Current report no. 37/2020
Date: May 27, 2020
Short name of issuer: i2 Development S.A.
Subject: Change in the terms of issue of series I bonds

Legal basis Article 17 para. 1 MAR – confidential information

Management Board of i2 Development S.A. (hereinafter: "the Company", "the Issuer") informs that:

1) on May 26, 2020, adopted a resolution to amend the Terms and Conditions of Issue (hereinafter "WEO") of Series I Bonds with a nominal value of PLN 1,000 each, issued by the Company on the basis of a resolution of the Management Board of December 17, 2019, marked by the National Depository for Securities (KDPW) the code 'PLO222400015′ (hereinafter 'Bonds I’);

2) concluded with a bond holder holding all Bonds I an agreement regarding the amendment of WEO.

The WEO changes concern the scope of established collateral. In connection with the purchase and redemption of a total of 10,000 Bonds I with a nominal value of PLN 1,000 (one thousand zlotys) each and the total nominal value of PLN 10,000,000.00 (ten million zlotys), about which the Issuer informed in current reports number 23/2020, 24/2020, 25/2020, 27/2020, 29/2020 and 32/2020, the bond holder holding all the Bonds I agreed to release the joint contractual mortgage on the right of perpetual usufruct of real estate constituting undeveloped plot No. 2/25, with an area of 4674 m2, located at ul. Grabiszyńska in Wrocław and a joint contractual mortgage with the right of perpetual usufruct of real estate constituting undeveloped plot of land No. 3/10, with an area of 1294 m2, located at Al. Gen. Józef Haller in Wrocław.

Bonds I after the WEO change are secured:

(i) an agreement to subordinate liabilities to the collateral administrator resulting from loans granted to companies of the Issuer’s Capital Group by entities related to the Issuer’s main shareholder;

(ii) a declaration of submission to enforcement by the Issuer in favour of the Bondholders.

Signatures of persons representing the Company:
2020-05-27   Marcin Misztal   President of the Board