RB 88/2018: Loan agreement within Benefit Systems’ capital group


RB: 88/2018
Date: 9 November 2018
Loan agreement within Benefit Systems’ capital group
Legal basis: Article 17 Sec. 1 MAR – inside information

Text of the report:

The Management Board of Benefit Systems S.A. with its registered seat in Warsaw (hereinafter, the “Issuer”) informs that on 9 November 2018 a loan agreement was concluded ("Loan agreement") between the Issuer (“Lender”) and Zdrofit sp. z o.o. with its registered seat in Warsaw ("Borrower"), in which the Issuer indirectly holds 100% stake, in the amount of PLN 15.0 million. As a result of this agreement the total value of loans concluded between the Lender and the Borrower in the last 12 months has reached PLN 51.9 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 30 November 2023. 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.

 

DateFirst name and surnamePosition/function
9 November 2018Izabela Walczewska-SchneyderMember of the Management Board
9 November 2018Grzegorz HaftarczykMember of the Management Board

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