The Management Board of Inter Cars S.A. of Warsaw (the “Company”) announces that on October 3rd 2014 the Company executed an agreement (“Programme Agreement”) with mBank S.A. as the dealer, paying agent, depositary, calculation agent and technical agent, and with Bank Handlowy S.A. of Warsaw as the dealer, paying sub-agent and sub-depositary, concerning the Company's programme to issue notes with a value of up to PLN 500,000,000 (“Notes”) and management by mBank S.A. of the issue of notes between members of the Company's Group (intragroup notes).
The Programme Agreement enables the Company to issue Notes and offer them to selected investors through private placement (without the requirement to prepare a prospectus) in line with Art. 9.3 of the Polish Act on Bonds of June 29th 1995 (as amended).
The Notes to be issued under the Programme Agreement will be unsecured notes, conferring the right to cash payments only. The Notes may be introduced to the alternative trading system operated by the Warsaw Stock Exchange or BondSpot S.A.
The resolution of the Company's Management Board on establishment of the Note Programme and issue of Notes by the Company, dated October 3rd 2014, authorises the Company to issue Notes with nominal value of up to PLN 150,000,000.
The specific terms and conditions of each series of Notes, including their nominal value, issue price, number of Notes, issue threshold, maturity date and interest rates will be set forth for each series in issue documents. Following completion of the issue, the Company will incur standard costs related to such financing, including the dealer fee.
The Programme Agreement has been concluded for an indefinite term.
Art. 56.1.1 of the Public Offering Act – inside information
- Krzysztof Soszyński - Vice-President of the Management Board
- Piotr Zamora - Commercial proxy