30/2006: Material agreement conclusion
The Board of Directors of PBG S.A. hereby informs to have been notified on 6th April 2006 that on 1st February 2006 PBG S.A. and subsidiaries: ATG Sp. z o.o., Hydrobudowa Włocławek S.A., Infra Sp. z o.o., concluded a credit line agreement with Bank Millennium S.A..
The subject of the agreement is a maximum limit of PLN 57,250,000.00 granted to the Companies and covering the period until 9th July 2006.
The limit may be used in the form of short-term loans, guarantees, letters of credit, fiscal transactions, for which the parties must conclude detailed agreements.
The Bank shall receive remuneration for the granted products on the basis of market principles. Securities for transactions financed under the agreement shall be selected legal securities such as assignments of receivables arising from contracts, powers of attorney to manage current account in Bank Millennium, blank promissory notes. In the case of loans concluded by the Borrower other than PBG S.A., but still a party to this agreement, an additional security shall be a surety of PBG S.A.
The said agreement is considered material based on the total shareholders'' equity criterion.
Legal basis:
Article 5 item 1 point 1) of the Regulation of 19th October 2005 on current and interim information provided by issuers of securities
Signature of the authorised person:
Magdalena Eckert-Boruta
Pliki:
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