Current report no. 22/2018 dated 29 October 2018
Conclusion by Wirtualna Polska Holding S.A. and subsidiaries of the amending agreement to the loan agreement of 12 December 2017 and disclosure of delayed confidential information about enter into negotiations in order to obtain additional financing
Legal basis: Article 17 sec. 1 of the Market Abuse Regulation, Article 17 sec. 4 of the Market Abuse Regulation
Content of the report:
The Management Board of Wirtualna Polska Holding S.A. ("Issuer") hereby informs that on October 29, 2018, the Issuer and its subsidiaries, i.e. Wirtualna Polska Media S.A. - as the borrower, Money.pl sp. z o. o., Wakacje.pl S.A., Nocowanie.pl sp. z o. o - as guarantors, concluded an amending agreement (the "Amending Agreement") to the loan agreement of 12 December 2017 concluded with mBank S.A. with headquarters in Warsaw, as a lender, financing organizer, agent and security agent, and ING Bank Śląski S.A. based in Katowice as a creditor and Powszechna Kasa Oszczędności Bank Polski S.A. with its registered office in Warsaw as the lender, about which the Issuer informed in the current report No. 69/2017 of 12 December 2017.
Pursuant to the Amendment Agreement, the value of the CAPEX Loan Tranche will be increased by PLN 100,000,000.00 (in words: one hundred million), and the Issuer will enter into a loan agreement as the only borrower authorized to continue using the entire available CAPEX Loan Tranche.
Contents of delayed confidential information:
The Management Board of the Issuer informs at the same time that on 27 September 2018 it decided to delay disclosing confidential information about the opening of negotiations with crediting banks.
"The Management Board of Wirtualna Polska Holding S.A. ("Issuer") informs that today, i.e. on September 27, 2018, it began negotiations with mBank S.A., Powszechna Kasa Oszczędności Bank Polski S.A. and ING Bank S.A. ("Lenders"), in order to obtain additional financing of investment expenditures and acquisitions under the loan agreement of 12 December 2017, about which the Issuer informed in the current report No. 69/2017 of 12 December 2017. "
Legal basis: Art. 17 (1) and art. 17 (4) of the European Parliament and of the Council (EU) No 596/2016 of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6 / EC of the European Parliament and of the Council and Commission Directives 2003/124 / EC, 2003/125 / EC and 2004/72 / EC.
Signatures of the individuals representing the Company:
Jacek Świderski – President of the Management Board/Chief Executive Officer
Elżbieta Bujniewicz – Belka – Member of the Management Board/Chief Financial Officer