45/2006: Granting a guarantee for payables of Hydrobudowa Śląsk S.A.
The Board of Directors of PBG S.A. hereby informs that on 12th May 2006 the Board was notified of granting a guarantee for payables of Hydrobudowa Śląsk under the credit agreement with Polska Kasa Opieki S.A. concluded on 5th May 2006. Pursuant to the said agreement, the Bank granted Hydrobudowa ?l?sk S.A. a loan of PLN 10,000,000.
PBG S.A. has committed to submission to enforcement proceedings and hereby agrees for Polska Kasa Opieki S.A. to issue a bank''s writ of execution covering claims under today''s guarantee up to PLN 20,000,000. The bank may issue the bank''s writ of execution and apply for executory clause by 30th April 2010.
PBG S.A. will not receive remuneration for the guarantee.
Hydrobudowa ?l?sk S.A. is a member of PBG S.A. Capital Group.
The said guarantee is considered material based on the total shareholders'' equity criterion.
Legal basis: Article 5 item and 7) of the Regulation on current and interim information provided by issuers of securities of 19th October 2005.
Signature of the authorised person:
Marcin Zboralski
Pliki:
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