Current Report No.: 20/2014
Current Report No.: 20/2014
Date of preparation: 18/04/2014
Short name of issuer: ENEA S.A.
Title: Information on ENEA Wytwarzanie S.A.'s bonds purchased by ENEA S.A. as intergroup transactions
Legal basis: Article 56 item 1(2) of the Act on Offerings - current and periodic information
Content of report:
The Management Board of ENEA S.A. (Issuer) informs that in relation to the purchase by the Issuer on 18 April 2014 of the first series of bonds of the nominal value of PLN 150 mln issued by ENEA Wytwarzanie S.A. (ENEA Wytwarzanie) within the programme agreement of 8 September 2012, of the conclusion of which the Issuer informed in the current report No. 34/2012, the total nominal value of intergroup bonds issued by ENEA Wytwarzanie (including bonds issued by Elektrociepłownia Białystok S.A. merged with ENEA Wytwarzanie on 31 December 2013) and purchased by ENEA S.A. during the recent 12 months exceeded the threshold of 10% equity of ENEA S.A. considered by ENEA S.A. as a criterion of deeming agreements significant and totalled to PLN 1,116 mln.
At the same time, ENEA S.A. informs that the above mentioned transactions were concluded in order to guarantee financial funds for the implementation of the investment by ENEA Wytwarzanie within the policy realised by ENEA S.A. of ensuring financing for the capital expenditures of ENEA Capital Group companies and because of consolidation exclusions they have no impact on the consolidated results of ENEA Capital Group.
On 18 April 2014 ENEA S.A. issued bonds totalling to PLN 150 mln within the programme agreement of 21 June 2012 relating to the bond issue programme up to the amount of PLN 4 bln. The issue was fully taken up by the Guarantors in the aforementioned programme, i.e. Bank PKO BP S.A., PEKAO S.A., BZ WBK S.A., Bank Handlowy w Warszawie S.A. and Nordea Bank Polska S.A. The Company informed of the conclusion of the agreement of 21 June 2012 in the current report No. 23/2012.
