PKN ORLEN S.A. (“Company”) discloses the following inside information, publication of which was delayed on 20 April 2021:
“PKN ORLEN S.A. (“Company”) hereby informs that on 20 April 2021 the Company’s Management Board, subject to the approval of the Company’s Supervisory Board, gave its consent to establish the medium term eurobonds programme (“Programme”). Based on the Programme the Company will be able from time to time to issue Eurobonds, in many tranches and currencies, with various interest structures and due dates. Within the Programme the total nominal value of the issued and outstanding Eurobonds, in no time, will not exceed the amount of EUR 5 000 000 000 or the equivalent of that amount in other currencies.
Considering the above, subject to the approval of the Company’s Supervisory Board, the Management Board granted its consent for the Company to take any actions required for the establishment of the Programme and issuance of the Eurobonds.”