The Management Board of Poznańska Korporacja Budowlana Pekabex S.A. (“the Issuer”) informs that the Issuer’s subsidiary – Pekabex Bet S.A. (“the Company”) has concluded today with Powszechna Kasa Oczędności Bank Polski S.A. with its seat in Warsaw (“the Bank”) an amendment (“the Amendment”) to a multi-purpose credit limit agreement of the 6th of March, 2017 (“the Agreement”), under which the Bank increased the amount of the multi-purpose credit limit granted to the Company to the amount of PLN 140.000,000, about granting of which the Issuer informed in particular in the current reports No. 5/2017 of the 6th of March, 2017, 23/2018 of the 10th of May, 2018 and 52/2019 of the 28th of October, 2019 and 13/2021 of the 15th of February 2021 r.
As part of the limit, PKO granted the Company sub-limits for an overdraft facility of up to PLN 15.000.000,00 PLN, for a revolving working capital loan of up to 35.000.000,00 PLN, and for bank guarantees in domestic and foreign transactions of up to PLN 140.000.000,00 PLN. The Amendment provides for an increase of the due amount repayment hedging provided by the Agreement, in particular by establishing the following hedging:
a) conventional mortgage up to the amount of PLN 235.043.479,00 established on the real estate located in Gdańsk, owned by the Issuer’s subsidiary – Kokoszki Prefabrykacja S.A. (“Kokoszki Prefabrykacja”), for which the District Court Gdańsk-Północ in Gdańsk, the 3rd Land Registry keeps KW no. GD1G/00249865/1 and
b) on owned by Kokoszki Prefabrykacja right of perpetual usufruct of the real estate located in Gdańsk, for which the District Court Gdańsk-Północ in Gdańsk, the 3rd Land Registry keeps KW no. GD1G/00057913/0, GD1G/00122621/3, GD1G/00266685/0,
2. an assignment of monetary receivables under the insurance agreement for buildings and structures located on the real estate referred to in point 1,
3. a registered pledge up to the amount of PLN 235.043.479,00 established on movable property, located on the real estate referred to in point 1, owned by Kokoszki Prefabrykacja, which includes fixed assets, intangible assets, current assets, as well asfixed assets, intangible assets, current assets, located on the real estate referred to in point 1, that Kokoszki Prefabrykacja would acquire after the date of conclusions of the pledge agreement,
4. an assignment of monetary receivables under the insurance agreement for movables property referred to in point 3,
5. a registered pledge up to the amount of PLN 235.043.479,00 established on a set of movables owned by the Company, marked as to the type, i.e. warehouse stock, located on the real estates referred to in point 1,
6. an assignment of monetary receivables under the insurance agreement for warehouse stock referred to in point 5,
7. a promissory note with a promissory note declaration issued by the Company and guaranteed by the Issuer
8. a quiet assignment of monetary receivables of the Company – not less than 22% of the available Limit,
9. a conventional mortgage up to the amount of PLN 210.000.000,00 established on:
a) share no. 5 in the perpetual usufruct right to the land in the amount of 3/9,located in BielskoBiała, owned by the Issuer which the District Court in Bielsko Biała, the 7rd Land Registry keeps KW no. BB1B/00104064/2 b) perpetual usufruct of land and ownership of buildings erected thereon and constituting separate properties, located in Bielsko – Biała, for which the District Court in Bielsko – Biała, 7th Land Registry keeps KW no. BB1B/00104061/1
10. an assignment of monetary receivables under the insurance agreement for buildings and structures located on the real estate referred to in point 9;
11. a Company’s declaration of voluntarily submission to enforcement made in a notarial deed pursuant to Article 777 (1) (5) of the Code of the Civil Procedure up to the amount of PLN 182.000.000,00 in relation to which the Bank will be able to apply for an enforceability clause to be incorporated by the 6th of March, 2035 Other terms and conditions of the Amendment do not deviate from those typical for this contract type. The reason for deeming the Information material: The Information has been deemed material due to the fact that the Amendment value exceeds 5% of the value of the Issuer’s consolidated equity according to the last published annual consolidated financial statements;