RB-5-2016 Meeting the criterion of a significant contract
Pursuant to § 5 sec. 1 pt. 3 of the Regulation issued by the Minister of Finance on the 19th of February, 2009, concerning current and periodical information pertaining to companies traded on the stock exchange and on the conditions for recognizing the equivalence of information required by legal regulations binding in a country which is not a member state, the Management Board of Comarch S.A. announces that in connection with conclusion by Comarch S.A.S., a subsidiary of Comarch SA and Comarch SA (as co-borrower) on the 18th of March, 2016, a loan agreement with a bank BGZ BNP Paribas SA (Comarch SA announced it in the current report RB-4-2016 dated the 18th of March, 2016), the value of contracts signed in the last 12 months between the entities of Comarch Group and entities of BNP Paribas Group exceeded 10% of the equity of Comarch SA as at the 31st of December, 2015, thus meeting the criterion of a significant contract.
The highest value contract concluded with entities of BNP Paribas Group is Amendment No 6 dated the 28th of May, 2015, to the contract for multipurpose credit line (hereinafter: the "Contract"). The value of the Contract is PLN 35,000 thousand. The Contract was concluded for a definite period until the 30th of May, 2016. Financial conditions of the concluded Contract do not differ from those commonly used in the market for such contracts. The Contract does not provide any contractual penalties.
Legal protection of the limit granted by the bank BGZ BNP Paribas SA includes:
• blank promissory note with promissory note declaration,
• statement on submission to enforcement in favor of the bank BGZ BNP Paribas SA.
The total value of all agreements concluded by the entities of Comarch Group with entities of BNP Paribas Group in the last 12 months amounted PLN 95,004 thousand.