2010-07-20
Current report no 29/ 2010 - Signing an annex to the framework agreement with ING Bank Śląski S.A.
The Board of HYDROBUDOWA POLSKA S.A. ("The Issuer”) informs that on the 20th of July 2010 it received information of signing an annex on the 8th of July 2010 to the framework agreement signed on the 6th of September 2007 between ING Bank Śląski S.A. and Companies of the PBG Capital Group ("The Debtors”), namely:
PBG S.A., HYDROBUDOWA POLSKA S.A., HYDROBUDOWA 9 S.A., AVATIA Ltd., PBG Technologia Ltd. and INFRA S.A. which remains outside of the Capital Group, regarding the credit limit up to a sum of 220 000 000,00 PLN.
By virtue of the signed annex the period for using the assigned credit line was extended to the 13th of September 2010.
In association with extending the credit limit payment time, the Debtors declared willingness to submit to the execution of up to a sum of 330 000 000 PLN with the possibility of the Bank to append the bank execution title an enforcement clause until the 13th of September 2010.
Other significant agreement provisions remain unchanged.
The framework agreement with ING Bank Śląski S.A. was described in the current report no 5/2007 from the 6th of September 2007 and further updated in current reports no 01/2008 from the 3rd of January 2008, no 34/2008 from the 7th of April 2008, no 114/2008 from the 10th of September 2008, no 02/2009 from the 8th of January 2009, no 36/2009 from the 6th of July 2009, no 43/2009 from the 21st of August 2009, no 49/2009 from the 14th of September 2009 and no 52/2009 from the 19th of October 2009.
The reports are available at the Issuer’s website at the address: http://hbp-sa.pl/relacje-inwestorskie/raporty-biezace.html
Legal foundation:
Art. 56 item 5 of the Public Offer Act – information update
