Signing of an annex to the agreement by a subsidiary of the Issuer
(Current Report No. 60/2016)
07.12.2016 /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. 7 December 2016, the subsidiary of the Issuer, CCC.eu Sp. z o.o., based in Polkowice, signed an annex to the agreement on a multi-purpose credit limit as of 15 October 2014 with the Polish Bank Pekao S.A. (hereinafter “the Bank”) with its headquarters in Warsaw at 53/57 Grzybowska Street, of which the Company informed in the current report CR No. 51/2014 as of 16 October 2014.
This annex changed the credit limit to the total amount of PLN 500,000,000.00 (five hundred million zlotys, 00/100); a previous value: PLN 355,000,000.00, under which the Bank granted a Company a limit in the form of an overdraft up to a total amount not exceeding PLN 495,000,000.00 and in the form of bank guarantees and letters of credit for a total amount not exceeding PLN 5,000,000.00 .
The limit was extended to 31 October 2018 and the validity period of the proposed Guarantees cannot extend beyond 31 October 2019.
With the change of the limit amount value of the collateral to the agreement was changed in the form of a contractual mortgage to the amount of PLN 500,000,000.00 on the ownership title enjoyed by an affiliated entity (CCC Factory Sp. z o.o.) for a land property located in Polkowice, for which the District Court in Lubin, V Department of Land and Mortgage Registry keeps a mortgage under the number KW LE1U/00049122/0.
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.
Signatures:
1/ Piotr Nowjalis - Vice-President of the Management Board
2/ Mariusz Gnych - Vice-President of the Management Board