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Signing an annex to the loan agreement.

Current Report No. 15/2017

Legal Basis - Article 17, par. 1 MAR - confidential information.


In reference to the information contained in Current Report No. 18/2016 concerning the conclusion of annexes to credit agreements, the Management Board of the PEPEES S.A. Food Industry Company (the Company, the Issuer) informs about the signing of another annex to the multi-purpose loan line agreement concluded between the Issuer and its subsidiaries, i.e. Zakłady Przemysłu Ziemniaczanego "Lublin" Sp. z o.o. (Lublin), and Przedsiębiorstwo Przemysłu Ziemniaczanego Bronisław Sp. z o.o. (Bronisław), and Bank BGŻ BNP Paribas S.A. (Annex) on 21 June, 2017.

Under the Annex, the amounts of limits available under the renewable and non-renewable loans have been changed, as a result of which the total value of the loan limit granted to the Issuer and its subsidiaries currently stands at PLN 37 million. The Annex has changed the renewable loan limit so that currently the renewable loan granted to the Issuer, Lublin and Bronisław amounts to PLN 3.75 mln, PLN 1.125 mln, and PLN 1.125 mln, respectively, whereas the non-renewable loans granted to the Issuer, Lublin and Bronisław are, respectively, PLN 15 mln, PLN 1.5 mln, and PLN 9.5 mln. The Annex has not introduced changes to the scope of the overdraft and in accordance with the original provisions of the agreement with Bank BGŻ BNP Paribas S.A., the overdraft granted to the Issuer, Lublin and Bronisław amounts to PLN 4 million, PLN 0.5 million and PLN 0.5 million, respectively.

In addition, under the Annex, the scope of the non-renewable loan has been extended to include financing and refinancing of the purchase of potatoes and financing of seed potatoes for farmers.

The other terms of the multi-purpose loan line agreement have not been changed significantly, which would deviate from the standard terms used in such agreements.
Signatures of persons representing the company

President of the Management Board Wojciech Faszczewski 21/06/2017
Member of the Management Board Tomasz Rogala 21/06/2017

Thu 06, July 2017 by: Przemysław Modzelewski