Change in the significant agreement
(Current report 8/2016)
18.02.2016 /The Issuer/
Legal basis:
Art. 56(1)(2) Act on Public Offering – current and term information
The Management Board of the CCC SA (hereinafter: The Issuer) informs that on 18th February 2016 they received the information on receiving on 18th February 2016 by the subsidiary CCC.eu Sp. z o.o., based in Polkowice, the annex dated on 15th February 2016, to a revolving credit agreement of 3rd March 2009, concluded with Bank Handlowy based in Warsaw, at 16 Senatorska Street. The Company informed about the conclusion of the aforementioned agreement in the current report no. 8/2009 on 10th March 2009. The Annex has changed the value of the loan to the amount of PLN 156,000,000.00 (previous value: PLN 86,000,000.00) and repayment date until 14th February 2018 (the previous period: 24th February 2017).
Due to carried change, additional protection of commitments’ execution under the Credit Agreement has been set up in the form of: establishing a registered pledge on movables up to the maximum amount of security of PLN 80,000,000.00 and the blank bill up to PLN 187,200,000.00, guaranteed by the Issuer and CCC Shoes&Bags Sp. z o.o. based in Warsaw.
Other provisions of the agreement aren’t significantly changed and do not differ from those commonly used for this type of agreements.
The amount of equity accounts for contracts to be recognized as significant.
Legal Basis:
§ 5 act 1 point 3 of decree of the Minister of Finance dated on 19.02.2009, on current and periodic information provided by issuer of securities and conditions for recognizing, as equivalent the information required by law of the state which is not a member state.
Signatures:
1/ Mariusz Gnych - Vice-President
2/ Piotr Nowjalis - Vice-President