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Significant contract
Report number: RB 15/2013 Report created: 2013-07-11
The Board of Directors of ALMA MARKET S.A. (“the Company”) announces that on day July 11th, 2013 the Company has signed an annex to the credit agreement in the form of investment credit with Powszechna Kasa Oszczędności Bank Polski Spółka Akcyjna (“the Bank”) with its registered seat in Warsaw.
The subjects of the annex area:
• granting of investment credit for the purpose of refinancing the investment in newly opened retail Alma Delicatessen up to PLN 14.1 MLN, to be used by 30 March 2014 and the repayment period to 31 December 2020 and
• extension of the maturity of the investment credit in the amount of PLN 11.0 million dated June 30th 2017 to December 31th 2020.
The investment credit bears interest at a variable rate WIBOR for 3-month deposits plus bank margin. Security of investment credit is a blank promissory note with a promissory note, registered deposit on fixed assets being the subject of the credit, ordinary and bail mortgages at the total amount of PLN 25 mln by virtue of the main receivables and in the scope of side services and the set-off clause of accounts held at the Bank.
The Company has informed about the annexed credit agreement in the current report no 03/2010.
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 133 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.
