RB 02/2017: Loan agreements within the Benefit Systems group
Dated: 2017-01-11
Subject: Loan agreements within the Benefit Systems group
Legal basis: Article 17, paragraph 1 of MAR - confidential information
The Management Board for Benefit Systems S.A. with its registered office in Warsaw ("the Issuer") announces that on 11th January, 2017, a loan agreement was concluded ("the Loan agreement") between the Issuer ("the Lender") and the company called Fit Invest spółka z ograniczoną odpowiedzialnością with its registered office in Warsaw ("the Borrower"), which is a 100% subsidiary of the Issuer, for the amount of 3.6 million PLN, as a result of which the total value of loan agreements concluded between the Lender and the Borrower over the last 12 months reached 22.6 million PLN.
The interest rate on the loan is variable and was set according to market terms. The loan agreement does not contain any suspending or terminating conditions, and does not provide for any contractual penalties. The other conditions of the Loan agreement do not differ from terms and conditions commonly applied in agreements of this kind.
The loan is intended to enable the Borrower to finance current operations, including operations connected with its investment activities in the fitness sector.
Date
2017-01-11 Adam Kędzierski, Member of the Management Board
2017-01-11 Izabela Walczewska-Schneyder, Member of the Management Board