Current report 50/20172017-12-22

Current report no. 50/2017

Title:

Conclusion of annex to the credit agreement with Bank Polska Kasa Opieki S.A.

Legal basis:

Art. 17 sec. 1 Market Abuse Regulation

Message:

The Management Board of the Issuer informs that on the 22nd December 2017 the Issuer was informed about signing by URSUS S.A. and Bank Polska Kasa Opieki S.A. with the seat in Warsaw of an annex to the multipurpose credit limit agreement concluded on the 11th December 2015, of which the Issuer informed in the current report no. 53/2015, 40/2016, 1/2017 and 15/2017.

According to the concluded annex, the duration of the agreement was extended till the 31st December 2018.

The other provisions of the credit agreement with Bank Polska Kasa Opieki S.A., including the types of security, remain unchanged.

The current outstanding amount of the above-mentioned credit is 21.677.036,05 PLN. The financial means of the credit are used for execution of the contract with the Tanzanian company National Development Corporation. 

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