PKN ORLEN S.A. ("PKN ORLEN") hereby informs about the results of series D bonds offer (“Bonds”), issued within the public bond issue programme (“Programme”), included in the prospectus approved by the Polish Financial Supervision Authority on 20 July 2017.
The subscriptions of 2 000 000 offered Bonds were conducted from 21 May 2018 to 4 June 2018. The offer was not divided into tranches. The allocation of the Bonds was made on 6 June 2018.
During the subscription period 795 Investors made subscriptions on 2 066 180 Bonds. PKN ORLEN allocated 2 000 000 Bonds to 795 Investors. In accordance with the provisions of the prospectus PKN ORLEN reduced subscriptions made on 4 June 2018. The average reduction rate amounted to 28,08%.
The Bonds were acquired at issue price amounted from PLN 100,00 to PLN 100,11 depending on the day of subscription.
No underwriting agreement was signed by PKN ORLEN in connection with the offer of the Bonds.
The value of the issue, defined as the number of Bonds which were offered multiplied by the issue price, amounted to PLN 200 032 048,15.
Due to the lack of final settlement of the issue costs to the day of this report, PKN ORLEN will prepare and publish regulatory announcement with issue costs, including the costs by type, after receiving and acceptance of all invoices from entities involved in preparing and conducting the offer, no later than in the time required to publish the regulatory announcement with this information.
PKN ORLEN costs related to the Bonds offer will be charged to PKN ORLEN operating costs.
See also: regulatory announcement no 55/2018 dated 16 May 2018 and regulatory announcement no 54/2018 dated 15 May 2018.