The conclusion of a significant agreement
(Current Report No. 10/2015)
05.03.2015 /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 4 March 2015 they received the information on receiving by the Subsidiary CCC.eu Sp. z o.o., based in Polkowice, the Multiproduct Agreement of 27 February 2015. with ING Bank Slaski S.A. with its registered office in Katowice at 34 Sokolska Street, 40-086 Katowice (hereinafter: The Bank).
Within the framework of the Agreement, the Bank provided CCC.eu Sp. z o.o. with a revolving credit limit in the maximum amount of 100,000,000.00 PLN (say: one hundred million 00/100).
The interest rate of this credit limit will be subject to variable interest rate WIBOR, plus the margin of the Bank.
Credit limit of the multiproduct agreement is provided for the period from 27.02.2015 to 28.01.2018.
Collateral of Bank claims arising from the Agreement are as follows:
- Contractual mortgage to the amount of 30,000,000.00 PLN on the property in Polkowice, at 4 Strefowa Street, owned by CCC Factory Sp. z o.o., under the Land and Mortgage Register (KW) no. LE1U / 00037606/0 together with the assignment of rights of the insurance policy,
- Registered pledge on commercial goods stocks owned by CCC SA together with the assignment of rights of the insurance policy, to the maximum amount of security: 150,000,000.00 PLN,
- Civil law guarantee to the amount of 100,000,000.00 PLN provided by CCC SA and CCC Shoes & Bags Sp. zo.o.
The Company CCC.eu Sp. z o.o. made a declaration of willingness to submit to execution to the amount of 151,500,000.00 PLN (say: one hundred and fifty one million and five hundred thousand) with the possibility from the Bank to append the bank enforcement order an enforcement clause until 5 March 2024. In addition, the companies CCC S.A. and CCC Shoes & Bags made a declaration of willingness to submit to execution to the amount of 100,000,000.00 PLN (say: one hundred million) with the possibility from the Bank to append the bank enforcement order an enforcement clause until 5 March 2024.
Other provisions of the agreements described above do not differ from those commonly used for this type of agreements. The amount of equity accounts for contracts to be recognized as significant.
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.