Allotment of bonds issued under the Tenth Bond Issue Programme and information of Closing of the public offering of Series AO7 bonds

Further to the Report of February 7th 2024 on the issue of bonds under Tenth Bond Issue Programme (the “Programme”), the Management Board of KRUK S.A. (the “Company”) announces that on February 23rd 2024 it passed a resolution (the “Resolution”) on the allocation of Series AO7 ordinary bearer coupon bonds (the “Bonds”), carried out as part of the Programme covered by the Base Prospectus approved by the Polish Financial Supervision Authority on July 11th 2023 (the “Prospectus”).

In the Resolution of the Company’s Management Board, the Bond issue was declared successful and 700,000 Bonds, each with a nominal value equal to the issue price of PLN 100 and with a total value of PLN 70,000,000 were allotted. The period of subscription for the 700,000 Bonds was February 9th 2024 (inclusive) – February 22nd 2024 (inclusive). The issue was not divided into tranches.
During the subscription period 2,316 Investors effectively placed 2,858 subscription orders for 2,842,474 Bonds. As a result of proportional reduction of 75,37%, the Company allotted 700,000 Bonds in response to subscription orders from 2,244 Investors. At the same time, the Company announces that the offering of Bonds has been closed.
The Bonds were acquired for cash at an issue price of PLN 100 per bond. No underwriter acquired the Bonds. The Company did not conclude any underwriting agreement in connection with the Bond offering. The issue value, understood as the product of the number of the Bonds covered by the offering and the issue price, was PLN 70,000,000. The Bonds bear interest at a variable rate equal to 3M WIBOR plus a fixed margin of 4.00 percentage points per annum.
The cost of preparing and carrying out the bond offerings, as well as promoting the offerings and preparing documentation, including the Prospectus, taking into consideration the cost of advisory services, will only be known after all issues under the Programme have been carried out. As no information is available on the total cost of the Programme and the final number of bonds issued under the Programme, the Company will announce the total and unit cost of the offerings in a separate current report, which will be published once the final bond issue under the Programme has been completed.
The costs incurred by the Company in connection with the offering of Bonds under the Programme are charged to the Company's operating expenses.
Detailed legal basis: Par. 16.1 of the Regulation of the Minister of Finance of March 29th 2018 on current and periodic information […].