CurrentCurrent 2015Reports

14/2015 Concluding a material agreement with PKO BP S.A.

By 30 May 2021No Comments

2015-05-27 – Current report – 14/2015

 

Concluding a material agreement with PKO BP S.A.

 

Current report no.: 14/2015

Date: 2015-05-27

Issuer’s trading name: CI GAMES S.A.

Subject:Concluding a material agreement with PKO BP S.A.

Legal basis: Art. 56 para 1 point 2 of the Act on Public Offering – current and periodic information

 

Report content:

The Management Board of CI Games S.A., with its registered office in Warsaw (“Company”) hereby informs, that today the Company signed with Powszechna Kasa Oszczędności Bank Polski Spółka Akcyjna with its registered office in Warsaw, KRS number: 0000026438, NIP: 525-000-77-38, REGON: 016298263 (“Bank”) two credit agreements: credit agreement in a current account and an agreement on revolving solution in PLN, of total value of PLN 15,000,000.00 (in words: PLN fifteen million). Both agreements have been concluded for the period of two years. The subject of the credit agreement in a current account is granting the Company a credit of total value of PLN 5,000,000.00 (in words: PLN five million) to be used to finance current liabilities resulting from the conducted business activity of the Company. The subject of the agreement on revolving solution is granting the Company a revolving credit of total value of PLN 10,000,000.00 (in words: PLN ten million) to be used to finance the production of new titles of computer games published by the Company. Both credits are variable-rate loans, based on WIBOR rate, increased by the Bank’s margin and their interest rate is not higher than 1.8 pp. Collateral agreement for the credit in a current account consist of: 1) the guarantee in relation to the repayment of a loan within the portfolio de minimis guarantee facility; 2) registered pledge on Company’s bank accounts held in a Bank; 3) blank promissory note issued by the Company together with promissory note declaration; 4) clause of deduction of cash funds from all Company’s bank accounts held in a Bank. Collateral agreement for the revolving solution consists of: 1) registered pledge on Company’s shares in the total amount of 1,898,740 shares, owned by Mr Marek Tymiński – Company’s stockholder; 2) registered pledge on Company’s cash liabilities against three important Company’s contractors 3) registered pledge on Company’s bank accounts held in a Bank; 4) blank promissory note issued by the Company together with promissory note declaration; 5) clause of deduction of cash funds from all Company’s bank accounts held in a Bank. Other provisions of the agreements do not differ from those commonly applied to those kinds of agreements. Credit agreements, as described therein, were identified as agreements meeting the criteria of a material agreement, as the total value of the subject of these agreements exceeds 10% of Company’s equity. Legal basis: Art. 9 regarding Art. 5 (1) (3) of the regulation of Minster of Finance of 19 February 2009 on current and periodic information to be submitted by issuers of securities and on conditions for recognizing as equivalent information required by the laws of a non-Member State

 

Date Full name Position Signature
2015-05-27 Marek Tymiński President of the Issuer’s Management Board Marek Tymiński