24/2013 - Information on conclusion of material agreements
The Management Board of Trakcja S.A. (“Company”, “Issuer”) hereby informs that the Company and its subsidiary: Przedsiębiorstwo Robót Kolejowych i Inżynieryjnych S.A. with its registered office in Wroclaw, concluded with Alior Bank Spółka Akcyjna with its registered office in Warsaw (“Bank”) material agreements of the total value of PLN 95,000,000.00 (ninety five million zlotys), where the agreement of the greatest value is:
Annex to the agreement on revolving credit in credit account concluded between the Company and the Bank (the Company announced the conclusion of the Agreement in current report no. 18/2011 of 1 April 2011 in relation to current report no. 9/2012 of 23 March 2012) on 19 March 2013 (“Annex”). On the basis of the Annex, the Bank prolonged the crediting period for the credit up to PLN 60,000,000.00 (sixty million zlotys), until 31 March 2014.
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: property owned by the Company (right of perpetual usufruct) and property of the Issuer's subsidiary Przedsiębiorstwo Robót Kolejowych i Inżynieryjnych S.A. (right of perpetual usufruct), along with assignment of rights under insurance policies for the real estates referred to above;
- Civil law suretyship 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 a part of the receivables under a 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 9 modernization 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 provided for.
Other terms and conditions of the Annex are similar to those commonly used for this type of agreements.
An agreement is deemed to be a material agreement if its value exceeds 10% of the equity of Trakcja - Tiltra S.A.
Legal basis: § 5 paragraph 1 point 3 of the Ordinance of the Minister of Finance of 19 February 2009 on current and periodic information published by issuers of securities and conditions for recognising as equivalent information required by the laws of a non-member state.
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