The signing of a significant contract and annex to the significant contract
(Current report no. 15/2013)
28.03.2013 / The Issuer /
Legal basis:
Article 56. 1 point. 2 of the Act on Public Offering - current and periodic information
The Management Board of CCC S.A. informs that the Company, on 28 March 2013, received a signed copy of the credit agreement dated on 27.03.2013r. and an annex dated on 27.03.2013r. to the Framework Agreement dated on 14.11.2012r. concluded with BRE Bank S.A. based in Warsaw at Senatorska Street 18.
The issue of the agreement is the revolving credit in the amount of PLN 30,000,000 (thirty million zloty) to finance the ongoing obligations resulting from its business activity. The credit will bear interest at a WIBOR variable interest rate plus a bank margin. The credit will be utilized within the period from 29.03.2013 to 18.04.2013. The repayment of credit is due on 27.03.2014. The agreement is secured by: A blank bill including bill of exchange agreement and a contractual joint mortgage on a real property located in Polkowice which is owned by the company. In addition, the Company made a declaration of voluntary submission to enforcement up to the amount of 40,000,000 PLN and a bank being able to granting the banking writ of execution enforceable by 31.12.2015r. Other terms of the agreement are similar to those commonly used for this type of agreement.
The factual annex to the Framework Agreement, which the Company informed about with a current Report no. 56/2012 of 28.11.2012 changed the maximum amount within the limit up to 15,000,000 PLN (previous value: PLN 5,000,000). Other provisions of the agreement have not been changed and do not diverge from the market conditions for this type of agreement.
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 134,000,000 PLN (one hundred and thirty four million).
The agreement with the highest value is described in the current report RB No. 2/2010 dated on 08.01.2010r., regarding credit contract in the current account concluded with BRE Bank SA based in Warsaw at Senatorska Street 18, of 23.12.2009, 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 27.02.2012, which the Company informed about in the current report RB 11/2012 dated on 29.02.2012 and a crediting period annexed on 21st December 2012 ( current report RB no. 64/2012). 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.