POLSKI KONCERN NAFTOWY ORLEN SA (67/2018) Summary of the PKN ORLEN SAA bond offering D series

PKN ORLEN SA ("Company") informs about the results of the series D bonds offer ("Bonds"), issued as part of the public bond issue program, covered by the prospectus approved by the Polish Financial Supervision Authority on July 20, 2017.
Subscriptions for the 2,000,000 Bonds offered were conducted from May 21, 2018 to June 4, 2018. The offer was not divided into tranches. The allotment of the Bonds was made on June 6, 2018. During the subscription period, 795 investors subscribed for 2 066 180 Bonds. The company has allocated 2,000,000 Bonds to 795 investors. In accordance with the provisions of the prospectus, the Company reduced the subscriptions submitted on 4 June 2018. The average reduction rate was 28.08%.
The bonds were subscribed for an issue price ranging from PLN 100.00 to PLN 100.11 depending on the date of subscription.
The Company did not conclude underwriting agreements in connection with the Bond offer.
The value of the issue, understood as the product of the number of the Bonds covered by the offer and the issue price, amounted to PLN 200 032 048,15.
Due to the lack of final settlement of the issue costs by the date of this report, the Company will prepare and make available to the public a current report with costs of issue, including costs according to their titles, upon receipt and acceptance of all invoices from entities involved in the work on preparing and conducting the offer, however, not later than on the date required for submitting this information by means of a current report.
The Company's costs related to the offering of Bonds are charged to the Company's operating expenses.
See also current report No. 55/2018 of May 16, 2018, current report No. 54/2018 of May 15, 2018.

Source: company website, investor relations, current and periodic reports.

Company information
Company name:Polski Koncern Naftowy Orlen SA
Adress: ul. Chemików 7 09-411 Płock
Phone:+48 24 3650000

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