9/2012 - Information about the conclusion of material agreements
The Management Board of Trakcja - Tiltra S.A. (hereinafter referred to as: the “Company”), hereby announces that the Company and the Company’s subsidiary: Przedsiębiorstwo Robót Kolejowych i Inżynieryjnych S.A. with its registered office in Wroclaw have concluded with Alior Bank Spółka Akcyjna with its registered office in Warsaw (hereinafter referred to as: the “Bank”), material agreements for a total value of PLN 80,000,000.00 (eighty million zlotys), out of which the highest value agreement is:
Annex to the Revolving Overdraft Agreement concluded between the Company and the Bank (the Company announced conclusion of the Agreement in the current report No. 18/2011 of 1 April 2011), under the Annex the Bank extended term of the loan up to PLN 60,000,000.00 (sixty million), until 31 March 2013 (hereinafter referred to as the: "Annex"). The Annex also introduced a new consolidated text of the abovementioned agreement. The Annex was concluded on 23 March 2012;
Collaterals:
- Power of attorney to dispose of funds available at the Company's bank accounts in the Bank;
- Collective mortgage up to PLN 90,000,000.00 (ninety million zlotys) upon two real estates: upon the Company’s real estate (a perpetual usufruct right) and the Issuer’s subsidiary’s Przedsiębiorstwo Robót Kolejowych i Inżynieryjnych S.A. real estate (a perpetual usufruct right), including assignment of rights under insurance policies of the abovementioned real estates;
- Civil law surety by Przedsiębiorstwo Robót Kolejowych i Inżynieryjnych S.A. including the surety’s declaration of submission to enforcement pursuant to Art. 97 of the Act of 29 August 1997 Banking Law (Journal of Laws of 2002 No. 72 item 665, as amended).
- Confirmed transfer of part of receivables of the part of the agreement intended for the Company concluded by a consortium of companies in which the Company is the leader, with PKP PLK S.A. for “ line 9modernization works on the section from km 236.920 to km 287.700 included in the area of the local Control Centre with its registered office in Malbork"
The loan interest shall be charged by the Bank based on a variable WIBOR O/N rate, plus a fixed margin of the Bank.
No contractual penalties were established.
Other terms and conditions of the Annex are similar to those commonly used for this type of agreements.
As a criterion of recognition of the agreements as material agreements, the fact was adopted that their value exceeded 10% of the Trakcja - Tiltra S.A. company’s equity.
Legal basis of announcement of the report: § 5 paragraph 1 point 3 of the Regulation of the Minister of Finance dated 19 February 2009 on the current and periodic disclosures to be made by issuers of securities and conditions for recognition as equivalent of information whose disclosure is required under the laws of a non-member state.
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