RB 44/2018
Date: 2018-05-30
Subject: Loan agreements as part of the Benefit Systems capital group
Legal basis: Article 17(1) of the MAR – confidential information

The Management Board of Benefit Systems S.A. with its registered office in Warsaw ("Issuer") announces that
a loan agreement ("Loan Agreement") was concluded on 30 May 2018 by and between the Issuer ("Lender") and Fitness Management spółka z ograniczoną odpowiedzialnością with its registered office in Warsaw ("Borrower") whose sole shareholder is Fit Invest spółka z ograniczoną odpowiedzialnością with its registered office in Warsaw being a direct subsidiary of the Issuer. 

Under the Loan Agreement, PLN 7 000 000.00 is to be paid to the Borrower by 15 June 2018. 

The interest rate on the loan is variable and was determined on an arm’s-length basis. The loan is to be repaid by 29 February 2024. 

The loan is to allow the Borrower to discharge its fitness investment liabilities.

The signed Loan Agreement contains no suspensive and resolutive conditions, and does not provide for contractual penalties. The other conditions of the Loan Agreement do not differ from those commonly used in such agreements.

After concluding the Loan Agreement, the total value of loan agreements concluded between the Lender and the Borrower in the last 12 months has reached 
PLN 25.2 mln.