separate current report.
Legal basis – Article 17 (1) MAR

RB 3/2023

The Management Board of PragmaGO S.A. “Company” informs that on January 20, 2023, the District Court of Katowice-East in Katowice registered an increase in the Issuer’s share capital by the amount of PLN 511,967.00. The Issuer’s share capital was increased through the issuance of 511,967 series I bearer shares. After registration of the increase, the Company’s share capital amounts to PLN 6,445,827.00 and is divided into 6,445,827 shares with a nominal value of PLN 1.00 each, including:

1) 703,324 series A registered shares preferred as to voting so that each share has 2 votes;
2) 1,200,000 series B bearer shares;
3) 662,586 series C bearer shares;
4) 186,257 series D bearer shares;
5) 1,657,459 series E bearer shares;
6) 154,889 series F bearer shares;
7) 35,123 series G bearer shares;
8) 1,334,222 series H bearer shares;
9) 511,967 series I bearer shares.

The total number of votes from all issued shares of the Issuer is 7,149,151.

The share capital increase was carried out on the basis of Resolution No. 3 of the Extraordinary General Meeting of Shareholders dated September 28, 2022, which the Issuer announced in Current Report No. 35/2022 dated September 28, 2022.

Legal basis: § 5 para. 1 of the Regulation of the Minister of Finance of March 29, 2018 on current and periodic information (….)

RB 2/2023

In accordance with the Terms of Issuance of bonds of series P, R, S, A1, A2, T and B1, PRAGMAGO S.A. presents a report on the status of the subject of the pledge securing the claims of bondholders of these series. As of December 31, 2022, the nominal value of the claims included in the set of pledged claims for each series amounted to.

For the P series, PLN 12,444,877.

For the R series, PLN 14,670,017.

for the S series PLN 8,545,046.

for the A1 series, PLN 19,265,740.

For the A2 series, PLN 20,404,898.

for the T series, PLN 19,204,106.

For the U 12 series, PLN 434,699.

For the B1 series, PLN 15,486,399.

Total value of the collection: PLN 122,455,782.

There was no shortage condition

Total receipts to the pledged bank account established to secure receivables under the Series P, R, S, A1, A2, T, U and Series B1 Bonds for the last 6 months amounted to PLN 149,050,137.

The value of the Loss Ratio as of 31/12/2022 is 1.19%

Legal basis – Article 17 (1) of Regulation (EU) No. 596/2014 of the European Parliament and of the Council (MAR).

RB 1/2023

The Board of Directors of PragmaGO S.A., based in Katowice, Poland (the “Company” or the “Issuer”) announces that on January 10, 2023, it adopted a resolution on the issuance and determination of the final terms and conditions of issuance of series B2 bonds (the “Bonds”). The Bonds are issued under the Third Public Bond Issuance Program, for which the Registration Document, the Secured Bond Offering Document and the Unsecured Bond Offering Document were approved by the Polish Financial Supervision Authority on July 15, 2022.
The Bonds will be offered by way of a public offering on the basis of the Base Prospectus for Unsecured Bonds (the “Prospectus”). As part of the Bond issue, 200,000 (two hundred thousand) Bonds with a par value of PLN 100.00 (one hundred) each will be offered. The total par value of the Bonds shall be PLN 20,000,000.00 (twenty million). The issue price of the Bonds shall be equal to the nominal value.
The interest rate on the Bonds shall be variable, its amount shall be determined at the prime rate plus a fixed margin, subject to an increase in the amount of the margin in the event that the Issuer’s Debt Index is exceeded under the rules described in the Final Terms of the Bonds. Detailed rules for determining the interest rate on the Bonds, including in particular the prime rate, are set forth in the Prospectus and the Final Terms of the Bonds.
The Issuer will redeem the Bonds on January 27, 2025. The Issuer will have the right of early redemption of the Bonds, the rules for the exercise of which will be described in the Final Terms of the Bonds.
The Bonds will not be secured.
The Bonds will be dematerialized and will be subject to the Issuer’s application for their introduction to trading on the Catalyst regulated market operated by the Warsaw Stock Exchange S.A.
The Issuer announced the determination of the Third Public Bond Issuance Program in current report No. 6/2022 dated January 28, 2022.
Legal basis: Article 17 (1) MAR – confidential information.