Cyfrowy Polsat S.A. (the “Company”) announces that on 17 January 2024, the Company’s Management Board decided to carry out the early redemption (the “Early Redemption”) of all outstanding:
(i) 223,798 Series B bearer bonds with the total nominal value of PLN 223,798,000 issued by the Company on 26 April 2019 with the redemption date specified in the terms and conditions of the issuance of the series B bonds of 24 April 2026, with the ISIN PLCFRPT00047, listed in the Alternative Trading System operated by the Warsaw Stock Exchange (Giełda Papierów Wartościowych w Warszawie S.A., the “WSE”) within the Catalyst market under the abbreviated title CPS0426 (the “Series B Bonds”); and
(ii) 88,053 Series C bearer bonds with the total nominal value of PLN 88,053,000 issued by the Company on 14 February 2020 with the redemption date specified in the terms and conditions of the issuance of the series C bonds of 12 February 2027, with the ISIN PLCFRPT00054, listed in the Alternative Trading System operated by the WSE within the Catalyst market under the abbreviated title CPS0227 (the “Series C Bonds”) (the Series B Bonds and Series C Bonds together the “Bonds”).
The Early Redemption date has been set as 5 February 2024 and the record date (dzień ustalenia prawa do wypłaty świadczeń) is 26 January 2024. The Early Redemption will be at the nominal value of the Bonds, plus accrued interest and against payment of the Early Redemption premium (in the case of the Series C Bonds), set out in the terms and conditions of the issuance of the Series B Bonds and the terms and conditions of the issuance of the Series C Bonds respectively.
The Early Redemption will be effected through the National Depository for Securities (Krajowy Depozyt Papierów Wartościowych S.A.) and entities maintaining bondholders' securities accounts.
In connection with the Early Redemption, the Company will apply for the suspension of trading in the Bonds in the Alternative Trading System operated by the WSE on the Catalyst market, starting from 24 January 2024.
On 17 January 2024, the Company’s Supervisory Board adopted a resolution, inter alia, approving the Early Redemption, including the Company's financial commitment in connection with the Early Redemption.
Legal basis: Article 17 Section 1 of the Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC.
Current report no. 2/2024 702.95 KB
