Settlement of bond issue
2009-07-23
The Management Board of LPP hereby notifies that the non-public offering of series A Bonds convertible to series K bearer Shares was closed and settled on 23 July 2009. 80 846 Bonds at the total of PLN 129 353 600.00 were taken up as a result of the offering. The conversion price was PLN 1 600.00 The bonds bear interest in the amount of WIBOR 6M rate increased by 2.00% margin. Interest in the first interest period starting on 23 July 2009 is 6.38% per annum.
The amount of liabilities arising from the issue of Bonds exceeds 10% of LPP SA equity capital.
