Conclusion of significant agreements between subsidiaries of the Issuer
(Current Report No. 05/2015)
13.02.2015 /The Issuer/
Legal basis:
Art. 56 sec. 1 point 2 of the Act on Public Offering - current and periodic information
The Management Board of CCC S.A. (the Issuer) announces that on 12 February 2015 they were notified about receiving, by the subsidiary CCC.eu Sp. z o.o, based in Polkowice, at Strefowa 6, the loan agreement dated on 29 January 2015, concluded with a subsidiary of NG2 Suisse S.a.r.l. based in Zug, at Alpenstrasse 15, 6300 Zug. The subject of this agreement is the loan in the amount of 213 256 000,00 PLN provided by NG2 Suisse S.a.r.l. to the company CCC.eu Sp. z o.o., for a period of one year, until 29 January 2016. The Company CCC.eu Sp. z o.o. along with the loan agreement it has received a contract of mutual set-off dated on 29 January 2015, concluded with the company NG2 Suisse S.a.r.l.. On the basis of the aforementioned agreement the receivables entitled to NG2 Suisse S.a.r.l. towards CCC.eu Sp. z o.o. are set off under remuneration in the amount of 213 256 000,00 PLN for the trademark rights transfer on behalf of CCC.eu Sp. z o.o., reported by the Company in the current report No. 55/2014 CR, dated on 5 November 2014, and receivables entitled to CCC.eu Sp. z o.o. towards NG2 Suisse S.à.r.l. on the obligation arising from NG2 Suisse S.à.r.l. to pay the amount of the loan described above. The purpose of concluding the aforementioned Agreements is executing mutual compensation settlements which have arisen in relations between the two sides, and consequently receivables of CCC.eu Sp. z o.o. and NG2 Suisse S.à.r.l. cancel each other out in the above-mentioned amounts and are redeemed.
Detailed terms and conditions of the Agreements do not differ from market standards applied in agreements of this type. Provisions of contractual penalties have not been included in the Agreements. Agreement have not been concluded subject to the condition or term. The contracts for a significant excess of 10% of the equity of the Issuer.
The Agreements are considered to be significant because they exceed 10% of the equity of the Issuer.
Legal basis: § 5 section 1 point 3 of the Decree of the Minister of Finance of 19th February 2009 on current and periodic information published by issuers of securities and conditions for recognizing as equivalent information required by the laws of non-member states.