HUBSTYLE SA (37/2017) Adoption of a resolution regarding the issue of ordinary C series bonds.

HubStyle SA Management Board ("Company", "Issuer"), informs that on 4 October 2017 it adopted a resolution ("Resolution") on the issue of C series bonds ("Bonds"). According to the resolution adopted, the Management Board The Issuer has decided to issue not less than 100 (one hundred) and no more than 400 (four hundred) ordinary C series bonds, with a par value of PLN 1,000 (one thousand zlotys), one bond ("Bonds"). The Bonds will be issued in the mode specified in art. 33 point 2 of the Act of 15 January 2015 on Bonds (Journal of Laws of 2015, item 238), i.e. by way of directing the proposal for the purchase of Bonds to no more than 149 names of investors (private subscription). The allocation of the Bonds, in accordance with the wording of the Resolution, will take place on October 11, 2017. In accordance with the Terms of Bonds ("WEO") attached to the Resolution, the purpose of the Bond issue has not been specified by the Issuer. According to the WEO, the issue price of one Bond is equal to its nominal value and amounts to PLN 1,000 (one thousand zlotys). The Bond issue threshold has been set at 100 (one hundred) Bond units. The bonds will be issued as unsecured bonds, whereby the Issuer, based on WEO, secures the following claims of the bondholders towards the Issuer: a) the bondholders 'claim regarding the payment of the redemption amount; b) the bondholders' liability for the payment of the bonus (interest) . The security shall be established in the form of a notarial deed by submitting to the Issuer of enforcement, pursuant to art. 777 § 1 point 5) KPC, under the following conditions: i) the collateral will be established in relation to the claims specified in point a) and b) above; ii) the security will be established up to the amount of 120% of the nominal value of the allotted Bonds; iii) the event on which the collateral will be realized will be the Issuer's failure to perform the obligation to pay the bondholder the buyout amount specified in the WEO. Until November 6, 2017, the Issuer will submit itself to enforcement in line with the previous opinion. The Bonds will earn interest at a fixed interest rate of 8.00% (eight percent) per annum based on the face value of the Bonds, from the date of the allotment of the Bonds (excluding that date) until the date of redemption of the Bonds (including that date). Interest on the Bonds will be paid byIssuer on dates specified in the WEO. The redemption date of the Bonds was determined as at 11 October 2018. The redemption amount of the Bonds will be equal to the nominal value of the Bonds plus the interest on the Bonds due for the last interest period specified in the WEO. Earlier redemption of the Bonds will be possible only on the basis of an agreement concluded by the bondholder with the Issuer.

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Company information
Company name:HubStyle SA
Adress: ul. Sportowa 8 81-300 Gdynia
Phone:+48 58 5858900

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