GORENJE, d.d., Velenje
Gorenje considers second bond issue
Pursuant to the Rules and Regulations of the Ljubljana Stock Exchange, d.d., the Financial Instruments Market Act, the Corporate Governance Code for Joint Stock Companies, and in accordance with the provisions of the Code of Best Practice for WSE Listed Companies, the company Gorenje, d.d., Velenje, hereby makes the following announcement:
The company Gorenje, d.d., hereby publicly announces that, consistently with its policy of diversification of financing sources, is analyzing the possibilities for the second issue of bonds. The Company's decision on actual bond issue, type of bond, coupon, and nominal size of the issue will be adopted based on the market conditions and investor response or interest.
The purpose of the bond issue is to further improvement of the average maturity of financing sources, support the achievement of the Strategic Plan of the Gorenje Group 2016-20 through planned growth of operations and continuing to improve the sales structure (especially in the segment of premium and innovative products), to refinance part of long-term financial resources and to optimize the finance expenses.
The company Gorenje, d.d., will commence the procedure for new issue of bonds. To this end, the company will start the pre-issue activities in the capital market (market sounding), which will be followed by the offering process to be completed with subscription and payment for new bonds, which is planned by the mid of May 2017.
On behalf of the company Gorenje, d.d., activities regarding the issue and offering of bonds are managed by Nova Ljubljanska banka, d.d., Ljubljana.
Disclaimer: The English text for all announcements is for information purposes only!
The information in this announcement will be available on the official web site of the company Gorenje, d.d., Velenje, Slovenia, www.gorenje.com, for at least 5 years from the date of this announcement.
The Management Board