AS Pro Kapital Grupp (hereinafter Pro Kapital) informed its investors on 17.07.2015 that Pro Kapital Management Board decided to announce the start of the second subscription process of the secured, callable, fixed rate bonds (hereinafter the “Bonds”).
The Management Board has decided on the allocation of the second subscription of the Bonds as follows:
- Pro Kapital will issue 64 Bonds with total issue price of EUR 6 483 911,04 EUR;
- the nominal value of the Bonds will be EUR 100 000 each;
- the Bonds will carry interest at a 8%, p.a.;
- the issue date of the second tranche of the Bonds is expected to take place on or around 31.07.2015;
- the final redemption date of the Bonds will take place on 01.06.2020;
- the obligations and liabilities of Pro Kapital arising from the Bonds and related documents will be secured by the first ranking security over the following assets:
- all shares (including rights attached thereto) in the following companies owned by Pro Kapital and its subsidiaries (including all shares issued and acquired at any time in the future): AS Pro Kapital Eesti, Pro Kapital Latvia JSC, Pro Kapital Vilnius Real Estate UAB, PRO KAPITAL Germany GmbH, Pro Kapital Germany Holdings OÜ, OÜ Ilmarise Kvartal, Pro Halduse OÜ, OÜ Hotel Management Services, AS Tondi Kvartal, OÜ Marsi Elu, PK Hotel Management Services GmbH, “Klīversala” SIA, “Tallina nekustamie īpašumi” SIA, "NEKUSTAMO ĪPAŠUMU SABIEDRĪBA "ZVAIGZNES CENTRS"" SIA, “Hotel Management Services” SIA; In Vitam UAB; PK Invest UAB and Pro Kapital Bonum UAB;
- two banks accounts opened in connection with the issuance of the Bonds (debt service account and deposit account);
- the Bonds will be registered with Euroclear Sweden AB;
- Pro Kapital plans to apply for the listing of the Bonds at the corporate bond list on Nasdaq Stockholm.
Pro Kapital informs that OÜ Svalbork Invest, which is a company controlled by Mr. Ernesto Preatoni‘s family member, subscribed bonds in amount of EUR 5 876 044,38. Mr. Ernesto Preatoni and affiliates are largest shareholders of Pro Kapital.
CEO of Pro Kapital Paolo Michelozzi comment on the second subscription of the Bonds: “we are satisfied with the allocation amount of the second subscription of the bonds and are glad that one of the largest shareholders of Pro Kapital decided to participate in the subscription of the Bonds”.
This notice has been published to comply with the rule 7.6. of the Requirement for Issuers of Nasdaq Tallinn Stock-Exchange.
Allan Remmelkoor
Member of the Management Board
Tel.: +372 6144 920
Email: prokapital@prokapital.ee