Warsaw, dated 25 April 2016
27/2016
With reference to the current report No. 18/2011 dated 17 March 2011, the Management Board of Sygnity spółka akcyjna with its registered office in Warsaw ("Sygnity", "Company") informs that as of today the Company became aware that Deutsche Bank Polska spółka with its registered office in Warsaw ("Bank") signed an Amendment of 22 April 2016 to the Bank Loan Agreement of 17 March 2011 ("Agreement") under which the Bank renewed the multi-task credit facility in the amount of PLN 30,000,000.00 (thirty million zlotys) which may be used up to 31 March 2017. The Agreement may be renewed for further 12-months' periods after 31 March 2017, but not longer than up to 31 March 2022 . The purpose of this facility is to finance day-to-day operations of the Company by means of an overdraft and a bank guarantee cap.
The credit facility was offered on commercial terms which are no different from terms usually used for this type of agreements.
The value of the credit facility extends 10% of the equity of Sygnity and therefore falls into the definition of a material agreement.
Legal basis: par. 5 (1) (3) in conjunction with paragraph 9 of the Regulation of the Minister of Finance of 19 February 2009 on current and periodic information provided by issuers of securities and on conditions under which information required by legal regulations of a third country may be recognized as an equivalent (Dz.U. [Polish Journal of Laws] of 2009, No. 33, item 259 as amended).