RB: 91/2018 
Date: 21 November 2018
Umowa pożyczki w ramach grupy kapitałowej Benefit Systems
Legal basis: art. 17 Item 1 of MAR - inside information

Loan agreement within Benefit Systems’ capital group

The Management Board of Benefit Systems S.A. with its registered seat in Warsaw (hereinafter, the “Issuer”) informs that on 21 November 2018 a loan agreement in the amount of PLN 10.0mln was concluded ("Loan agreement") between the Issuer (“Lender”) and Fitness Management sp. z o.o. with its registered seat in Warsaw ("Borrower"). Fit Invest sp. o.o., in which the Issuer directly holds a 100% stake is the only shareholder in Fitness Management sp. z o.o. As a result of this agreement the total value of loans concluded between the Lender and the Borrower in the last 12 months has reached PLN 35.2 million.

The loan amount may 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 2024. 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, including investment activities in the fitness segment.