Providing the guarantees by subsidiaries
(Current Report No. 55/2015)
29.09.2015 /The Issuer/
Legal basis:
Art. 56 sec. 1 point 2 of the Act on Public Offering - current and periodic information
The Management Board of CCC S.A.(The Issuer) announces that on 29th of September 2015 they received the signed Annex dated on 25th of September 2015 to the credit agreement in the current account dated on 3rd of December 2013 concluded with Bank Millennium S.A. with its registered office in Warsaw at 2A Stanisław Żaryn Street, 02-593 Warsaw.
The annex changed amount of jointly and severally guarantee provided to The Issuer by subsidiaries: CCC.eu Sp. z o.o. based in Polkowice, 6 Strefowa Street, 59-101 Polkowice and CCC Shoes & Bags Sp. z o.o. based in Warsaw, 19 Jan Paweł II Street, 00-854 Warsaw, in respect of secure the receivables of Bank arising from above-mentioned credit agreement, in the amount of PLN 25,000,000.00. The amount of guarantee was increased from PLN 25,000,000.00 to the amount of PLN 40,000,000.00. Guarantees was provided from 1st of October 2015 to 30th of March 2017.
Simultaneously the Company made a declaration of willingness to submit to execution pursuant to the Art. 97 of the Act of 29th of August 1997 – Banking Law.
In determining the value, exceeding the level of 10% of The Issuer’s equity was considered.
Legal basis: § 5 section 1 point 7 of the Decree of the Minister of Finance of 19th February 2009 on current and periodic information published by issuers of securities and conditions for recognizing as equivalent information required by the laws of non-member states.
Signatures:
1 / Mariusz Gnych - Vice President
2 / Piotr Nowjalis - Vice President