Calling an Extraordinary General Meeting of Shareholders of CCC S.A. on September 06, 2021
(Current report no 52/2021)
Article 56(1)(2) of the Act on Offer - current and periodic information
Acting on the basis of Article 399 § 1 of the Code of Commercial Companies, the Board of CCC S.A. will convene an Extraordinary General Meeting of Shareholders (hereinafter referred to as: "EGM") on September 6, 2021, which will take place at 12:00, at the registered office of CCC S.A. in Polkowice, at 6 Strefowa Street, 59-101 Polkowice.
The EGM will be convened in connection with a potential issue of subscription warrants and Series L shares which will be issued under a conditional increase of the share capital. The issue of warrants and shares is to take place in order to grant rights to subscribe for shares to holders of bonds denominated in Euro, exchangeable for shares of CCC S.A., with a total nominal value of no more than the equivalent of PLN 360 million (approximately € 80 million), offered to the qualified investors in the international capital markets ("EUR Bonds").
EUR Bonds may be issued under English law and will subsequently be listed on the multilateral trading facility operated by the Frankfurt Stock Exchange (Börse Frankfurt). If a decision to issue EUR Bonds is made, the detailed terms of the issue will be determined by the Management Board based on prevailing market conditions.
Raising funds in the form of the EUR Bonds is one of the alternatives to the considered sources of financing for the transaction of acquisition of the remaining 10% stake in eObuwie.pl S.A. from MKK3 sp. z o.o. ("Transaction"). The decision to consider the issue of the EUR Bonds was made by the Management Board based on feedback from international capital markets, indicating the interest of foreign investors in such an issuance, and due to possibility of obtaining of potentially attractive terms of financing by the Company.
The Management Board of the Company intends to select the most convenient source of financing prior to the implementation of the Transaction. The Management Board does not intend to issue EUR Bonds (exchangeable for L series shares) and bonds which issuance has been already approved by the Company’s Extraordinary General Meeting of Shareholders in the Resolution No. 4/NWZA/2021 of 3.08.2021 (i.e. bonds convertible into K series shares) at the same time. The Management Board aims to use only one of the instruments described above (K or L share series).
1/ Karol Półtorak - Vice-President of the Management Board
2/ Hanna Kamińska - Proxy