No. 36/2021  |  24-06-2021

Introduction of PKN ORLEN series A Eurobonds into trading and summary of issue costs

PKN ORLEN S.A. (“Company”) hereby informs that on 24 June 2021 the Management Board of the Warsaw Stock Exchange has adopted a resolution regarding introduction of 5 000 Eurobonds of series A with a nominal value of EUR 100 000 each Eurobond into stock exchange trading on the parallel market starting from 28 June 2021 (“Eurobonds”).

Moreover PKN ORLEN S.A. informs about the costs of the medium term eurobonds programme up to the amount of EUR 5 000 000 000 (“EMTN Programme”), established on 13 May 2021 and costs of 5 000 series A Eurobonds issued within the EMTN Programme.

The costs of the EMTN Programme incurred so far, including series A Eurobonds issue, are estimated at the level of ca. PLN 7 875 th.

The above mentioned amount includes the following:
costs of preparing and conducting of the series A eurobonds offer – PLN 4 268 th,
costs of preparing of the EMTN Programme and prospectus including consulting costs – PLN 3 607 th,
costs of promoting of the series A Eurobonds offer – PLN 0.

The average cost of the offers per one offered Eurobond will be calculated and published after completion of the EMTN Programme.

PKN ORLEN did not incurred the costs of underwriters fees, due to the fact that no underwriting agreement was signed by PKN ORLEN in connection with the offer of the Eurobonds.

The costs of the EMTN Programme and costs of series A issue (excluding costs of promoting of the bonds offers) were included as prepayments and systematically charges the financial result from the day of Series A Eurobonds issue (27 May 2021) to the day of maturity day (27 May 2028). As far as taxes are concerned the transaction costs constitute tax deductible costs and are charged as of the dates of their enter into books.

See also: regulatory announcement no. 15/2021 of 29 April 2021, no. 16/2021 of 29 April 2021, no. 23/2021 of 13 May 2021, no. 25/2021 of 21 May 2021, no. 28/2021 of 27 May 2021, no. 33/2021 of 18 June 2021 and no. 35/2021 of 22 June 2021.