Search phrase

Investor relations

Current reports

Current report 42/2009

Report concerns:
Change in a significant agreement

Report’s text:
Acting pursuant to section 56.1.(1) of the Act on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organized Trading, and Public Companies of 29 July 2005 (Journal of Laws of 2005 No. 184 item 1539, as amended) (henceforth the Act), J.W. Construction Holding S.A., with its seat in Ząbki, Poland (henceforth the Company) hereby reports that on 25 September 2009 it concluded with PKO Bank Polski Spółka Akcyjna, with its seat in Warsaw, Poland, Branch 15 in Warsaw (henceforth the Bank), Annexes to the following loan agreements:
1) the agreement of 24 June 2008 concerning a revolving operating loan (henceforth the Agreement) to be used to fund the Company’s ongoing operations consisting in the construction of the “Lewandów II” project. The Company reported about the conclusion of this Agreement in a current report 39/2008 of 24 June 2008. The said Annex changes the loan final repayment date to 31 December 2010, the loan amount to PLN 67,000,000, interest rate with regard to the Bank’s margin that is added to WIBOR 3M rate, the amount of mortgages used as a loan collateral: in the case of a contractual joint mortgage to the amount of PLN 67,000,000 and in the case of a joint capped mortgage to the amount of PLN 13,400,000.
2) the agreement of 24 June 2008 concerning a revolving operating loan to be used to fund the Company’s ongoing operations consisting in the construction of the “Lewandów I” project. The Company reported about the conclusion of this Agreement in a current report 39/2008 of 24 June 2008. The said Annex changes the loan final repayment date to 31 December 2010, the loan amount to PLN 29,500,000, interest rate with regard to the Bank’s margin that is added to WIBOR 3M rate, the amount of mortgages used as a loan collateral: in the case of a contractual joint mortgage to the amount of PLN 29,500,000 and in the case of a joint capped mortgage to the amount of PLN 5,900,000.