Current Report No. 122/2016: Closing of the public offering of Series AF1 Bonds

Further to Current Report No. 115/2016 of December 5th 2016 on the allocation of bonds under the Fourth Public Bond Issue Programme (the “Programme”), the Management Board of KRUK S.A. (the “Company”) announces that the offering of Series AF1 unsecured 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 November 24th 2016 (the “Prospectus”), has been closed. The period of subscription for the  400,000 Bonds was December 1st 2016 (inclusive) – December 2nd 2016 (inclusive). The Bonds were allotted on December 5th 2016. The issue was not divided into tranches. In the subscription period, 1031 Investors placed subscription orders for 1 254 381 Bonds. As a result, the Company allotted Investors 400,000 Bonds, with the reduction rate of 68,11% and with a total value of PLN 40,000,000, were allotted. The Bonds were acquired at the 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 40,000,000. The cost of preparing and carrying out the bond offerings, as well as promoting the offerings and preparing documentation, including the issue 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. 33.1 of the Regulation of the Minister of Finance of February 19th 2009 on current and periodic information […]