No. 117/2013 | 27-06-2013
PGNiG: PGNiG Notes Placed with the Group Subsidiaries
The Management Board of Polskie Górnictwo Naftowe i Gazownictwo SA (“PGNiG”) reports on the acquisition of PGNiG debt securities by the Group subsidiaries.
On June 27th 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 175,000,000.00 (one hundred seventy five million złoty), including:
a) 350 Notes with the total value of PLN 35,000,000.00 (thirty five million złoty), maturing on July 25th 2013 and yielding 3.12% per annum, which have been acquired by Mazowiecka 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) 500 Notes with the total value of PLN 50,000,000.00 (fifty million złoty), maturing on July 25th 2013 and yielding 3.12% per annum, which have been acquired by Karpacka 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;
c) 100 Notes with the total value of PLN 10,000,000.00 (ten million złoty), maturing on July 11th 2013 and yielding 3.12% per annum, which have been acquired by Mazowiecka 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;
d) 470 Notes with the total value of PLN 47,000,000.00 (forty seven million złoty), maturing on July 15th 2013 and yielding 3.12% per annum, which have been acquired by Dolnośląska 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;
e) 330 Notes with the total value of PLN 33,000,000.00 (thirty three million złoty), maturing on July 24th 2013 and yielding 3.12% per annum, which have been acquired by Dolnośląska 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 June 27th 2013 is PLN 821,800,000.00 (eight hundred twenty one million eight hundred thousand złoty).