The signing of a significant agreement (Current report no. 65/2012)
28.12.2012 / Issuer /
Legal basis:
Article 56. 1 point. 2 of the Act on Public Offering - current and periodic information.
The Management Board of NG2 S.A announces that the Company, on 28 December 2012, has received a signed copy of the Agreement for a limit of 21 December 2012 from BRE Bank S.A, with its seat in Warsaw, at Senatorska Street 18, of indeterminate duration. On the basis of the above. agreement, the Bank agreed to provide from 24 December 2012, the limit in the amount of PLN 10,000,000 (ten million). The security agreement constitute blank bill with a bill statement.
Other conditions are similar to those commonly used for this type of agreements.
The criteria of defining the agreement significant is the amount of the company’s own capital, taking into account the total value of agreements with BRE Bank SA for the last 12 months.
The involvement of BRE Bank SA in respect of given loans and guarantees amounts to 100,000,000 PLN (ninety million).
The agreement with the highest value is described in the current report RB No. 2/2010 dated on 08 January 2010r., regarding credit contract in the current account concluded with BRE Bank SA with its seat in Warsaw at Senatorska Street 18, of 23 December 2009, which value at the date of the report is PLN 55,000,000 (fifty-five million), after the change of the credited sum, made by annex of 27 February 2012, which the Company informed about in the current report RB 11/2012 dated on 29 February 2012.
This agreement is considered to be significant because it exceeds 10% of the own capital of the Issuer.
Legal Basis:
§ 5 act 1 point 3 of decree of the Minister of Finance dated on 19.02.2009, on current and periodic information provided by issuer of securities and conditions for recognizing, as equivalent the information required by law of the state which is not a member state.