Conclusion of an annex to the agreement by the Subsidiary company of the Issuer
(Current report no. 56/2019)
08.11.2019 /Issuer/
Legal basis:
Article 17 paragraph 1 MAR - Confidential
Management Board of CCC S.A. (hereinafter referred to as: the “Issuer”) informs, that today, i.e. on 8th November 2019, the Issuer’s subsidiary, CCC.eu sp.z o.o., headquartered in Polkowice, has received a signed annex of 31st October, 2019, to the agreement for a multi-purpose credit line of 15th October 2014 (the “Agreement”) with Bank Polska Kasa Opieki S.A. (hereinafter referred to as: the “Bank”) headquartered in Warsaw, at ul. Grzybowska 53/57, of which the Company had informed in current report (CR) no. 51/2014 of 16th October 2014.
Via this annex the multi-purpose credit line granted up to the total amount of PLN 600,000,000.- up to the date of 31.10.2019 becomes subject to amendment by reducing the limit amount and, during the period from the date of 01.11.2019 to the date of 30.11.2019, it will be of PLN 500,000,000.-, from the date of 01.12.2019 to the date of 20.12.2019, it will be of PLN 400,000,000.-, and, from the date of 21.12.2019 to the date of 31.10.2021, it will be of PLN 300,000,000,-. Furthermore, the credit line has been extended via the annex up to the date of 31st October 2020, and the expiry date of Guarantees/Letters of Credit being applied for cannot extended beyond the date of 31st October 2021.
The remaining conditions have not become subject to amendments and do not deviate from the commonly applicable conditions for this type of agreements.
The Annex to the Agreement is concurrent with the previously-communicated policy of the Company, the goal of which is to lower the participation of short-term financing for a significant increase of long-term financing.
The Issuer is in the period of finalising the signature of agreements pertaining to long-term financing and will be informing about subsequent steps via an appropriate reporting procedure.
The Issuer’s Management Board has decided to publish the aforementioned information due to the significant value of the agreement.
Signatures:
1/ Marcin Czyczerski - President of the Management Board
2/ Karol Półtorak - Vice-President of the Management Board