The Management Board of Boryszew S.A. (Company) informs that the Company has got the decisions from the District Court of capital city of Warsaw in Warsaw, XI Commercial Department – Registry of pledges informing about an entry to the pledges register of securities admitted to public trading.
The subject of the pledge are:
– 1,796,554 units of shares of Boryszew S.A. belonging to Boryszew S.A.
– 2,291,336 units of shares of Impexmetal S.A. belonging to Boryszew S.A.
The pledge has been established for the benefit of Alior Bank S.A. with the seat in Warsaw to the highest amount of guarantee of EUR 24,000,000.00 as a security of the receivables of the bank, in respect of:
– Credit Agreement regarding revolving credit in the credit account of 14 April 2015 for the amount of EUR 3,000,000.00, with further amendments .
– Credit Agreement regarding current credit of 29 January 2016, for the amount of EUR 9,000,000.00,
The nominal value of 1,796,554 units of shares of Boryszew S.A. being the subject of pledge amounts to PLN 1,796,554 and their balance value in the books of Boryszew S.A. as at 31 December 2015 amounts to PLN 11.6 million.
The above mentioned shares constitute 0.75 % of share capital of Impexmetal S.A. and give 0.75 % of votes at the General Meeting.
The nominal value of 2,291,336 units of shares of Impexmetal S.A. being the subject of pledge amounts to PLN 916,534,40 and their balance value in the books of Boryszew S.A. as at 31 December 2015 amounts to PLN 5.1 million.
The above mentioned shares constitute 1.15 % of share capital of Impexmetal S.A. and give 1.15 % of votes at the General Meeting.
There are no affiliations between Boryszew S.A. and its managers or supervisors and Alior Bank S.A. and its managers.
Criterion for the base of recognizing assets as assets of great value – the value of shares being the subject of pledge, in the day of this information, exceeds the equivalence of EUR 1.0 million.
Piotr Szeliga – 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.