Getin Noble Bank (GNB)

1.24PLN
+ 0.81% 17:02

Current report 11/2014

16.01.2014

DECISION OF THE SUPERVISORY BOARD OF THE BANK ON THE BANK SECURITIES ISSUE PROGRAM

The Management Board of Getin Noble Bank S.A. (”Issuer”, ”Bank”) hereby informs that on 16 January 2014, the Supervisory Board of the Issuer approved the bank securities issue program.

According to the adopted terms of the program, the total nominal value of the issue cannot be higher than PLN 2,000,000,000.00. The bank securities (“BS”) shall be issued in dematerialized form, as registered securities. BS shall be denominated in PLN, EUR, USD or CHF. BS can be issued until 31 December 2020.

BS shall be issued in tranches, whereas the volume of a single tranche, its date of issue and other financial parameters, depending on financial needs and debt securities market situation, shall be set by the Issuer in the issue terms of each tranche.

The Issuer intends, depending on needs and debt securities market situation, to issue within the program short-term, medium-term and long-term bank securities bearing fixed interest rate or variable interest rate, where the changes of the interest shall be dependent on the changes of the official interest rates (WIBOR, EURIBOR, LIBOR or Polish National Bank interest rate) plus margin.

BS shall not be the subject of public offering or shall not be introduced to public trading on the regulated market within the meaning of the Polish Act of 29 July 2005 on public offering and the conditions for introducing financial instruments into an organized trading system and on public companies.

The funds acquired from the program shall be allocated to run statutory activities of the Bank.

Legal basis: Article 56(1)(1) of the Polish Act of 29 July 2005 on public offering and the conditions for introducing financial instruments into an organized trading system and on public companies (uniform text, Journal of Laws No. 185 item 1439 later amended).