KERNEL HOLDING S.A. - SHARE OFFERING TO QUALIFIED INVESTORS – EXISTING SHAREHOLDERS OF KERNEL HOLDING S.A.

Spis treści:
1. REPORT
2. INFORMATION ABOUT THE ENTITY
3. SIGNATURE OF PERSONS REPRESENTING THE COMPANY

Spis załączników:

1. Current-report-30-2023 eng.pdf
   

POLISH FINANCIAL SUPERVISION AUTHORITY

UNI - EN REPORT No 30 / 2023

Date of issue: 2023-08-22

Short name of the issuer

KERNEL HOLDING S.A.

Subject

SHARE OFFERING TO QUALIFIED INVESTORS – EXISTING SHAREHOLDERS OF KERNEL HOLDING S.A.

Official market - legal basis

art. 17. 1 MAR.

Unofficial market - legal basis

Contents of the report:

Kernel Holding S.A. (the “Company”) announces that on 21 August 2023 the Board of Directors of the Company adopted resolutions launching the share offering (the "Offering") exclusively directed towards the qualified investors (within the meaning of Article 2 letter e) of Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market, and repealing Directive 2003/71/EC) being shareholders of the Company as of 21 August 2023 end of the day, targeting to raise up to USD 60 million to satisfy the requirement of ongoing negotiations with a pool of Company creditors and address the capital need of the Company considering the termination of grain deal on 18 July 2023 and severe damage of Company grain handling and transshipment infrastructure by Russian missile attacks thereafter. The number of shares and issue price will be determined in the book-building process organized under Dutch auction rules, subject to restrictions arising from the authorized share capital of the Company. The Company intends to use the proceeds of the Offering principally to reduce the indebtedness of the Company, as required by the Company’s creditors.

The Board of Directors of the Company is committed to transparency and open communication with the Company’s shareholders acting in the best interests of the Company.

Please review further information detailing the offering and subscription rules in the addendum to this current report.

Annexes

File Description

Current-report-30-2023 eng.pdf
Current-report-30-2023 eng.pdf

KERNEL HOLDING S.A.

(fullname of the issuer)

KERNEL HOLDING S.A. Spożywczy (spo)

(short name of the issuer) (sector according to clasification of the WSE in Warsow)

L-1273 Luxembourg

(post code) (city)

rue de Bitbourg 9

(street) (number)

(phone number) (fax)

(e-mail) (web site)

(NIP) (REGON)

SIGNATURE OF PERSONS REPRESENTING THE COMPANY

Date Name Position / Function Signature