2010-08-27
Current report No. 36/ 2010 - Execution of Annex to Agreement with TUiR Allianz Polska S.A. on Provision of Contract-Related Guarantees
The Management Board of HYDROBUDOWA POLSKA S.A. ("the Issuer") hereby reports that on August 27th 2010 it was notified of the execution of an annex of July 22nd 2010 to the agreement on the provision of contract-related guarantees under a revolving credit facility concluded on June 5th 2007 between the PBG Group companies ("the Companies”), i.e.
PBG S.A., HYDROBUDOWA POLSKA S.A., HYDROBUDOWA 9 S.A. and Infra S.A. (no longer a member of the PBG Group) on the one side and TUiR Allianz Polska S.A. of Warsaw on the other side.
The annex extends, until December 31st 2010, the period in which TUiR Allianz Polska S.A. commits to issue to the Companies contract-related guarantees (bid bonds, performance bonds, defects liability bonds and advance payment guarantees).
Under the annex, the revolving credit facility’s limit was increased from PLN 80m to PLN 130m and the limit for a single guarantee was raised from PLN 20m to PLN 30m.
The other material provisions of the agreement have not been amended.
The information regarding the agreement on the provision of contract-related guarantees under a revolving credit facility executed with TU Allianz S.A. was presented in the Issuer’s information memorandum on series L shares (section 6.5.2.6.3) and subsequently updated in Current Reports No. 30/2009 of June 1st 2009 and No. 50/2009 of September 16th 2009.
The information memorandum and current reports are available at www.hbp-sa.pl
Legal Basis: Art. 56.5 of the Public Offering Act – update of information.
