Signing of an annex to the agreement by a subsidiary of the Issuer
(Current Report No. 14/2018)
02.05.2018 /The Issuer/
Legal basis: Art. 17 paragraph 1 of the MAR – confidential information
The Management Board of CCC S.A. (The Issuer) hereby informs that today, i.e. 2 May 2018, the subsidiary of the Issuer, eobuwie.pl S.A., based in Zielona Góra (The Company), signed an annex to the agreement on a multi-purpose credit limit as of 26 October 2017 with the Polish Bank Pekao S.A. (hereinafter “the Bank”) with its headquarters in Warsaw at 53/57 Grzybowska Street.
This annex changed the credit limit to the total amount of PLN 60,000,000.00 (sixty million zlotys, 00/100), under which the Bank granted a Company a limit in the form of an overdraft up to a total amount not exceeding PLN 40,000,000.00 and in the form of bank guarantees and letters of credit for a total amount not exceeding PLN 20,000,000.00.
The limit was extended to 31 October 2018.
Other conditions are similar to those commonly used for this type of agreement.
Issuer's Management Board has decided to publish the above information due to the significant value of the agreement.
Total maximum involvement of Polish Bank Pekao S.A. in the CCC Group increased from PLN 530 million to PLN 560 million.
Signatures:
1/ Marcin Czyczerski – Vice - President
2/ Mariusz Gnych – Vice - President