Change in the significant agreement (Current report No. 52/2013)
28.10.2013 /The Issuer/
Legal basis:
Art. 56(1)(2) of the Act on Public Offering – current and periodic information
The Management Board of CCC SA hereby informs that on 28 October 2013, the Company received the signed copy of the Annex dated on 25 October 2013 to the Agreement of 28 October 2010 concluded with Powszechna Kasa Oszczędności Bank Polski S.A. with the registered office in Warsaw, Puławska 15, further called “PKO BP SA”. The Company informed about the conclusion of the above agreement in the current report No. 49/2010 on 29 October 2012 and the changes made to the report, Report No. 12/2012 of 29 February 2012.
The Annex has changed the value of the loan, granted as a multipurpose credit limit, to the amount of PLN 120,000,000.00 (previous value: PLN 75,000,000.00) to finance liabilities as results of current activity, including limit on bank guarantees to the amount of PLN 20,000,000.00 (previous value PLN 5,000,000,00). Simultaneously period of use the limit and loan repayment has changed to 26 October 2015 (previous period 27 October 2013).
In relation to the conclusion of the Annex to the above Agreement has been modified loan collateral in the form of increasing the value of collateral on movable goods labeled to species (stocks) and the assignment of rights from insurance of the above stocks of not less than PLN 180,000,000.00 (previous value PLN 112,500,000.00) and the registration of a mortgage on real estate owned to the Issuer, located in Chróstnik 22b, for which District Court in Lubin, V Land and Mortgage Division keeps the following record: Land and Mortgage Register (KW) LE1U/00041763/9 to the amount of PLN 45,000,000.00.
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 PKO BP SA in respect of given loans and guarantees amounts to maximum 120,000,000.00.
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.