Legal basis: Article 17 section 1 MAR – Inside information.
Contents of the report:
The Management Board of Boryszew S.A. (“Company”, “Issuer”) in reference to the information provided in Current Reports No. 18/2020 of June 24, 2020 and No. 27/2020 of September 1, 2020 and in periodic reports for Q1 2020 and H1 2020, on exceeding the level set in loan agreements:
informs that on November 2, 2020, in the evening, an agreement was concluded with the last of the banking institutions financing the Company’s operations on the withdrawal from any sanctions resulting from loan agreements related to the breach of the above-mentioned financial covenants for Q1 2020 and H1 2020.
Bearing the above in mind, the Issuer indicates that as at the date of the conclusion of the above agreement, all banks financing the activities of the Issuer’s Capital Group express approval for higher levels of ratios or temporary suspension of their testing in subsequent quarters of this year.
The Company explains that:
The above definitions and methodologies for their calculation are the same as the definitions and methodologies for calculating these ratios in the Issuer’s previous periodic reports.
Piotr Lisiecki – President of the Management Board
Translation from the original Polish version.
In the event of differences resulting from the translation, reference should be made to the official Polish version.