Alma – delicatessen

Significant loan agreement

Report number: RB 24/2011   Report created: 2011-11-10  

The Board of Directors of Alma Market SA (the "Issuer") hereby announces that on day November 9, 2011 the company entered into investment loan agreement with BRE Bank SA with its seat in Warszawa (the "Bank"). Its subject is the investment loan with a value of PLN 15.9 million for the purpose of financing and refinancing expenses for investments in new commercial premises made by the Issuer.

The loan was granted for the period from November 10, 2011 to December 31, 2018 and it 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 Issuer, together with bill of exchange agreement, registered pledges on the equipment of each of the financed investments and a real estate mortgage. Other provisions of the contract does not differ from those commonly used by the Bank for such agreements.

As a result of aforementioned  investment loan agreement, the value of all contracts concluded with the Bank in the last 12 months arose to PLN 34.9 million. Besides of the investment loan, total value consist of: amount from annex no. 3 to the working capital loan agreement as well as overdraft agreement.

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.