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Significant agreements
Report number: RB 17/2013 Report created: 2013-08-16
The Board of Directors of Alma Market SA (the "Company") hereby announces that today the Company has received signed:
1) an Annex no 3 to the overdraft facility agreement with the amount up to PLN 7 million and
2) an Annex no 5 to the working capital loan agreement with the amount of PLN 12 million
with BRE Bank SA with its seat in Warszawa (the "Bank"). As a result, the amount of all contracts concluded with the Bank within last 12 months, about which the Company has not previously informed in other current reports, meets the criteria of a significant agreement.
The agreement of the largest value is an Annex no 5 to the working capital loan agreement with the amount of PLN 12 million. The loan was granted to August 20th, 2014, bears interest at a variable interest rate of 1-month WIBOR increased by Bank margin. The loan is secured by blank bill of exchange issued by the Company, together with bill of exchange agreement and a real estate mortgage. Other provisions of the contract does not differ from those commonly used by the Bank for such agreements.
The value of all contracts concluded with the Bank in the last 12 months by the Company and subsidiary companies is PLN 27.6 million.
The criterion for recognizing the contract as a significant is that the total value of contracts concluded with the Bank in last 12 months exceeds 10% of Alma Market SA's equity.
