Body of the report:
The Management Board of Jastrzębska Spółka Węglowa S.A. (“JSW”, “Company”) hereby reports that on 4 September 2017, JSW carried out an early redemption of bonds issued under the bond issue program established by the issue program agreement of 30 July 2014, as amended (“Issue Program”). The total value of the bonds redeemed on that date by JSW is PLN 127,230,000 and USD 22,740,000.
As a result of the redemption mentioned above, the total nominal value of outstanding bonds issued by JSW under the Issue Program is currently PLN 565,480,000 and USD 101,140,000.
In connection with the early redemption, the bondholders gave their consent for the release of some of the collateral related to the bond issue, including:
- all registered pledges and mortgages established on assets constituting parts of the organized part of a business of the Company, making up the Borynia-Zofiówka-Jastrzębie Coal Mine, the Jastrzębie Section, together with assignments of insurance policies for those assets;
- mortgages established on the following properties: JSW’s registered offices in Jastrzębie-Zdrój and the Różany Gaj hotel in Gdynia together with assignments of insurance policies for those assets.
Legal basis: Article 17 Section 1 of Regulation (EU) No. 596/2014 of the European Parliament and of the Council of 16 April 2014 on Market Abuse 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.