Alma – delicatessen

Termination of contracts loan

Report number: RB 27/2016   Report created: 2016-10-11  

The Management Board of Alma Market SA (The "Company") announces the receipt of the termination of the loan agreements concluded with PKO BP SA with its seat in Warsaw ( "Bank") St. Puławska 15, 02-515 Warsaw.

Termination applies:
-Credit Agreement in the form of multipurpose credit limit on 27.06.2013, with subsequent amendments,
-Investment Loan in the Polish currency dated 04.03.2010, with subsequent amendments,
-Investment Loan in the Polish currency dated 24.09.2007, with subsequent amendments.
 
The reason for termination of the contracts is the threat of bankruptcy. The notice period is 7 days from the day following the day of receipt of the notice. Termination of the loan agreement is an obligation to repay the entire amount of the debt within the period of notice, which together with the interest as at October 3, 2016 year is a total of 60 884 107,17 PLN.

The above mentioned agreements, the Company informed in the current report No: 11/2013 dated 06/27/2013 of the year, 03/2010 dated 04.03.2010 of the year, 35/2007 dated 25.09.2007 of the year.

The criterion for considering the agreement as significant is the value of the agreement exceeds 20% of the equity of the Company.
 

Legal basis:
Art. 17 of the Regulation MAR