PGNiG : Current Report No. 97/2017

Current Report No. 97/2017

2017.12.12 11:50 Current Report No. 97/2017

Warsaw, December 12th 2017
PGNiG Notes Placed with the Group Subsidiaries
Current Report No. 97/2017
The Management Board of Polskie Górnictwo Naftowe i Gazownictwo SA ('PGNiG') reports on the acquisition of PGNiG debt securities by the Group subsidiaries.
On December 12th 2017, PGNiG issued notes (the 'Notes') under the Short-Term Note Issue Programme dated May 6th 2014 (the 'Programme'). The aggregate par value of the Notes is PLN 150,000,000.00 (one hundred fifty million złoty), including:
- 500 Notes with the total value of PLN 50,000,000.00 (fifty million złoty), maturing on December 27th 2017 and yielding 1.7629% per annum, which have been acquired by Polska Spółka Gazownictwa Sp.z o.o. in which PGNiG holds a 100% stake and has the right to 100% of the total vote at the General Meeting;
- 1000 Notes with the total value of PLN 100,000,000.00 (one hundred million złoty), maturing on January 11th 2017 and yielding 1.8071% per annum, which have been acquired by Polska Spółka Gazownictwa Sp.z o.o. in which PGNiG holds a 100% stake and has the right to 100% of the total vote at the General Meeting.
The par value of one Note is PLN 100,000.00 (one hundred thousand złoty).
All the Notes are denominated in the Polish złoty and have been offered in a private placement exclusively in the territory of Poland.
The Notes are unsecured discount bearer notes in book-entry form, and will be redeemed at par value.
PGNiG has no plans to introduce the Notes to public trading. The Programme is a tool designed to effectively manage short-term liquidity within the PGNiG Group.
Following the Note issue discussed above, the total par value of notes issued under the Programme and outstanding as at December 12th, 2017 is PLN 150,000,000.00 (one hundred fifty million złoty).