Change in the significant agreement (Current report No. 53/2013)
30.10.2013 /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 30 October 2013, the Company received the signed copy of the Annex dated on 28 October 2013 to the Revolving Credit Agreement of 3 March 2009, concluded with the Bank Handlowy, with the registered office in Warsaw, Senatorska 16, 00-923 Warszawa. The Company informed about the conclusion of the above agreement in the current report No 08/2009 on 10 March 2009 and the changes made in reports: No 09/2011 on 4 March 2011 and No 09/2013 on 26 February 2013.
The Annex has changed the value of the loan to the amount of PLN 86,000,000.00 (previous value: PLN 56,000,000.00).
In relation to the conclusion of the Annex has been modified value of the loan collateral constituting joint capped mortgage to the amount of PLN 107,500,000.00 on the properties located in Polkowice owned by the Issuer and the related entity. In addition, the Company filled a statement of willingness to submit to execution to the amount of PLN 103,200,000.00, 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 involment of the Bank Handlowy in crediting CCC S.A. amounts to PLN 150,000,000.00.
Furthermore, in accordance with § 7.5 of the Regulation of the Minister of Finance dated 19.02.2009 on current and periodic information (…) The Management Board of CCC S.A. reports that between the Issuer and its managers and supervisors, and the entity on which the mortgage was established and the people managing it, there are no connections.
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.