The board of directors of Play Communications S.A. (the “Company”) announces that the Company or P4 sp. z o.o., a wholly owned subsidiary of the Company intends to establish a Bond Issue Program (the “Program”), as part of which the issuer will be able to carry out a number of bond issues up to the maximum total nominal value of bonds issued under the Program and outstanding at any time of PLN 2,000,000,000 (two billion zloty).
Dematerialized bearer bonds, denominated in zloty, with maturity from one to seven years (inclusive) will be issued in accordance with Article 33(1) of the Bonds Act, based on exception from the requirement to draw up a prospectus and have it approved and will be offered to qualified investors only. The Bonds will be introduced to trading and listed in the Catalyst alternative trading system operated by the Warsaw Stock Exchange S.A. and/or BondSpot S.A.
In connection with the intention to establish the Program, Santander Bank Polska S.A. and Powszechna Kasa Oszczędności Bank Polski S.A. were appointed as Joint Bookrunners and Co-Arrangers of the Program.
The final decision concerning establishment of the Program, its terms and conditions and the issue of Bonds under the Program will be approved by appropriate corporate resolutions, and will depend on market conditions.
Legal basis: Article 17(1) of MAR