Signing of an annex to the agreement
(Current report No. 27/2017)
16.05.2017 /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 on 16 May 2017 they received information from the subsidiary of the Issuer, CCC.eu Sp. z o.o., with registered seat in Polkowice, on receiving the signed with the PKO BP SA annex as of 8 May 2017 to the agreement on a multi-purpose credit limit as of 30 May 2016, of which the Company informed in the current report CR No. 24/2016 as of 30 May 2016.
This annex changed the credit limit to the amount of PLN 220,000,000.00 (a previous value: PLN 200,000,000.00).
With the change of the limit amount value of the collateral to the agreement was changed:
- contractual mortgage to the amount of PLN 330,000,000.00 (a previous value: PLN 300,000,000.00) on the ownership title enjoyed by CCC S.A. for a land properties located in Polkowice, 6 Strefowa Street, for which the District Court in Lubin, V Department of Land and Mortgage Registry keeps
a mortgage under the numbers KW LE1U/00058454/2, KW LE1U/00040132/0 and KW LE1U/00065874/4;
- civil law guarantees provided by CCC S.A. and CCC Shoes & Bags Sp. z o.o. comprising the amount of PLN 374,000,000.00 validated to 29 May 2021.
Other conditions have not materially changed and 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. The total exposure of PKO BP S.A. towards the Group CCC shall amount to PLN 240,000,000.00.
Signatures:
1/ Marcin Czyczerski – Vice President of the Management Board
2/ Mariusz Gnych – Vice President of the Management Board