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General Terms of Sale
Current reports A A A
Conclusion of an appendix to a credit agreement with BRE Bank S.A.
Report no.: 8/2012
Date of issue: 2012-02-03
Legal basis: Art. 56 clause 1 item 2 of the public offering act - current and periodic information
SUBJECT:
Conclusion of an appendix to a credit agreement with BRE Bank S.A.
CONTENT OF THE REPORT:
In reference to current report no. 55/2011, the Management Board of Izostal S.A. (Company) informs that on February 2, 2012 it signed an appendix to agreement no. 11/158/11/Z/VW on a multi-currency overdraft facility for the amount of PLN 10.000.000 concluded with BRE Bank S.A. seated in Warszawa.
As a result of concluding the appendix the credit utilization period has been extended from April 18, 2012 to January 31, 2013.
Other essential conditions of the credit granted have remained unchanged.
The Company informed about the aforementioned credit agreement (current report 55/2011) since the credit is secured by a registered pledge the value of which is higher than the equivalent of EUR 1.000.000 in PLN, and thus it meets the criterion of high-value assets.
Moreover, the amount of the aforementioned agreement has been included in the total value of agreements concluded by the Company with BRE Bank S.A. since January 5, 2011 which meet the criterion of a significant contract (their total value exceeds 10% of the Company's equity). Relevant information was published by the Company in current report no. 57/2011.
Specific legal basis: §5 clause 1 item 3 of the Ordinance of the Minister of Finance of February 19, 2009 on current and periodic information disclosed by the issuers of commercial papers and the conditions for recognizing as equivalent the information required by the laws of a non-member state (Journal of Laws No. 33, item 259 as amended).
SIGNATURES OF PERSONS REPRESENTING THE COMPANY:
Management Board President - Marek Mazurek 2012-02-03
Management Board Vice President - Jacek Podwiński 2012-02-03
INFORMATION ON THE ENTITY:
Full name of the issuer: IZOSTAL SPÓŁKA AKCYJNA
Abbreviated name of the issuer: IZOSTAL S.A
Sector based on the classification of Warsaw Stock Exchange: Other industry
Address: 47-120 Zawadzkie Polna 3
Telephone: (77) 405 65 00
Fax: (77) 405 65 01
e-mail:info@izostal.com.pl
www.izostal.com.pl
VAT No. [NIP]:756-00-10-641
Statistical No. [REGON]: 530884678