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Significant contract
Report number: RB 11/2013 Report created: 2013-06-27
The Board of Directors of ALMA MARKET S.A. (“the Company”) announces that on day June 27th, 2013 the Company has signed an annex no. 14 to the credit agreement in the form of multipurpose credit limit with Powszechna Kasa Oszczędności Bank Polski Spółka Akcyjna (“the Bank”) with its registered seat in Warsaw. The subject of the annex is to extend the repayment of the credit from November 28th, 2013 to June 26th, 2016 and to increase the credit value up to PLN 50 millon.
Security for repayment of debt associated with the use of the multipurpose credit limit are: mortgages on real estate, registered pledge on fixed and current assets, blank promissory note with a declaration.
Bank grants to the Company within the credit in the form of multipurpose credit limit: sublimit in the form of an overdraft facility up to the amount of PLN 20 million, sublimit in the form of revolving credit to the amount of PLN 15 million and sublimit for bank guarantees to the amount of PLN 20 million.
The Company has informed about the credit agreement in the current reports No.: 43/2007, 17/2008, 44/2008, 14/2009 and 14/2010.
There are no capital nor personal relations between the Company and the Bank.
The agreement is considered significant is the total value of all contracts entered into by the capital group of Alma Market SA with the Bank in the past 12 months in excess of PLN 108 million, which exceeds 10% of the equity of the Company. The agreement with the highest value of PLN 55 million with the Bank entered into KRAKCHEMIA SA, which the Company has informed in the current report No. 15/2013 of June 17th 2013.
