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43/2017 “Concluding an annex to the revolving working capital facility credit agreement”

By 28 June 2017July 27th, 2021No Comments

Current report 43/2017

Confidential information

June 28, 2017

“Concluding an annex to the revolving working capital facility credit agreement”

The Management Board of CI Games S.A. with its registered office in Warsaw (“Company”) hereby informs, that today the Company signed an annex to revolving working capital facility credit agreement in Polish zlotys concluded with Polska Kasa Oszczędności Bank Polski S.A. with its registered office in Warsaw (“Bank”) dated May 27, 2015, as amended (“Credit agreement”) (“Annex”).

On the basis of the Annex, the Company and the Bank defined a schedule for credit repayment granted on the basis of Credit agreement. In accordance with the said schedule, the Company shall pay the credit in seven instalments, starting from June 29, 2017 till December 18, 2017, while on June 29, 2017 the Company shall repay PLN 5 million, at the end of each month from July till November 2017 the Company shall pay PLN 2.5 million, while on December 18, 2017 the Company shall repay the remaining credit amount. At the same time, on the basis of the Annex, the crediting period from the Credit agreement was extended till December 18, 2017. The remaining provisions of the annex do not differ from standard provisions of similar agreements concluded in business transactions.

The Annex provisions come into force on the day it is signed, subject to the Company repaying on June 29, 2017 the non-revolving working capital facility credit in foreign currency granted by the Bank, about which the Company informed by way of current report no. 14/2017 of February 22, 2017. At the same time, the Company’s Management Board confirms that the said credit in the amount of USD 2.5 million shall be repaid by the Company on time, that is till June 29, 2017. Moreover, on June 29, 2017 the Company shall make the payment of the first instalment towards repayment of revolving working capital facility credit resulting from the Annex in the amount of PLN 5 million, in accordance with the schedule referred to above.

At the same time, the Company’s Management informs, that as of June 28, 2017, that is before the repayment of the credits referred to above, the Company’s Capital Group’s bank accounts held in total PLN 30,778,198.00.

This information is considered confidential, due to the value of the Annex and its importance for the Company.

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