Change in the significant agreement
(Current report No. 09/2013)
26.02.2013 /The Issuer/
Legal basis: Art. 56(1)(2) Act on Public Offering – current and term information
The Management Board of CCC S.A. announces that on the 25th February 2013, the Company received the signed copies of the annexes dated on 20th February 2013 to the revolving credit agreement and the overdraft in the current account dated on 3rd March 2009, concluded with the Bank Handlowy, based in Warsaw, ul. Senatorska 16. CCC S.A. informed about the conclusion of the above contracts in the current report No 8/2009 dated on 10th March 2009. These annexes have changed the amount of credit in the revolving credit agreement and the terms of repayment of loans. The revolving credit agreement established the value of the loan at the amount of PLN 56,000,000.00 (fifty six million PLN). The deadline for the repayment of both loans were set on 26th February 2015.
The collateral for revolving credit is a mortgage for an amount up to PLN 70,000,000.00 (seventy million PLN) on the properties located in Polkowice owned by the Issuer and the related entity and a pledge on movables together with the assignment of rights under the insurance contract.
In addition, the Company filed a statement of willingness to submit to execution to the amount of PLN 67,200,000 (67.2 million PLN) and the amount of PLN 76,800,000.00 (76.8 million PLN), with the possibility of registering the order of enforcement until 28th February 2017.
Other provisions of the agreement have not materially changed and do not differ from the market terms for this type of contract.
The criterion for considering the agreement as significant is the amount of equity. The involvement of the Bank Handlowy in crediting CCC S.A. amounts to PLN 120,000,000.00.
Furthermore, in accordance with § 7.5. of the Regulation of the Minister of Finance dated 19.02.2009 on current and periodic (..) The Board CCC indicates that between the Issuer and the managing or supervising persons of the Issuer, and the entity to whom the pledge is established and the people managing it, there are no ties.