Current Report 26/2023

Signing of a significant agreement with Alior Bank SA
Only the Polish version of this document is legally binding.
This translation is provided for information only.
Every effort has been made to ensure the accuracy of this publication.

The Management Board of INPRO S.A. (the “Company”) with its registered office in Gdańsk informs that on 05 December 2023 the Company signed an annexe to working capital credit agreement No. U0003114448309 with Alior Bank S.A. with its registered office in Warsaw (“Alior”, the “Bank”) (the credit agreement was described by the Company in current reports Nos. 24/2016 of 22/09/2016, 25/2017 of 21/09/2017, 29/2018 of 05/09/2018, 22/2019 of 16/09/2019, 25/2019 of 14/10/2019, 31/2020 of 16/10/2020, 30/2021 of 15/11/2021 and 31/2022 of 08/11/2022). Based on the annexe, the PLN 15,000,000 credit term was extended (credit having been reduced from PLN 16,000,000) to 04/12/2025. In the annexe, legal credit security was changed from the combined mortgage up to PLN 24,000,000 established on real property owned by INPRO SA to the guarantee of the Crisis Guarantee Fund up to 80 % of the credit awarded (i.e. the guarantee up to PLN 12,000,000) for 27 months (to 04/03/2026).

The credit renewal conditions include the submission of the current certificate from the Social Security Agency and competent Tax Office, and the submission of a blank promissory note of INPRO S.A. with a promissory note declaration. 

The remaining provisions of the credit agreement and credit grant conditions remained substantially unchanged and, as indicated above, they were described in current reports with the following numbers: 24/2016, 25/2017, 29/2018,  22/2019, 25/2019, 31/2020, 30/2021 and 31/2022. 

The Issuer's significance criterion for agreements is the amendment of the agreement previously considered significant (and the total value of the object of the agreements concluded by the entities belonging to the INPRO Corporate Group with Alior S.A. during the last 12 months being PLN 69,100,000).

Detailed legal grounds: Article 17(1) of Regulation of the European Parliament and of the Council (EU) No 596/2014 of 16 April 2014 on market abuse (the market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC (also referred to as the MAR).