Signing of an annex to a significant agreement
(Current report No. 58/2017)
23.10.2017 / Issuer /
Legal basis:
Article 17 sec. 1 MAR - confidential information
The Management Board of CCC S.A. (the Issuer) hereby informs that on 23 October 2017, they signed an annex with PKO BP S.A., with its registered office in Warsaw, at 15 Puławska Street, 02-515 Warszawa, to the loan agreement in the form of multi-purpose credit limit as of 28 October 2010, about which the Issuer informed in the current report CR No. 49/2010 as of 29.10.2010.
This annex hereby increases the amount of multi-purpose credit limit for own bank guarantees traded domestically and abroad up to the amount of PLN 40,000,000.00 (a previous value: PLN 20,000,000.00) and extends the period of validity of the limit granted and the period of its utility until 29 May 2018 (a previous date: 26 October 2017).
The remaining provisions of the agreements have not changed significantly and do not differ from the market conditions for such types of agreements.
Total exposure of PKO BP SA to CCC S.A. will amount to a maximum of PLN 260,000,000.00.
The highest value agreement is a multi-purpose credit line agreement for the amount of PLN 220,000,000.00 concluded between the subsidiary CCC.eu Sp. z o.o. and PKO BP S.A. on 30 May 2016, as described in the current report No. 24/2016 as of 30 May 2016, amended by the annex signed on 8 May 2017 of which the Company informed in current report No. 27/2017 as of 16 May 2017.
The Issuer's Management Board hereby decided to publish the above mentioned information due to the significant value of the agreements.