EN
PLPCC Rokita has received an absolutely record-breaking number of subscriptions compared to previous issues. Investors have submitted 1,083 purchase orders. The company is focused on maintaining exemplary investor relations, including with individual investors. PCC Rokita has regularly issued debt securities for over 7 years.
The company is well known to be the pioneer on the market of retail bonds dedicated mainly to individual investors. The next issue by PCC Rokita provides for a significant reduction by over 67%. On Friday, 23 march 2018, the issuer allotted six-year bonds with an annual rate of 5%. The issue agent was Dom Maklerski BDM S.A., but subscriptions were also accepted by the brokerage houses of City Handlowy, mBank and Alior Bank.
For us, this record number of subscriptions is a compliment. The issue which has just ended is another proof of trust in PCC Rokita as an issuer, says Wiesław Klimkowski, President of the Board at PCC Rokita SA.
PCC Rokita Group, active in the chemical industry, is growing very dynamically. Its financial results improve year by year. In 2017 PCC Rokita Group showed record-breaking performance by its principal two production areas: Chlorine Derivatives and Polyurethanes. The Group earned a very high profit, which both refers to the EBITDA, which reached PLN 266.4 million, and the net profit amounting to PLN 182.4 million. If we compare the net profit for 2017 to that for 2013, presented at the initial public offering, we will see an over 300% growth achieved in four years of listing.
The record interest in PCC Rokita’s debt securities can naturally be seen as the effect of such factors as day-to-day attention which the issuer pays to its investor relations. The Company’s operations are driven by market communication, which must be transparent and friendly and should transmit current information on what is important.
We see this next successful issue of bonds as a proof that the company and its securities remain attractive. This is still an alternative to the facilities offered by banks, says Rafał Zdon, Vice-President of the Board at PCC Rokita SA. We are aware of the great importance of maintaining good relations with our investors. We remain at their disposal and are open to communication, both during the issue and over the year, he adds. The company effectively implements the planned projects. It increases the production capacity and extends its offer by new products such as polyester polyols. It also actively searches for further development opportunities. Since 2015 PCC Rokita has been active in Thailand. In 2017, a company from PCC Rokita Group signed contracts with companies from Petronas, one of the largest groups worldwide, which aim to initiate preparation for a potential manufacturing project in Malaysia.
Besides, PCC Rokita regularly distributes its profit to shareholders. The 2017 dividend worth PLN 7.56 per share again classified PCC Rokita among the leading Polish issuers who offer the highest dividend rates.
The company presently has eleven bond series listed on Catalyst, which come from previous public offerings. To date the company has issued bonds with a total value of nearly PLN 370 million, including redeemed bonds worth PLN 110 million.
