RB: 14/2022
Date: 4 April 2022
Early redemption of series B bonds
Legal basis: Art. 17 item 1 of MAR – inside information

Text of the report:

The Management Board of Benefit Systems S.A. ("Company", “Issuer”) hereby announces that on 4 April 2022 it adopted Resolution No. 2022/04/04/1 on the early redemption of series B bonds assigned ISIN code: PLBNFTS00075 ("Bonds") ("Resolution"), pursuant to which on 4 April 2022 the Company notified of the early redemption of series B Bonds. Thus, the Issuer decided to implement the early redemption of the Bonds. The early redemption will apply to all 50,000 (fifty thousand) Bonds with the total nominal value of PLN 50,000,000 (in words: fifty million zloty). The early redemption of the Bonds shall be effected on 14 April 2022.
The entities entitled to receive benefits due to early redemption of the Bonds are the holders of the securities account in which the Bonds are recorded or the persons indicated to the entity maintaining the omnibus account by the holder of such account as the persons entitled under the Bonds recorded in such omnibus account on the record date, which is 7 April 2022.
Under the terms of the Bonds, the Issuer will pay the bondholders an amount equal to the sum of: (i) the principal amount due (ii) the amount of interest accrued from the commencement date of the current interest period (excluding that date) to the early redemption date (inclusive) and (iii) an early redemption premium of 2.6% of the principal amount redeemed.
The Bonds shall be redeemed through the Central Securities Depository of Poland (“KDPW”) in accordance with the regulations of the KDPW. The redeemed Bonds shall be cancelled.
The Notice of early redemption is attached to this current report and is also published on the Issuer's website at (Polish version only): www.benefitsystems.pl/en/for-investors/article/meeting-of-bondholders-of-series-b-bonds/