The Management Board of Poznańska Korporacja Budowlana Pekabex S.A. (“Issuer”) informs that today the subsidiary of the Issuer – Pekabex Bet S.A. (The “Company”) concluded an agreement with Credit Agricole Bank Polska S.A. (The “Bank”), the detailed conditions of which are set out below:
Subject of the contract: The line within which the Company may use the loan and place orders for guarantees and letters of credit Value of the contract / amount of financing granted: the maximum amount of use of the line may be PLN 70,000,000 Purpose of concluding the agreement: financing the current operations of the Company and increasing the capability of issuing guarantees and letters of credit in connection with the current operations of the Company Financing end date: September 30, 2022. Main securities for the repayment of receivables: 1) assignment of contract receivables for the amount resulting from concluded contracts in the amount not lower than PLN 80,000,000.00; 2) a declaration of submission to enforcement pursuant to art. 777 § 1 point 5 of the Code of Civil Procedure in the form of a notarial deed on the basis of which the Company will be subject to enforcement up to the amount of PLN 84,000,000.00; Other terms of the agreement differing from the terms typical for this type of agreement: none Reason for considering the Information material: The value of the contract exceeds 5% of the Issuer’s consolidated equity according to the last published annual consolidated financial statements.