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.