RB 65/2018
Date: 04 July 2018
Subject: Loan agreements in Benefit Systems’ capital group
Legal basis:Art. 17 item 1 of MAR – confidential information
The Management Board of Benefit Systems S.A. with its registered office in Warsaw (the “Issuer”) informs that on 4 July 2018 a loan agreement ("Loan agreement") was concluded between the Issuer (“Lender”) and Fitness Place sp. z o.o. with its registered office in Warsaw ("Borrower"), in which the Issuer indirectly holds 100% stake, in the amount of PLN 5.0 million. As a result of this agreement the total value of loans concluded between the Lender and the Borrower in the last 12 months (including repayments made) has reached PLN 55.4 million.
The loan amount will be distributed in tranches in accordance with the Borrower's needs. The interest rate on the loan is floating and was determined on market terms. The loan is to be repaid by 31 December 2022. The loan agreement does not include any conditions precedent, conditions subsequent and contractual penalties. Other terms of the Loan Agreement do not differ from those commonly used in this type of agreements.
The loan will enable the Borrower to finance its current operations.
Date | First name and surname | Position/function |
---|---|---|
04 July 2018 | Izabela Walczewska-Schneyder | Member of the Management Board |
04 July 2018 | Emilia Rogalewicz | Member of the Management Board |