Current report no : 34/2013
Report date : 11/6/2013
Abbreviated name : Ciech SA
Subject : Conclusion of a significant agreement by its subsidiaries - the loan
Legal basis : Art. 56 sec. 1 point 2 of the Act on Offering – current and periodic information
Report :
CIECH S.A. announces that it gained knowledge that on 6th November 2013, Verbis ETA Spółka z ograniczoną odpowiedzialnością S.K.A., and Turia Sp. z o.o. – the Issuer’s subsidiaries – concluded a loan agreement
According to the Loan Agreement, the Loan is granted for 5 (five) years from the date of the Loan Agreement, with a possibility of early repayment of the whole or a part of the principal amount of the Loan.
The interest rate on the Loan is fixed at WIBOR6M + margin of 5.85% p.a., payable semi-annually, where the first interest period will run from the date of transfer of the amount of the Loan (i.e. no later than 30 days from the date of the Loan Agreement) to 30 June 2014.
The agreement is not concluded subject to any condition or term and does not include contractual penalty clauses or conditions different from those commonly used in this type of contracts.
The relations between the Issuer and Verbis ETA S.K.A. and Turia Sp. z o.o. were announced by the Issuer in current report No. 33/2013 dated 5th November 2013.
The criterion for considering the agreement to be significant: § 2 section 1 point 44 letter a) of the Regulation of the Minister of Finance of 19 February 2009 regarding current and periodic information (...) - the subject of each of the aforementioned agreements has a value of at least 10% of the equity capital of the Issuer.
Legal basis: Article 56 section 1 point 2 of the Law of 29 July 2005 on Public Offering and […] on Public Companies, and § 5 section 1 point 3 and § 9 with reference to § 2 section 1 point 44) of the Regulation of the Minister of Finance of 19 February 2009 regarding current and periodic information […].
Type of occurrence: § 5 section 1 point 3 of the Regulation of the Minister of Finance of 19 February 2009 regarding current and periodic information […] - conclusion of a significant agreement.
Signatures of the Company’s Representatives : Dariusz Krawczyk – President of the Management Board
