54/2012: Termination of credit agreements by financing banks
The Management Board of PBG S.A. hereby reports that on June 11th 2012 it received the following notices:
1) from Nordea Bank Polska S.A. - a notice of termination of Credit Agreements No. FKR-PLN-ZOKK1-11-000012 and FKR-PLN-ZOKK1-11-000011 concerning an overdraft facility, dated March 22nd 2011, executed with APRIVIA S.A., PBG's subsidiary, in their entirety, within seven days from the date of service of the notice. The notice has been served on grounds of threatened insolvency of APRIVIA S.A.;
2) from Nordea Bank Polska S.A. - a notice of termination of Credit Agreement No. FKR-PLN-ZOKK1-10-000073 of November 19th 2010 and Credit Agreement No. FKR-PLN-ZOKK1-09-000011 concerning an overdraft facility, dated April 10th 2009, both executed with Hydrobudowa Polska S.A., PBG's subsidiary, in their entirety, within seven days from the date of service of the notice. The notice has been served on grounds of threatened insolvency of Hydrobudowa Polska S.A.;
3) from BZ WBK S.A. - a notice of termination, within seven days, of Overdraft Facility Agreement No. K0007256 of December 30th 2011 executed with PBG S.A., on grounds of loss of creditworthiness and filing of the insolvency petition;
4) from BZ WBK S.A. - a notice of termination, within seven days, of Overdraft Facility Agreement No. K0007258 of December 30th 2011 executed with Hydrobudowa Polska S.A., on grounds of its threatened insolvency;
5) from BZ WBK S.A. - a notice of termination, within seven days, of Overdraft Facility Agreement No. K0007257 of December 30th 2011 executed with Hydrobudowa Polska S.A., on grounds of its threatened insolvency;
6) from Raiffeisen Bank Polska S.A. - a notice of termination, within seven days, of Credit Limit Agreement No. CRD/L/25135/07 of September 2nd 2007 executed with PBG S.A. and its subsidiaries: Przedsiębiorstwo Inżynieryjne Metorex Sp. z o.o., Przedsiębiorstwo Drogowo-Mostowe DROMOST Sp. z o.o., Hydrobudowa 9 S.A. (currently Hydrobudowa Polska S.A.), PRID S.A., APRIVIA S.A., BETPOL S.A., and Hydrobudowa Polska S.A., in connection with the fact that in the bank's opinion the Company is under threat of insolvency.
Legal basis:
Art. 56.1.1 of the Public Offering Act – inside information
Pliki:
Full version of report (.pdf - 82,53 kB)