Current report no. 1/2018
Tuesday, January 9, 2018
Confidential information
“Concluding credit agreements with mBank S.A.”
The Management Board of CI Games S.A., with its registered office in Warsaw (“Company”) hereby informs, that today the Company signed with mBank Spółka Akcyjna with its registered office in Warsaw, KRS number: 00000025237, NIP: 526-021-50-88, REGON: 0012545524-00291 (“Bank”) two credit agreements: agreement for revolving credit facility in Polish zlotys and an overdraft agreement of the total value of PLN 35,000,000.00 (in words: thirty-five million zlotys). Revolving credit facility agreement has been concluded for a definite period till June 30, 2020. The overdraft agreement has been concluded for a definite period till January 29, 2020.
The subject of the revolving credit facility agreement is granting the Company a revolving credit of the total value of PLN 30,000,000.00 (in words: thirty million zlotys) to be used to finance the production of new titles of computer games issued by the Company. The subject of the overdraft agreement is granting the Company a credit of total value of PLN 5,000,000.00 (in words: five million zlotys) to be used to finance current business activity of the Company. Both credits are based on WIBOR rate, increased by the Bank’s margin and their interest rate amounts to 1.56 pp.
Collateral for the revolving credit facility agreement consists of: 1) registered pledge on the Company’s shares in the amount of 15,000,000, held by Marek Tymiński, Company’s shareholder; 2) blank promissory note issued by the Company together with promissory note declaration; 3) global transfer of liabilities to the Bank resulting from the agreements with selected Company’s partners.
Collateral for the overdraft agreement consists of: 1) loan repayment guarantee granted within the portfolio guarantee line de minimis; 2) blank promissory note issued by the Company together with promissory note declaration; 3) global transfer of liabilities to the Bank resulting from the agreements with selected Company’s partners; 4) registered pledge on the Company’s shares in the amount of 15,000,000, held by Marek Tymiński, Company’s shareholder.
Other provisions of the agreements do not differ from those commonly applied to those kinds of agreements.
Legal basis: art. 17 (1) as read with 7 (1) of the Regulation of the European Parliament and of the Council (EU) no. 596/2014 of April 16, 2014, concerning market abuse regulation (MAR).
Marek Tymiński – President of the Issuer’s Management Board
