Investor Relations news

GENERAL MEETING

THE SUWARY SPÓŁKA AKCYJNA MANAGEMENT BOARD NOTICE OF CONVENING AN ORDINARY GENERAL MEETING OF SHAREHOLDERS TO BE HELD AT 1 PM, ON MARCH 8, 2017 IN PABIANICE, PIOTRA SKARGI 45/47

15.02.2017

more >>

GROUP COMPANIES

Home » Investor Relations » Reports » Current reports


Correction of the current report 27/2016 - The conclusion of the agreement for revolving credit in EUR by the subsidiary Kartpol Group Sp. z o.o.

In relation to the current report no 27/2016 dated 12.12.2016, we correct an obvious mistake in the name of the bank with which the overdraft agreement was concluded. An incorrect name of the bank "Bank BNP Paribas Spółka Akcyjna", with its registered seat in Warsaw, was given in the report 27/2016. The correct name of the bank is "Bank BGŻ BNP Paribas Spółka Akcyjna", with its registered seat in Warsaw. We also inform that the term "Borrower" used in the original version of the report refers to Kartpol Group Sp. z o.o.

The rest of information included in the current report no 27/2016 remain unchanged.

The correct text of current report 27/2016 reads as follows:

 

Management Board of SUWARY S.A. ("Issuer") informs that on this day 12.12.2016 an overdraft agreement (“Agreement”) (“Credit”) in PLN no WAR/3060/16/318/CB with the bank "Bank BGŻ BNP Paribas Spółka Akcyjna" with its registered office in Warsaw (“Bank”) was concluded by Kartpol Group Sp. z o.o., subsidiary of the Issuer.   

The Agreement was concluded for the period of 120 months from the day of its conclusion.

The total value of the Agreement is of EUR 400.000 The funds from the credit will be used for financing the current activity of Kartpol Group Sp. z o.o.

The interest of the credit is variable and constitutes EURBOR for 3-month deposits plus the margin of the bank.

The collateral for the credit comprises:                                       

  1. blank promissory note issued as security with the promissory note declaration
  2. guarantee according to the civil law granted by WENTWORTH TECH Spółka z ograniczoną odpowiedzialnością, with its registered office in 24-320 Poniatowa, ul. Przemysłowa 19, KRS no 0000042844, up to the amount of EUR 600,000.00
  3. guarantee according to the civil law granted by „AMHIL EUROPA” Spółka z ograniczoną odpowiedzialnością, with its registered office in 84-110 Krokowa, Kartoszyno, ul. Okrężna 3, KRS no 0000036122, up to the amount of EUR 600,000.00
  4. declaration of the Borrower of the submission to execution pursuant to the Article 777 §1 point 5 of the Civil Procedure Code on the obligation to pay off the monetary liabilities resulting from the Agreement, up to the amount of EUR 600,000.00 rendered enforceable until 30.11.2029
  5. declaration of WENTWORTH TECH Spółka z ograniczoną odpowiedzialnością (the Guarantor) of the submission to execution pursuant to the Article 777 §1 point 5 of the Civil Procedure Code on the obligation to pay off the monetary liabilities resulting from the Guarantee Agreement, up to the amount of EUR 600,000.00 rendered enforceable until 30.11.2029
  6. declaration of „AMHIL EUROPA” Spółka z ograniczoną odpowiedzialnością (the Guarantor) of the submission to execution pursuant to the Article 777 §1 point 5 of the Civil Procedure Code on the obligation to pay off the monetary liabilities resulting from the Guarantee Agreement, up to the amount of EUR 600,000.00 rendered enforceable until 30.11.2029
  7. declaration of the Borrower of the submission to execution pursuant to the Article 777 §1 point 4 of the Civil Procedure Code on the obligation to return the transferred object and the registered pledge rendered enforceable until 30.11.2029

The aggregate collateral of this credit and the credit which is announced by the Company on this day in the current report no 26/2016, comprises:

  1. silent assignment of the liabilities against the Bank upon trade receivables determined in the agreement
  2. aggregate mortgage up to the amount of PLN 6.500.000,00 (in words: six million five hundred thousand zloty) in favour of the Bank (as a priority) on:

- a real estate being a property of the Borrower, located in Wołomin, ul. Łukasiewicza, which comprises the parcel no 12/1, for which the District Court in Wołomin, 4th Land and Mortgage Register, keeps the land and mortgage register entry under no. WA1W/00016982/4 ("Real Estate no 1"),

- the right of the Borrower of the perpetual usufruct of the real estate in Wołomin, ul. Łukasiewicza, which comprises the parcel no 8/1, and related to it property right to the building which constitutes a separate real estate, for which the District Court in Wołomin, 4th Land and Mortgage Register, keeps the land and mortgage register entry under no. WA1W/00088230/3 ("Real Estate no 2"),

3.               registered pledge on fixed assets located in the plant in Wołomin, being a property of the Borrower, with the net value not lower than PLN 4.000.000,00

4.               the assignment of the rights from the insurance policy regarding the above-mentioned fixed assets in the total insurance amount not lower than PLN 4.000.000,00     

Moreover, the aggregate collateral of this credit and the credit which is to be announced by the Company on this which were announced by the Company in the current reports of this day no 23/2016, 24/2016, 25/2016 and 26/2016 comprises:

  1. the assignment of the rights from the insurance policy of the Real Estate no 1 in the insurance amount not lower than PLN 3.000.000,00 and Real Estate no 2 in the insurance amount not lower than PLN 1.900.000,00

According to the concluded agreement, the Credit will be granted if, amongst others, mBank provides the information necessary for refinancing of the current credit, transfer of current collateral of the credit and establishing new collaterals compliant with the requirements of the new Agreement with BNP Paribas.

In relation to the conclusion of the Overdraft Agreement with the bank "Bank BGŻ BNP Paribas Spółka Akcyjna", Kartpol Group Sp. z o.o. shall terminate the current overdraft agreement concluded with mBank Spółka Akcyjna (formerly BRE Bank).

Other provisions of the Agreement (including provisions for its termination) are consistent with those commonly used for this type of agreements. 

2016-12-19

<< back