The Management Board of Inter Cars S.A. of Warsaw (“Company”) announces that in connection with a bond issue implemented pursuant to Art. 9.3 of the Act on Bonds (“Act on Bonds”), carried out by the Company as part of the bond issue programme established under the programme agreement announced by the Company in Current Report No. 23/2014 of October 3rd 2014, on October 22nd 2014 invitations to purchase Company bonds with a total value of PLN 150,000,000 (“Bonds”) were sent to selected institutional investors who had previously submitted binding declarations of interest in purchasing the bonds. The invitations contained, among other things, the Company's financial information required under the Act on Bonds, which has not yet been disclosed to the public. The Company is planning to issue the Bonds on October 24th 2014, after they have been paid for by investors and after appropriate entries have been made in the records kept by mBank S.A. and Bank Handlowy w Warszawie S.A.
In accordance with the principle of providing all shareholders and investors with equal access to the Company's financial information, presented below is selected financial estimates and forecasts concerning the Company's liabilities, which have been included in the invitations to purchase the Bonds..
Estimated value of the Company's liabilities at September 30th 2014
According to the Management Board's estimates, as at September 30th 2014 the Company's liabilities on a stand-alone basis amounted to approximately PLN 925,614 thousand (unaudited data).
Forecast of the Company's liabilities until full redemption of the Bonds
In the Management Board's opinion, the forecast of the Company's liabilities until full redemption of the Bonds indicates that the Company will be able to make timely payments under the Bonds and continue as a going concern with respect to its core business.
Art. 56.1.1 of the Public Offering Act – inside information
- Krzysztof Soszyński - Vice-President of the Management Board
- Piotr Zamora - Commercial proxy