76/2009: Conclusion of an annex to the framework agreement with ING Bank Śląski S.A.
In relation to the current report number 64/2008 from 10th of September 2008, current report number 1/2009 from 8th of January 2009, current report number 46/2009 from 6th of July 2009, current report number 65/2009 from 21st of August 2009 and current report number 70/2009 from 14th of September 2009 (available under the website:http://www.pbg-sa.pl/en/investor-relations/current-reports.html),the Management Board of PBG SA informs about making information on 19th of October 2009 about conclusion on 9th of October 2009 an annex to the framework agreement dated on 6th of September 2007 concerning credit limit up to PLN 220 000 000,00 between Companies from the PBG Capital Group (“Borrower”): PBG SA, HYDROBUDOWA POLSKA SA, INFRA SA, HYDROBUDOWA 9 SA, AVATIA Sp. z o.o. and ING Bank Śląski SA.
By virtue of the concluded annex there has been prolonged, until 13th of August 2010, the period of using granted credit line and there has been excluded from that agreement PRIS Sp. z o.o. company ( due to excluding this Company from the PBG Capital Group).
In relation to the increase in maturity of the credit limit Borrowers declare their readiness to submit to execution to the amount of PLN 330 000 000,00, with the possibility of the Bank to give the title to the banking enforceability clause until 13th of August 2013.
There has also been extended the validity of a corporate guarantee issued by each of the Companies which are parties to this Agreement, to the amount of PLN 220 000 000,00.
Other terms of the agreement have not been changed.
Legal basis:
Art. 56 sec. 5 Act on the Offer – information update
Signature of an authorized person:
Magdalena Eckert-Boruta
Pliki:
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