Current Report No. 156/2012
2012.11.05 14:41
Warsaw, November 5th 2012PGNiG Notes Placed with the Group SubsidiariesCurrent Report No. 156/2012The Management Board of Polskie Górnictwo Naftowe i Gazownictwo SA (“PGNiG”) reports on the acquisition of PGNiG debt securities by the Group subsidiaries.
On November 5th 2012, PGNiG issued notes (the “Notes”) under the Short-Term Note Issue Programme dated December 1st 2010 (the “Programme”). The aggregate par value of the Notes is PLN 98,000,000.00 (ninety eight million złoty), including:
a) 900 Notes with the total value of PLN 90,000,000.00 (ninety million złoty), maturing on December 17th 2012 and yielding 5.07% per annum, which have been acquired by Wielkopolska Spółka Gazownictwa Sp. z o.o., in which PGNiG holds a 100% stake and has the right to 100% of the total vote at the General Meeting;
b) 80 Notes with the total value of PLN 8,000,000.00 (eight million złoty), maturing on December 10th 2012 and yielding 5.08% per annum, which have been acquired by Pomorska Spółka Gazownictwa Sp. z o.o., in which PGNiG holds a 100% stake and has the right to 100% of the total vote at the General Meeting.
The par value of one Note is PLN 100,000.00 (one hundred thousand złoty).
All the Notes are denominated in the Polish złoty and have been offered in a private placement exclusively in the territory of Poland.
The Notes are unsecured discount bearer notes in book-entry form, and will be redeemed at par value.
PGNiG has no plans to introduce the Notes to public trading.
The Programme is a tool designed to effectively manage short-term liquidity within the PGNiG Group.
Following the Note issue discussed above, the total par value of notes issued under the Programme and outstanding as at November 5th 2012 is PLN 278,000,000.00 (two hundred and seventy eight million złoty).
