Alma – delicatessen

Significant agreements

Report number: RB O6/2015   Report created: 2015-10-20  

The Management Board of Alma Market S.A. (the "Company") hereby announces that on 19th October, 2015 the annex to loan agreement dated 2nd March, 2004 with mBank S.A. with its registered seat in Warszawa (the "Bank") has been signed by Krakchemia S.A. Notification concerning conclusion of this agreement was provided to the public within Krakchemia’s report no. 16/2015 of 19th October 2015. Due to above mentioned facts the amount of all contracts concluded by Alma Market S.A. and subsidiaries with the Bank within last 12 months, that has not been yet reported, meets the criterion of a significant agreement.

The agreement of the largest value, which was concluded with the Bank is an annex no 8 dated 18th August, 2015 with the amount of PLN 12 million. An annex extended the loan repayment period to 31st August, 2016. The loan bears interest at a variable interest rate on interbank loans WIBOR for 1-month in PLN increased by Bank margin. The loan is secured by blank bill of exchange issued by the Company, together with bill of exchange agreement and a real estate mortgage. Other provisions of the contract does not differ from those commonly used by the Bank for such agreements.

The value of all contracts concluded with the Bank within the last 12 months by the Company and subsidiary companies is PLN 25.7 million.

The criterion for recognizing the contract as a significant is that the total value of contracts concluded with the Bank in last 12 months exceeds 10% of Alma Market S.A.'s equity.