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Concluding an annex to Cooperation Agreement with mBank S.A.

02-08-2017 13:49

Report no.: 15/2017

Legal basis: Art. 17 Clause 1 MAR - inside information.
 
CONTENT OF THE REPORT:
The Management Board of Izostal S.A. (Company), with reference to the current report no. 28/2016 of July 1, 2016 informs that on August 2, 2017 the Company concluded an annex with mBank S.A. (Bank) seated in Warsaw to Cooperation Agreement (“Agreement”) for the amount of PLN 70,000,000.00.
As a result of the above mentioned, period of utilizing the overdraft is extended from June 28, 2019 to June 29, 2020.
In connection with the annex, the Company shall be able to use the following banking products:
•   non-renewable working capital facilities in PLN, EUR and USD currencies up to PLN 70,000,000.00,
•   renewable working capital facilities in PLN, EUR and USD currencies up to PLN 70,000,000.00,
•   guarantees in PLN, EUR and USD currencies up to PLN 70,000,000.00,
•   letters of credit without advance coverage in PLN, EUR and USD currencies up to PLN 70,000,000.00.

Other material terms of the agreement have not changed.
According to the company's knowledge there are no interrelations between Izostal S.A. and persons managing or supervising the Company and the Bank.

The conclusion of the annex was considered as inside information because of the value of the banking product made available to the Company.

SIGNATURES OF PERSONS REPRESENTING THE COMPANY:
Management Board President, Marek Mazurek 2017-08-02
Proxy, Marek Matheja 2017-08-02
 
INFORMATION ON THE ENTITY:
Full name of the issuer: IZOSTAL SPÓŁKA AKCYJNA
Abbreviated name of the issuer:  IZOSTAL S.A.
Sector based on the classification of Warsaw Stock Exchange: Other industry
Address: 47-113 Kolonowskie  Opolska 29
Telephone: +48 77 405 65 00
Fax: +48 77 405 65 01
e-mail: info@izostal.com.pl
www.izostal.com.pl
VAT No. [NIP]: 756-00-10-641
Statistical No. [REGON]: 530884678
 

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