10/2012 - 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’s subsidiary: Przedsiębiorstwo Robót Kolejowych i Inżynieryjnych S.A. with its registered office in Wrocław (hereinafter referred to as: „PRKiI), after concluding, on 30 March 2012, Agreement for the investment credit, has concluded within 12 months from the date of conclusion of the abovementioned agreement, with Bank Zachodni WBK Spółka Akcyjna with its registered office in Warsaw (hereinafter referred to as: the ”Bank”), material agreements for a total value of PLN 61,000,000.00 (sixty-one million zlotys). The agreement with the highest value is:
Overdraft revolving credit agreement concluded between PRKiI and the Bank (hereinafter referred to as: the “Agreement”). Under the Agreement, the Bank granted a credit in the amount of PLN 23,000,000.00 (twenty three million zlotys) to finance the PRKiI demand for working capital, resulting from the implementation of the agreement within the task: Modernization of the E 30 railway line, Phase II section Zabrze - Katowice - Krakow, Tender No 1 - Modernization of sections: Jaworzno Szczakowa - Trzebinia (km 15.810 - 29.110, No. 133 railway line), Jaworzno Szczakowa - Sosnowiec Jęzor (km 0.000 - 6.847, No. 134 railway line), concluded on 30 November 2010 between the consortium of: PRKiI, Przedsiębiorstwo budownictwa kolejowego i inżynieryjnego INFRAKOL s.c., Przedsiębiorstwo Napraw i Utrzymania Infrastruktury Kolejowej w Krakowie sp. z o.o and PKP PLK S.A. (about which the Company announced in the current report No. 37/2010 of 30 November 2010), within the amounts and dates specified in the Agreement. The agreement was concluded on 29 November 2011.
Collaterals:
- Power of attorney to dispose, in the first place, of funds held on the bank accounts of PRKiI in the Bank;
- Assignment of claims from the abovementioned agreements
- Blank promissory note issued by PRKiI, together with the declaration of the promissory note’s issuer.
Interest on the credit shall be calculated by the Bank based on a variable WIBOR rate for one month interbank deposits, plus a fixed margin of the Bank.
No contractual penalties are provided for
Other terms and conditions of the Agreement are similar to those commonly used for these types of agreements.
As a criterion for recognition of the agreements to be material ones the fact was assumed that their amount exceeded 10% of the equity of Trakcja - Tiltra S.A.
Legal basis of delivery 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.
Back to list