Subject: Gobarto S.A. -RAIFFEISEN BANK POLSKA S.A. -execution of annexes to overdraft facility agreements by the Issuer - update of confidential information.
Date: 20/10/2016Legal basis: Art. 17 Point 1 of the MAR - submission of confidential information
Acting pursuant to Art. 17 Point. 1 of the Regulation of the European Parliament and of the Council (EU) No. 596/2014 of 16 April 2014 on Market Abuse (the Regulation on Market Abuse) and repealing Directive 2003/6/EC of the European Parliament and of the Council and the Commission Directive 2003/124/EC, 2003/125/EC and 2004/72/EC (OJ EU No. L 173/1), the Management Board of Gobarto
of Warsaw (hereinafter "the Company", "the Issuer") announces publicly information that is modification of the confidential information communicated in Current Report no. 17/2014 of 26 August 2014.
The Management Board of the Issuer informs that on 20 October 2016, the Issuer and Raiffeisen Bank Polska Spółka Akcyjna of Warsaw (hereinafter "the Bank") have concluded:
an Annex to the Loan Agreement of 22 August 2014 (hereinafter "the Loan Agreement") and
an Annex to the Debt Limit Agreement of 22 August 2014 (hereinafter "the Debt Limit Agreement").
The subject matter of the Annex to the Loan Agreement is modification of the collaterals given by the Issuer, which now include:
Authorization to the current account and other accounts of the Issuer with the Bank,
joint mortgage to the amount of PLN 75,000,000 (seventy-five million zloty) on:
real estates described in Land and Mortgage Register (KW) nos. SW1Z/00061892/5, KZ1R/00031638/1, PO1R/00044363/7, PO1R/00011149/1, PL1Z/00036737/8,
KR3I/00008483/7 and LM1W/00036217/4 as well as
perpetual usufruct of land, including ownership of any possible buildings and other facilities built on the land described in Land and Mortgage Register (KW) nos. LM1W/00023096/5, LM1W/00034273/0 and LM1W/00034288/8,
assignment of receivables from insurance agreements for the real estate described in Land and
Mortgage Registers (KW) Nos. LM1W/00023096/5, LM1W/00034273/0, LM1W/00036217/4, LM1W/00034288/8, KZ1R/00031638/1, PO1R/00044363/7 and PO1R/00011149/1, at least in respect of insurance against fire and other acts of God, in the coverage amount and at the insurer approved by the Bank.
a blank bill of exchange with a blank bill of exchange agreement.
The subject matter of the Annex to the Debt Limit Agreement is extension of the final term of repayment by 31 October 2018 and modification of the collaterals given by the Issuer, which now include:
Authorization to the current account and other accounts of the Issuer with the Bank,
joint mortgage to the amount of PLN 39,750,000 (thirty-nine million seven hundred fifty thousand zloty) on:
real estates described in Land and Mortgage Register (KW) nos. SW1Z/00061892/5, KZ1R/00031638/1, PO1R/00044363/7, PO1R/00011149/1, PL1Z/00036737/8, KR3I/00008483/7 and LM1W/00036217/4 as well as
perpetual usufruct of land, including ownership of any possible buildings and other facilities built on the land described in Land and Mortgage Register (KW) nos. LM1W/00023096/5, LM1W/00034273/0 and LM1W/00034288/8,
assignment of receivables from insurance agreements for the real estate described in Land and Mortgage Registers (KW) Nos. LM1W/00023096/5, LM1W/00034273/0, LM1W/00036217/4, LM1W/00034288/8, KZ1R/00031638/1, PO1R/00044363/7 and PO1R/00011149/1, at least in respect of insurance against fire and other acts of God, in the coverage amount and at the insurer approved by the Bank;
transfer of any existing and future debt (confirmed assignment) due to the Issuer from debtors selected and approved by the Bank;
transfer of any existing and future debt (silent assignment) due to the Issuer from debtors selected and approved by the Bank.
a blank bill of exchange with a blank bill of exchange agreement.