The Board of Directors of Play Communications (the “Company”) informs that on 14 November 2019 P4 sp. z o.o., a wholly owned subsidiary of the Company (“P4”), concluded the agreement for the establishment of the Bond Issue Program with Santander Bank Polska S.A. and Powszechna Kasa Oszczędności Bank Polski S.A. (the “Program Agreement”) under which P4 will be entitled to conduct multiple issues of bonds up to the maximum total nominal amount of PLN 2,000,000,000 (two billion zloty) of bond issued and outstanding under the Program Agreement at a given time.
P4 intends to execute the first issue of bonds within the next three months from the establishment of the Program. The offering shall be addressed only to the qualified investors and shall be made in the form of a public offering excepted from the requirement to draw up a prospectus and have it approved referred to in Article 1 sec. 4 item (a) of the Prospectus Regulation 2017/1129. The final decision regarding the detailed terms and conditions of the first bond issue will be authorized by appropriate corporate approvals and will depend on market conditions.
Legal basis: Article 17 (1) MAR.