Current Report No. 184/2013
2013.11.26 14:06
Warsaw, November 26th 2013
PGNiG Notes Placed with the Group Subsidiaries
Current Report No. 184 /2013
The Management Board of Polskie Górnictwo Naftowe i Gazownictwo SA (“PGNiG”) reports on the acquisition of PGNiG debt securities by the Group subsidiaries.
On November 26th 2013, 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 68,000,000.00 (sixty eight million złoty), including:• 100 Notes with the total value of PLN 10,000,000.00 (ten million złoty), maturing on December 10th 2013 and yielding 2.73% per annum, which have been acquired by Polska Spółka Gazowictwa Sp. z o.o. Branch in Warsaw, in which PGNiG holds a 100% stake and has the right to 100% of the total vote at the General Meeting;
• 500 Notes with the total value of PLN 50,000,000.00 (fifty million złoty), maturing on December 24th 2013 and yielding 2.75% per annum, which have been acquired by Polska Spółka Gazowictwa Sp. z o.o. Branch in Warsaw, in which PGNiG holds a 100% stake and has the right to 100% of the total vote at the General Meeting;
• 80 Notes with the total value of PLN 8,000,000.00 (eight million złoty), maturing on December 10th 2013 and yielding 2.73% per annum, which have been acquired by Polska Spółka Gazowictwa Sp. z o.o. Branch in Zabrze, 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 26th 2013 is PLN 598,500,000.00 (five hundred ninety eight million five hundred thousand złoty).
