Gremi Inwestycje : 52/2015 Bond issue

52/2015 Bond issue

The Management Board of Gremi Media S.A. announces that on December 20, 2015 the Company issued 5,000 bearer bonds series Y with a nominal value of PLN 1,000 each ('Bonds') and the total nominal value and issue price of PLN 5,000,000.
The total value of the issue does not exceed 10% of the equity of the Issuer. All bonds were acquired and fully paid by the investor. The redemption date of the Bonds is due on January 20, 2017.
The interest rate of the bonds is set at arm's length. The payment of interest due will be made on a quarterly basis. Bond issue was not a public issue. The purpose of the issue of bonds has not been determined.

The security for the bonds are:

1. Guarantees issued by: Gremi Business Communication Sp. z o.o. with its registered office in Warsaw, Mr. Grzegorz Hajdarowicz and KCI joint stock company with its registered office in Cracow to PLN 7,500,000 each;
2. 
   
3. Contractual joint mortgage established by KCI joint stock company with its registered office in Cracow on:
   • the perpetual usufruct of property located in Cracow within the surveying area no. 14, covered by the land register KR1P/00240977/8 maintained by the District Court for Kraków - Podgórze in Cracow, Land Registry Division IV;
   • the perpetual usufruct of property located in Cracow within the surveying area no. 14, covered by the land register KR1P/00240981/9 maintained by the District Court for Kraków - Podgórze in Cracow, Land Registry Division IV;
   • the perpetual usufruct of property located in Cracow within the surveying area no. 14, covered by the land register KR1P/00240978/5 maintained by the District Court for Kraków - Podgórze in Cracow, Land Registry Division IV;
   • the perpetual usufruct of property located in Cracow within the surveying area no. 14, Zab³ocie street, covered by the land register KR1P/00240980/2 maintained by the District Court for Kraków - Podgórze in Cracow, Land Registry Division IV;
   • the perpetual usufruct of property located in Cracow within the surveying area no. 14, covered by the land register KR1P/00240983/3 maintained by the District Court for Kraków - Podgórze in Cracow, Land Registry Division IV;
   • the perpetual usufruct of property located in Cracow within the surveying area no. 14, Romanowicza street, covered by the land register KR1P/00240982/6 maintained by the District Court for Kraków - Podgórze in Cracow, Land Registry Division IV.
     The market value of the properties as an object of right of perpetual usufruct and property was estimated by sampling prepared by a licensed expert to PLN 42,083,000.
   
   
4. Statements of the Issuer and each of the above mentioned guarantors in the form of a notarial deed, on submission to enforcement under art. 777 § 1 pt. 5 of the Code of Civil Procedure to the amount of PLN 7,500,000 each.

The value of liabilities determined on the last day of the quarter preceding by no more than four months release of Bond Purchase Offer, i.e. on September 30, 2015 is: PLN 2,103 thousand, including overdue liabilities of PLN 0.00.
Projected liabilities of the Issuer until full redemption of the Bonds offered for purchase (including the obligations resulting from the Bonds) are as follows: forecasted financial liabilities and provisions for liabilities of the Issuer amounts to PLN 8,000,000, including the value of short-term financial liabilities in the amount of PLN 8,000,000.

Podstawa prawna: Art. 56 ust. 1 pkt 1 Ustawy o ofercie - informacje poufne

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