No. 62/2015 | 07-08-2015
PGNiG: Annex to the Short-Term Note Issuance Programme
The Management Board of Polskie Górnictwo Naftowe i Gazownictwo SA (“PGNiG”) announces that on August 7th 2015 Annex 1 (“Annex”) was signed to the Short-Term Note Issuance Programme of May 6th 2014 (the “Programme”) .
Under the Annex, the amount of the Short-Term Note Issuance Programme was increased from PLN 3,000,000,000 (three billion złoty) to PLN 5,000,000,000 (five billion złoty). Under the Programme, PGNiG may issue notes to be acquired by PGNiG Group companies (“Companies”) with the nominal value of up to PLN 1 billion, and may acquire notes issued by the Companies with the nominal value of up to PLN 4 billion.
The Programme is part of the liquidity management optimisation process implemented at the PGNiG Group.