Current report no. 9/2021
Date of issue: 2021-02-18
Abbreviated name of the Issuer: DEKPOL S.A.
Subject: Conditional allocation of series K bonds
Legal basis: Article 17 Section 1 MAR - confidential information.
Content of report:
Management Board of DEKPOL S.A. ("Company", "Issuer") informs that on 18th of February 2021 it adopted a resolution on making an initial allocation of 21.500 series K bearer bonds not in the form of a document, with a nominal value of PLN 1.000 each bond and a total nominal value of PLN 21.5 million, issued on the basis of the Resolution of the Management Board of the Company of 28th of January 2021 ("Bonds"), about which the Issuer informed in the current report No. 4/2021 of 28th of January 2021. The bonds were allocated under the condition precedent to the final settlement of the purchase transaction Bonds issued by the National Depository for Securities
(Krajowy Depozyt Papierów Wartościowych S.A.).
The bonds are issued at an issue price equal to their nominal value. The interest on the Bonds is based on the WIBOR 6M base rate increased by a margin. Interest on the Bonds is payable in 6-month periods. The bonds are not secured.
The redemption of the Bonds will take place on 23rd of August 2024. The Bondholder may request early redemption of the Bonds held by him in standard cases specified in the Terms and Conditions of the Bonds Issue, including inter alia in the event that the Company's Capital Group exceeds certain debt ratios, as well as in the event that, before the date of fulfillment of all obligations under the Bonds, the Issuer makes payments for participation in the Issuer's company to any of the shareholders (including payment of dividends) with a value exceeding in a given year 30% of the net profit of the Issuer's Group disclosed in the last annual consolidated financial statement. The Issuer is entitled to early redemption of a specified number of Bonds on each of the interest payment days, on the terms specified in the Bond Issue Terms.
The Company and Dekpol Deweloper sp.z o.o. during the last four months issued bonds with a total nominal value of PLN 92,5 million, which, in accordance with the terms of the issue, are used to repay the debt due to series G and H bonds (the original value of debt due to the issue of series G and H bonds was PLN 91,88 million) and to finance current operations.
The bonds were issued pursuant to Article 33 point 1 of the Act of 15th of January 2015 on bonds. The Issuer will apply for the introduction of the Bonds to the alternative trading system Catalyst.