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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

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Current report 29/2015 Loan contract conclusion

The Management Board of Suwary S.A. (“Company”, “Suwary”) in relation to current report no. 25/2015 dated 30 September 2015 informs that on 30 October 2015 the Company and ONICO Trade Mark Spółka z ograniczoną odpowiedzialnością IPR Spółka komandytowo-akcyjna, entered in the Register of Entrepreneurs under number 0000477296, NIP (Tax Identification Number) 524-276-28-74, REGON (National Business Registry Number) 146876710 (“Lender”), concluded a loan contract, on the basis of which the Lender shall grant to the Company a Loan in the amount of PLN 44 820 000 (forty-four million eight hundred twenty thousand zloty) for the period of 5 years from the date of issuing the subject of the loan, interest in the amount of WIBOR 1M + 3% shall be payable monthly. The Loan is to be issued by the Lender to the Company until 31 October 2015. In the loan contract the Parties indicated that in lieu of transferring the ownership to the monies under the loan contract, pursuant to Article 453 of the Civil Code, the Lender’s enterprise consisting of, e.g. Production Plant in Bydgoszcz, whose main object of activities includes processing plastics and the production and maintenance of tools for injection machines, may be released.

The President of the Management Board of the Company is Mr. Walter T. Kuskowski, who is simultaneously the President of a three-person management board of the general partner of the Lender, i.e. Wentworth Central Spółka z ograniczoną odpowiedzialnością in Poniatowa, entered in the Register of Entrepreneurs under number 0000577770, NIP (Tax Identification Number) 7171831042. Mr. Walter Kuskowski is the dominant entity of higher level both as regards the Company and the seller. 

The Contract shall include no liquidated damages or terms and conditions.

The criterion of deeming the contract meaningful is the amount of own capital of SUWARY S.A.

2015-10-30

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