Decision to early redeem all Series 1/2018 Bonds pursuant to Section 13.1 of Terms and Conditions of the Bonds
(Current Report No. 36/2024)
20.11.2024 (Issuer)
Legal basis:
17(1) of MAR – Inside information
CCC S.A. of Polkowice (the “Company”) announces that on 20 November 2024 the Company’s Management Board passed a resolution to exercise the call option over all Series 1/2018 Bonds (ISIN code: PLCCC0000081) (the “Bonds”), i.e. to early redeem 168,786 Bonds with a nominal value of PLN 1,000.00 per Bond and a total nominal value of PLN 168,786,000.00, pursuant to Section 13.1 (Voluntary early redemption of the Bonds at the Issuer’s option) of the Terms and Conditions of the Bonds recorded in the Bond Register with the possibility of transfer to the CSDP depository, prepared in Polkowice on 21 June 2018 (the “Terms and Conditions of the Bonds”).
The early redemption date was set in accordance with Section 13.1 of the Terms and Conditions of the Bonds for the Interest Payment Date falling on 29 December 2024, although – pursuant to Section 10(d) (ii) of the Terms and Conditions of the Bonds – payments to Bondholders will be made on 30 December 2024, i.e. on the business day immediately following the Interest Payment Date.
The record date for determining the holders of Bonds eligible for early redemption is the date falling six business days prior to the early redemption date.
The early redemption will be effected through payment to the Bondholders of the nominal value of the Bonds increased by:
a) total interest accrued on the Bonds until the Interest Payment Date on which the early redemption takes place (excluding that date);
b) a premium of PLN 5.00 per Bond being redeemed, in accordance with Section 13.1 of the Terms and Conditions of the Bonds.
Payments on account of the early redemption of the Bonds will be made through the Central Securities Depository of Poland (the “CSDP”) and the relevant account operator pursuant to and in accordance with the applicable regulations of the CSDP and the rules and regulations of the relevant account operator. The early redemption of the Bonds will be carried out in accordance with the applicable laws, with due regard to the regulations in place at the CSDP.
In connection with the intention to early redeem the Bonds, the Company’s Management Board will apply to the Warsaw Stock Exchange and to Bondspot S.A. for suspension of trading in the Bonds in the Catalyst alternative trading system.