Current report No. 54/2021

Conclusion of a preferential loan agreement by a subsidiary of the Issuer

(Current Report no. 54/2021)

02.09.2021 /Issuer/

Legal basis:
Article 17 sec. 1 MAR - confidential information


The Management Board of CCC S.A. announces that on 2 September 2021 Sp. z o.o., a 100%-owned subsidiary of the Issuer, signed a preferential loan agreement under the Government Programme "Financial Shield of the Polish Development Fund for Large Companies" ("the Programme") with the Polish Development Fund Joint Stock Company based in Warsaw in connection with the occurrence of conditions of the Programme concerning the damage caused by Covid-19 in the period from 1 March 2020 to 2 May 2020. The amount of the loan is PLN 71,280,645 with the final repayment date of 10 October 2022.

This financing constitutes an additional source of funding of current activities, and the loan, in accordance with the agreement and the rules of the Programme, the loan may be used only to finance the current activities of the borrower, including working capital, salaries and settlement of public and legal obligations.

The Loan may be redeemable up to a maximum of 75% of the amount of the Loan or an amount representing 75% of Covid's actual loss, upon fulfilment of the conditions provided for in the Loan Agreement and pursuant to a separate decision of the Lender.

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