UNI - EN REPORT No7/2018
Pursuant to the provisions of the Rules and Regulations of the Ljubljana Stock Exchange d.d., Financial Instruments Market Act (ZTFI), and the Corporate Governance Code of the Ljubljana Stock Exchange and Warsaw Stock Exchange, the company Gorenje d.d., Velenje, hereby makes the following announcement:
The company GORENJE d.d., Partizanska cesta 12, SI-3320 Velenje (hereinafter referred to as Gorenje d.d. or the Issuer or the Company), hereby informs the public that the Company Management Board adopted on January 24, 2018, a resolution to issue commercial paper, based on which the Company will issue commercial paper with a total face value of up to EUR 15,000,000.00, in denominations of EUR 1,000.00. The Issuer reserves the right to either increase or decrease the total face (nominal) value of the issue. The purpose of the issue of commercial paper is seasonal financing of operations, consistently with the cash flow dynamics within the year, and diversification of short-term financing sources. Interest rate on commercial paper is 1.90% p.a. The interest accrual period starts on February 1, 2018, and the principal of commercial paper shall be due for payment on December 21, 2018.
Offered (discounted) price of commercial paper is 98.324% of the commercial paper face value, i.e. EUR 983.24 per denomination; minimum amount for subscription and purchase shall be 10 denominations, or EUR 10,000.00 of commercial paper face value.
Subscription of new commercial paper shall take place from January 24, 2018, until noon on January 29, 2018; payment deadline shall be February 1, 2018, at noon.
Authorized agent for the subscription of new commercial paper is ALTA Invest, investicijske storitve d.d., Železna cesta 18, Ljubljana (hereinafter referred to as: ALTA Invest d.d. or Authorized Agent).
Offering of commercial paper of the company Gorenje d.d. will take place in the Republic of Slovenia pursuant to the provisions of the Financial Instruments Market Act (ZTFI) (Official Journal RS No. 67/2007 as subsequently changed and amended; hereinafter: ZTFI), with the omission of the provisions from Chapter 2 thereof on public announcement or publication of a prospectus. Pursuant to Article 25 of the Financial Instruments Market Act (ZTFI), money market instruments specified in Article 7, Paragraph 4 of the same act, maturing in a period shorter than 12 months, are not classified as securities. Therefore, Chapter 2 (two) of the Financial Instruments Market Act (ZTFI) does not apply to commercial paper subject to this offering. Commercial paper may also be offered in the territory of other jurisdictions that treat commercial paper in the same way as the Financial Instruments Market Act (ZTFI), or by using any exception or exemptions from the obligation to publish a prospectus, subject to condition that none of such types of commercial paper offering will result in an obligation for the Issuer or the company ALTA Invest, investicijske storitve d.d., or ALTA Skupina d.d., both with the address Železna cesta 18, Ljubljana, to publish a prospectus.
If the offering is successful, commercial paper will be issued in dematerialized form in the Central Securities Register of the Republic of Slovenia with the Central Securities Clearing Corporation (KDD), Tivolska 48, 1000 Ljubljana (hereinafter referred to as: KDD), and it shall be freely transferable by means of entry of such transfer to the Central Register with the KDD, pursuant to the effective regulations and KDD Operation Rules. After the issue, the commercial paper shall be listed on the regulated market of the Ljubljana Stock Exchange (Ljubljanska borza d.d.), Ljubljana.
Other terms and conditions, and information regarding the offering and the issue of commercial paper, is available in the Presentation Document for offering of commercial paper GRV06 – Gorenje d.d., available from the Authorized Agent ALTA Invest d.d.
The investors should refrain from subscribing or acquiring Gorenje d.d. commercial paper solely based on information specified in this notification; rather, they should carefully examine the entire Presentation Document and obtain relevant additional information.
Disclaimer: The English text for all announcements is for information purposes only!
The information included in this announcement will also be available at the official website of the company Gorenje, d.d., Velenje, at www.gorenjegroup.com, for a period of no less than 5 years from the date of announcement.
Gorenje d.d., Management Board