Signing annexes to the significant contracts
(Current Report No. 62/2015)
04.11.2015 / 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. (hereinafter: the Issuer) announces that on 4 November 2015, the Issuer’s subsidiary, CCC.eu Sp. z o.o., based in Polkowice, received a signed annex of 30 October 2015 to the agreement on a multi-purpose credit limit of 15 October 2014 with the Bank Pekao S.A. (hereinafter: the Bank) with its registered office in Warsaw at 53/57 Grzybowska Street, on which the Company informed in the current report No. 51/2014 on 16 October 2014. This annex changed the credit limit to the total amount of PLN 255,000,000.00 (two hundred fifty five million PLN, 00/100), under which the Bank granted the Company a limit in the form of an overdraft facility up to a total amount not exceeding 200,000,000.00 PLN and in the form of bank guarantees or letters of credit up to a total amount not exceeding 5,000,000.00 PLN. The limit was extended until 31 October 2016, and the validity of the proposed Guarantees shall not extend beyond 31 October 2017.
With the change in the amount and validity of the limit value of the collateral of the agreement was changed in the form of a contractual mortgage up to the amount of PLN 255,000,000.00 on the right of ownership vested to an affiliated entity (CCC Factory Sp. z o.o.) as for the land located in Polkowice, for which the District Court in Lubin, V Division of Land and Mortgage Register keeps the mortgage register under the number KW LE1U/00049122/0 and sureties granted by the Issuer and the entities of the Capital Group: CCC Shoes & Bags Sp. z o.o. and CCC Factory Sp. z o.o. up to the amount of PLN 300,000,000.00 in respect of overdraft facility and 6,000,000.00 in PLN respect of bank guarantees and letters of credit - valid until 31 October 2020, together with the declaration of submission to enforcement by CCC.eu Sp. z o.o. and the above mentioned Companies up to the amount of 306,000,000.00 PLN with the possibility of the Bank to append the bank enforcement order the enforcement clause until 31 October 2020.
At the same time, on 4 November 2015, the Issuer received the annex to agreement of the opening of the guarantee line up signed with the Bank as of 30 October 2015, on which the Company informed in the current report No. 51/2014 on 16 October 2014.
This annex changed the period of ordering the provision of guarantees till 31 October 2016 and the date of expiry of the guarantee till 31 October 2017. With the change of the aforementioned periods the term of validity of granted guarantees of future liabilities given by the entities of the Capital Group was extended: CCC Shoes & Bags Sp. z o.o., CCC.eu Sp. z o.o. and CCC Factory Sp. z o.o. valid until 31 October 2019, together with the declaration of submission to enforcement by the Issuer and the aforementioned Companies with the possibility of the Bank to append the bank enforcement order the enforcement clause until 31 October 2019.
Other conditions are similar to those commonly used for this type of agreement.
The amount of equity accounts for contracts to be recognized as significant.
The total engagement of the Bank Pekao S.A. towards the CCC Group shall account for 260,000,000.00 PLN.
Legal basis: § 5 section 1 point 3 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 / Piotr Nowjalis - Vice President
2 / Mariusz Gnych - Vice President