Legal basis:
Article 56 par. 5 of the Act on Public Offerings and the Conditions for Introducing Financial Instruments to the Organised Trading System and on Public Companies of 29 July 2005, and Paragraph 5 item 1 pt. 6 of the Regulation of the Minister of Finance on Current and Periodic Information by Issuers of Securities and on the Conditions for Recognising Information as Equivalent to that Required by the Provisions of Law of a State which is not a Member State of 19 February 2009
Content of the Report:
With reference to Current Reports No. 54/2012 of 17 July 2012 and No. 72/2012 of 18 September 2012, the Management Board of Powszechna Kasa Oszczędności Bank Polski Spółka Akcyjna (“PKO Bank Polski”), hereby announces that in connection with receiving, on 18 September 2012, appropriate consent from the Polish Financial Supervision Authority for PKO Bank Polski to effect a call option concerning the early redemption of all subordinated bonds, with a total nominal value of PLN 1,600,700,000, issued by PKO Bank Polski on 30 October 2007 (“Issue 2007”), on 30 October 2012 PKO Bank Polski effected the early redemption of all subordinated bonds with a total nominal value of PLN 1,600,700,000, issued by PKO Bank Polski under Issue 2007.
The terms and conditions of Issue 2007 constitute the legal basis for the redemption of subordinated bonds issued under Issue 2007. The reason for the redemption was PKO Bank Polski’s will to exercise the call option concerning the early redemption of all bonds issued under Issue 2007 five years after their issue date.
The unit price of redempted subordinated bond was PLN 100,000.