Purchase of PGE Polska Grupa Energetyczna S.A. bonds by its subsidiaries

14/2009

19.11.2009 15:48

Art. 56 section 1 p. 2 of Act on Public Offering – current and periodic information

Contents of the report

The Management Board of PGE Polska Grupa Energetyczna S.A. (“the Company”, “PGE”) informs that on November 19, 2009 Company issued short-term PGE bonds under PGE Bond Program of up to PLN 5 billion, dated May 11, 2009, directed to companies from PGE capital group, that was described in issue prospectus, chapter XIV (“the Bond Program”). Total nominal value of the bonds issue accounts for PLN 660,000,000. The bonds were purchased by direct or indirect PGE’s subsidiaries:



  1. ZEW “Porąbka Żar S.A. purchased 350 short-term PGE bonds with nominal value of PLN 35,000,000 at unit price of PLN 99,674.80 with maturity date on December 18, 2009.

  2. PGE ZEW Dychów S.A. purchased 100 short-term PGE bonds with nominal value of PLN 10,000,000 at unit price of PLN 99,674.80 with maturity date on December 18, 2009.

  3. PGE Zakłady Energetyczne Okręgu Radomsko – Kieleckiego S.A. purchased 400 short-term PGE bonds with nominal value of PLN 40,000,000 at unit price of PLN 99,674.80 with maturity date on December 18, 2009.

  4. PGE Zakłady Energetyczne Okręgu Radomsko – Kieleckiego Dystrybucja Sp. z o.o. purchased 400 short-term PGE bonds with nominal value of PLN 40,000,000 at unit price of PLN 99,674.80 with maturity date on December 18, 2009.

  5. PGE Zakład Energetyczny Warszawa - Teren S.A. purchased 500 short-term PGE bonds with nominal value of PLN 50,000,000 at unit price of PLN 99,674.80 with maturity date on December 18, 2009.

  6. PGE Górnictwo i Energetyka S.A. purchased 300 short-term PGE bonds with nominal value of PLN 30,000,000 at unit price of PLN 99,674.80 with maturity date on December 18, 2009.

  7. PGE Energia S.A. purchased 20 short-term PGE bonds with nominal value of PLN 2,000,000 at unit price of PLN 99,674.80 with maturity date on December 18, 2009.

  8. PGE Elektrownia Turów S.A. purchased 1200 short-term PGE bonds with nominal value of PLN 120,000,000 at unit price of PLN 99,674.80 with maturity date on December 18, 2009.

  9. PGE Elektrownia Opole S.A. purchased 200 short-term PGE bonds with nominal value of PLN 20,000,000 at unit price of PLN 99,674.80 with maturity date on December 18, 2009.

  10. PGE Dystrybucja Warszawa – Teren Sp. z o.o. purchased 400 short-term PGE bonds with nominal value of PLN 40,000,000 at unit price of PLN 99,674.80 with maturity date on December 18, 2009.

  11. PGE Dystrybucja Rzeszów S.A. purchased 1650 short-term PGE bonds with nominal value of PLN 165,000,000 at unit price of PLN 99,674.80 with maturity date on December 18, 2009.

  12. PGE Dystrybucja Łódź - Teren S.A. purchased 300 short-term PGE bonds with nominal value of PLN 30,000,000 at unit price of PLN 99,674.80 with maturity date on December 18, 2009.

  13. PGE Dystrybucja Łódź Sp. z o.o. purchased 30 short-term PGE bonds with nominal value of PLN 3,000,000 at unit price of PLN 99,674.80 with maturity date on December 18, 2009.

  14. PGE Dystrybucja Lubzel Sp. z o.o. purchased 100 short-term PGE bonds with nominal value of PLN 10,000,000 at unit price of PLN 99,674.80 with maturity date on December 18, 2009.

  15. Elektrownia Wodna Żarnowiec S.A. purchased 350 short-term PGE bonds with nominal value of PLN 35,000,000 at unit price of PLN 99,674.80 with maturity date on December 18, 2009.

  16. PGE Elektrownia Opole S.A. purchased 300 short-term PGE bonds with nominal value of PLN 30,000,000 at unit price of PLN 98,815.60 with maturity date on February 19, 2010.


Purchase of bonds results from policy of cash management in PGE capital group.


The bonds were issued in compliance with the Law on Bonds, dated June 29, 1995 (Dziennik Ustaw of 2001, No. 120, item 1300 as amended), in Polish zlotys, as bearer, dematerialised, unsecured, zero-coupon bonds.


The buyout of the bonds will be at their nominal value. The nominal value of one bond is PLN 100,000.


After the above bond issue, aggregate value of bonds issued under the Bond Program amounts to PLN 2,301,300,000 as of November 19, 2009.


Legal ground: § 5 section 1 p. 6 and § 12 of the Regulation of the Polish Minister of Finance of February 19, 2009 on current and periodic information published by issuers of securities and on conditions under which such information may be recognized as being equivalent to information required by the regulations of law of a state which is not a member state. (Dziennik Ustaw of 2009 No. 33, item 259, as amended).

Signatures of persons representing the company

Date Name Position and function
2009-11-19 08:28:57 Tomasz Zadroga President of the Management Board
2009-11-19 08:28:57 Marek Trawiński Vice-President of the Management Board
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