RB: 12/2022
Date: 24 March 2022
Resolutions adopted by the Meeting of Bondholders of Series B Bonds, amendment to the Bond Issue Terms and Conditions adopted by the said Meeting and the Issuer's approval of the amendment to the Bond Issue Terms and Conditions of Series B Bonds
Legal basis: Art. 17 item 1 of MAR – inside information

Text of the report:

The Management Board of Benefit Systems S.A. ("Company", “Issuer”), in reference to the current report No. 6/2022 of 2 March 2022, hereby publishes the content of resolutions adopted by the Meeting of Bondholders of series B, which was assigned ISIN code: PLBNFTS00075 ("Bonds"), held on 24 March 2022 (hereinafter: "Meeting of Bondholders").
Resolution No. 3/03/2022 of the Meeting of Bondholders (the "Resolution") provides for amending the terms of the Bonds issue (the "Terms of Issue") in such a way that the Issuer may perform their early redemption, apart from cases provided for so far in the Terms of Issue, also at the end of the third interest period, i.e. on April 7, 2022. The Issuer may make an early full redemption also on April 14, 2022 by submitting, not later than on April 5, 2022, a relevant statement to the bondholders of the Bonds in the manner provided for in the Issue Conditions. In both aforementioned cases, the Issuer will be obliged to pay, in addition to the benefits resulting from the Bonds (i.e. their nominal value and interest), a premium of 2.6%. The Meeting of Bondholders authorised the Issuer's Management Board to adopt the consolidated text of the Issue Conditions.
On 24 March 2022, pursuant to Article 67.2 of the Bond Act of 15 January 2015 (i.e. Journal of Laws of 2022, item. 454) (the "Bond Act") submitted a statement of approval of the amendment to the Terms of Issue adopted by the Meeting of Bondholders and published this statement together with the minutes of the Meeting of Bondholders on its website, as a result of which, pursuant to Article 67(1) of the Bond Act, the Terms of Issue were amended in the manner specified in the Resolution.
The contents of the minutes of the Meeting of Bondholders and the Issuer's consent to the amendment of the Terms of Issue, together with the consolidated text of the Terms of Issue, are attached to this current report and have been published on the Issuer's website at: www.benefitsystems.pl/en/for-investors/corporate-governance/general-meeting-of-shareholders/.