05sep2018
Current Report 29/2018
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 5 September 2018 the Company signed an annexe to working capital overdraft agreement No. U0003114448309 of 22/09/2016 with Alior Bank S.A. with its registered office in Warsaw ("Alior," the "Bank") (the credit agreement was described in current report No. 24/2016 of 22/09/2016). Based on the annexe, the PLN 16,000,000 credit term was extended for the next 12 months until 19/09/2019.
Credit renewal conditions include: delivery of the current certificate from the Social Security Agency, the Company's statement on not being in arrears with the payment of taxes to the tax office, delivery of a notarised statement by INPRO SA, within 14 days from signing the credit agreement, on submission to enforcement in the appropriate manner under Article 777 of the Civil Procedure Code up to PLN 32,000,000, and delivery of a current certificate from the tax office.
The remaining provisions of the credit agreement and credit grant conditions remained unchanged and, as indicated above, they were described in current report No. 24/2016 of 22/09/2016.
The Issuer's significant criterion for agreements is the considerable total value, on the Issuer's scale, 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, that value being PLN 45,900,000.
Detailed legal grounds: Article 17 par. 1 of the 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)
Credit renewal conditions include: delivery of the current certificate from the Social Security Agency, the Company's statement on not being in arrears with the payment of taxes to the tax office, delivery of a notarised statement by INPRO SA, within 14 days from signing the credit agreement, on submission to enforcement in the appropriate manner under Article 777 of the Civil Procedure Code up to PLN 32,000,000, and delivery of a current certificate from the tax office.
The remaining provisions of the credit agreement and credit grant conditions remained unchanged and, as indicated above, they were described in current report No. 24/2016 of 22/09/2016.
The Issuer's significant criterion for agreements is the considerable total value, on the Issuer's scale, 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, that value being PLN 45,900,000.
Detailed legal grounds: Article 17 par. 1 of the 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)
