No. 103/2018 | 24-10-2018
The consent to change the bond issue programme agreement from 2006 and commencement of works on issue of new series of bonds
PKN ORLEN S.A. (“Company”) informs that the Supervisory Board of PKN ORLEN S.A., following its meeting on 24 October 2018 gave consent to change the Agreement for a Bond Issue Programme, signed on 27 November 2006 (with subsequent annexes) by the Company as the issuer and the consortium of banks (“Programme Agreement”), including increase of the programme limit to PLN 4 bn and to incur, by the Company, liabilities resulting from the changed Programme Agreement.
The Company plans to start works on conducting the issue of unsecured, bearer bonds, which will be proposed to buy in the manner specified in Art. 33 point 2 of the Law on Bonds dated 15 January 2015 (Journal of Laws, 2018 point 483 with subsequent changes) under the bonds issue programme based on the Programme Agreement.
See also: regulatory announcement no 102/2018 dated 24 October 2018, regulatory announcement no 13/2007 dated 20 February 2007 and regulatory announcement no 75/2006 dated 27 November 2006.