RB 8/2019: Loan agreement within Benefit Systems’ capital group


 

RB: 8/2019      
Date: 2 February 2019
Loan agreement within Benefit Systems’ capital group
Legal basis: Article 17 Sec. 1 MAR - confidential 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 1 February 2019 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 10.0 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 56.76 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.

 

DateFirst name and surnamePosition/function
1 February 2019Adam RadzkiMember of the Management Board
1 February 2019Wojciech SzwarcMember of the Management Board

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