AS Pro Kapital Grupp (hereinafter Pro kapital) hereby informs that the
Supervisory Council of Pro Kapital has on 21 May 2020 decided to approve the
issue of unsecured, callable, fixed rate non-convertible bonds (hereinafter the
Bonds). The Management Board of Pro Kapital is authorized to issue the Bonds on
the following main conditions:
1. With the view of exchanging existing Pro Kapital convertible bonds listed in
section 4, Pro Kapital shall issue Bonds in the aggregate nominal value of
the Bonds up to EUR 10 252 258.80 euros (up to 3 661 521 Bonds);
2. Nominal value of the Bonds will be EUR 2.80;
3. The Bonds will carry interest at a fixed rate, which shall not be higher
than 8%, p.a.;
4. The Bonds may be subscribed for only in exchange for the existing Pro
Kapital convertible bonds with the following ISIN codes: EE3300104033,
EE3300106574, EE3300108711, EE3300109248, EE3300109917, EE3300110048 and
EE3300109982 (hereinafter the Existing Bonds), which have not been redeemed
as at the date of issue of the Bonds (exchange rate is 1:1);
5. The Bonds are offered in a manner that the offer is not deemed as public
offer of securities in the meaning of the regulation (EU) 2017/1129 and
applicable laws, to a limited number of investors who own the Existing Bonds
and who have at least 3,575 Existing Bonds with the aforementioned ISIN
codes across all the Existing Bond issues;
6. The Bonds are expected to be issued in several tranches;
7. Issue date of the first tranche of the Bonds is expected to take place in
June or July of 2020;
8. Final redemption date of the Bonds will occur over 4 years after the issue
date of the first tranche of the Bonds (i.e. it is expected to occur in
September or October of 2024 on the condition that the first tranche of the
Bonds will take place in June or July of 2020);
9. Pro Kapital shall undertake to apply for the listing of the Bonds on Nasdaq
Tallinn bond list.
At present, the Management Board of Pro Kapital has made no decision to launch
the subscription of the first tranche of the Bonds. If the Bonds are to be
issued, the Management Board of Pro Kapital shall decide on the exact details of
the issue. Pro Kapital shall inform of the decision to launch the subscription
with a separate notice after such decision has been made.
This notice is published in accordance with article 7.6. of the "Requirements
for Issuers" of Nasdaq Tallinn, the EU market abuse regulation and other
applicable requirements. This notice is not an offer to acquire or transfer the
Bonds or any securities of Pro Kapital.
Allan Remmelkoor
Member of the Management Board
Tel.: +372 6144 920
Email: prokapital@prokapital.ee (mailto:allan.remmelkoor@prokapital.ee)
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