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  • Decision of the Company Management Board on the acceptance of the terms amending the overdraft in the current account and foreign currency accounts agreement concluded with Powszechna Kasa Oszczędności Bank Polski S.A. and signing an annex to the agreement

Decision of the Company Management Board on the acceptance of the terms amending the overdraft in the current account and foreign currency accounts agreement concluded with Powszechna Kasa Oszczędności Bank Polski S.A. and signing an annex to the agreement

The Management Board of Grupa Kęty S.A. (hereinafter referred to as the Company or the Issuer) informs that on 25 July 2022, it made a decision on the acceptance of the terms proposed by Powszechna Kasa Oszczędności Bank Polski S.A. (hereinafter referred to as the Bank) as regards amendment of the overdraft in the current account and foreign currency accounts agreement concluded with the Bank, about which the Issuer informed in the current report No. 42/2021 of 25 November 2021 (hereinafter referred to as the Agreement), and that an annex to the Agreement was signed together with the other borrowers under that Agreement.

Based on the annex:

  1. the overdraft amount will be increased by PLN 220 million, to PLN 400 million;
  2. the term of agreement will be extended as well as the term for drawing and repayment of the overdraft by July 2024.
  3. the interest on the loan will be determined per annum, at variable interest rate equal to the value of the reference rate plus the Bank margin.

The other terms and conditions of the amended agreement comply with those generally applicable to such agreements.