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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 18/2016 Signing of an annex to a significant agreement

The Management Board of SUWARY S.A. (‘Company’) informs that on the present date the Management Board of the Company has signed Annex 7 (‘Annex’) to credit agreement No. 03/079/10/Z/VV on credit in PLN current account. The Annex extends the credit agreement on credit in PLN current account with mBank, which the Company was informing on in current reports No. 40/2010 dated of 14/09/2010, 38/2011 dated of 14/09/2011, 30/2012 dated of 12/09/2012, 22/2013 dated of 13/09/2014, 28/2013 dated of 07/10/2013, 28/2015 dated of 12/09/2014 and 17/2015 dated of 11/09/2015, for another year, to 11/09/2017. The total value of the annexed agreement amounts to PLN 7,000,000.00 (seven million zloty). The cash coming from the credit will be designated and used for financing of ongoing activity of Suwary S.A. The interest rate is equal to variable WIBOR rate for O/N interbank credits quoted on the date of use (rate update), with negative base rate it is equal to 0, increased by bank margin. The following elements constitute credit collaterals: blank bill of security with bill declaration, representation on submission to enforcement in the course of art. 777 § 1 point 5 of the Code of Civil Procedure up to the maximum amount of PLN 8,400,000.00, registered pledges on fixed assets of the total inventory value of PLN 7,453,902.93 PLN and contractual joint mortgage up to the amount of PLN 10,000,000.00 (ten million zloty) on the following real estates of the Company:

- land real estate constituting plots of land No. 404/1, 404/2 and 404/3, located in Pabianice, land and mortgage register (KW) No. LD1P/00004575/6 (current report 28/2013 dated of 07/10/2013);
- land real estate constituting plots of land No. 402/1, 402/2, 402/3 and 402/4, located in Pabianice, land and mortgage register (KW) No. LD1P/00005744 (current report 28/2013 dated of 07/10/2013).

Additional terms & conditions in relation to credit agreement No. 03/079/10/Z/VV on credit in PLN current account in mBank Spółka Akcyjna (current report 40/2013 dated of 14/09/2010) and later (current report 38/2011 dated of 14/09/201, current report 30/2012 dated of 12/09/2013, 22/2012 dated of 13/09/2014, 28/2013 dated of 07/10/2013, 28/2014 dated of 12/09/2014 and 17/2015 dated of 11/09/2015):

- representation on submission to enforcement in exchange of representations on voluntary submission to enforcement on the basis of bank enforcement title.

 

2016-09-08

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