PRIME CAR MANAGEMENT SA (29/2017) Resolution of the Management Board regarding the issue of the first series of the Company's bonds under the Issue Program and the approval of the Terms of Issue of the first series of the Company's bonds

The Management Board of "Prime Car Management" S.A. with its registered office in Gdańsk (the "Company" or "Issuer") informs that after completion of the bookbuilding on December 18, 2017, it decided to issue coupon bonds under the Bond Issue Program, the opening of which the Issuer informed in the current report no. 28/2017 of November 24 2017. In connection with the above, the Issuer's Management Board adopted on 18 December 2017 a resolution regarding the issue of up to 2,500 (in words: two and a half thousand) bearer series 1/2017 bearer bonds, which do not have the form of a document with a nominal value of PLN 100,000.00 (in words: one hundred thousand zlotys) each and a total nominal value not exceeding PLN 250,000,000.00 (in words: two hundred and fifty million zlotys) ("Series 1/2017 Bonds") and approval of the Issue Conditions Series 1/2017 bonds. Series 1/2017 bonds will be issued in accordance with Polish law and all legal relationships arising therefrom will be subject to Polish law. Issue price of the 1/2017 Series Bond will be equal to its nominal value. Series 1/2017 bonds will be secured and will only be entitled to cash benefits. The collateral for Series 1/2017 Bonds will be, among others, registered pledge on a set of movables and rights belonging to the Issuer, registered pledge on the Issuer's bank account as well as sureties granted by companies from the Issuer's Capital Group. Series 1/2017 Bonds will not take the form of a document in accordance with art. 8 of the Act of 15 January 2015 on bonds ("Act on Bonds"), and the rights from Series 1/2017 Bonds may be transferred in accordance with Art. 8 sec. 6 of the Act on Bonds. The issue of Series 1/2017 Bonds will take place pursuant to art. 33 point 2 of the Act on Bonds. The Series 1/2017 bonds are not or will not be the subject of the Company's public offering. The planned issue date of the Series 1/2017 Bonds will fall on 21 December 2017, and the redemption of Series 1/2017 Bonds was scheduled for December 21st 2020. Series 1/2017 bonds will bear interest and interest will be paid on a quarterly basis. The interest rate will be variable, determined based on the WIBOR 3M rate, plus a margin of 1.7%. Until 30 April 2018. 1/2017 bonds will be registered in the securities depository kept by the National Deposit of Securities SA. ("KDPW") according tofrom art. 5a paragraph 1 of the Act of July 29, 2005 on Trading in Financial Instruments and introduced to trading in the alternative trading system on the Catalyst market ("ASO Catalyst") maintained by the Warsaw Stock Exchange SA. or BondSpot SA, in accordance with the regulations of ASO Catalyst, which the Company will inform in separate current reports. The prospects for the Issuer's liabilities to be settled until the redemption of the issued Series 1/2017 Bonds should be assessed on the basis of statements and information submitted in and on the terms set out in the MAR Regulation and the Act of July 29, 2005 on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organized Trading, and Public Companies.

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

Company information
Company name:Prime Car Management SA
Adress: ul. Polanki 4 80-308 Gdańsk
Phone:+48 58 3404400

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