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#Current report 34/2011

Current report 34/2011 

Subject:

Conclusion of the credit agreement with  BRE Bank S.A.

 Legal basis:

Article 56 paragraph 1 item 2 of the Act on Public Offering - current and periodic information

 Contents of the report:

The Issuer’s Board announces that on November 24, 2011 the POL-MOT Warfama SA concluded with BRE BANK S.A. with headquarters in Warsawan agreement of credit line for financing current activity. Lifetime of the agreementwas set forNovember 23, 2012. The limit line was set at the maximum amount to PLN 14 000 000. Within this limit, and four product / credit agreements, the bank released the Issuer following four products, each under a separate agreement:

a/ overdraft in PLN to the maximum amount of PLN 5.000.000,00;

b/ overdraft in EUR to the maximum amount of EUR 600.000,00;

c/ working capital facility in PLN to the maximum amount of PLN 3.000.000,00;

d/ working capital facility in EUR to the maximum amount of EUR 600.000,00;

Interest rate onthe loan is variable and is determined:

a/ overdraft facility in PLN on the basis of the reference rate WIBOR O/N plus a margin of the Bank,

b/ overdraft facility in EUR on the basis of the reference rate LIBOR O/N for EUR plus a margin of the Bank,

c/ working capital facility in PLN on the basis of WIBOR 1M plus margin of the Bank,

d/ working capital facility in EUR on the basis of EURIBOR 1M plus margin of the Bank,

The loan is secured by a general mortgage on real estate which is in perpetual usufruct of the Issuer, located in Lublin and Biedaszki Małe and buildings situated on property owned by the Company, promissory note along with the promissory note declaration and a statement of the Issuer of execution and assignment of rights under the property insurance, which established a mortgage.

Other conditions do not deviate from the standard, generally accepted at this type of loan agreements. The agreement of cooperation with four product agreements was considered significant because of the value of the contract, which exceeds 10% of the equity of the Issuer.

Legal basis:

Pursuant to § 5 section 1 point 1 and 3 in connection with § 9 of the Minister of Finance Regulation of 19 February 2009 on current and periodic reporting by issuers of securities and the rules of equal treatment of the information required by the laws of non-member states (Journal of Laws of 2009 No. 33, item 259, later amended)