Results of the subscription of debt securities

| Source: Pro Kapital Grupp Pro Kapital Grupp

AS Pro Kapital Grupp (hereinafter Pro Kapital) informed its investors on 20.04.2016 that Pro Kapital Management Board decided to announce the start of the subscription process of the secured, callable, fixed rate bonds (hereinafter the “Bonds”).

 

The Management Board has decided on the allocation of the Bonds as follows:

 

  1. Pro Kapital will issue 150 Bonds with total nominal value of EUR 15 000 000.
  2. the nominal value of the Bonds is EUR 100 000 per each bond;
  3. issue price is EUR 97 000 per each bond, adjusted for the accrued, but unpaid interest;
  4. the Bonds carry interest at 8%, p.a.;
  5. the final redemption date of the Bonds will take place on 01.06.2020;
  6. 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;
  • as the the aggregate outstanding amount of the Bonds exceeds EUR 25 000 000, then also shares of AS Tallinna Moekombinaat belonging to AS Pro Kapital Eesti will be additionally pledged in accordance with the terms and conditions of the Bonds.
  • three banks accounts opened in connection with the issuance of the Bonds (escrow account, debt service account and deposit account);
  1. the Bonds are registered with Euroclear Sweden AB and listed at the corporate bond list on Nasdaq Stockholm.

 

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