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MESSAGE (ENGLISH VERSION) | |
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Subject: Accession to the Facility Agreement by EBRD
Legal basis: § 5 sec. 1 point 4 of the Ordinance of the Minister of
Finance of 19 February 2009 on Current and Periodic Information
Delivered by Securities Issuers and the Conditions of Recognising the
Information Required by the Provisions of Law of a State not being a
Member State as Equivalent to the Current and Periodic Information
Delivered by Securities Issuers (Journal of Law of 28 February 2009).
Report contents:
With reference to current reports no. 12/2011 dated 11 February 2011 and
no. 4/2011 dated 21 January 2011, the Management Board of Ciech S.A.
informs that on 15 February 2011, pursuant to the decision of the Board
of Directors, the European Bank for Reconstruction and Development (the
"EBRD") acceded to the Facility Agreement (in accordance with the
definition of this term included in current report no. 12/2011), thus
accepting the terms and conditions thereof.
The key terms and conditions of the Facility Agreement, including the
granted by EBRD Capex Term Facility (in accordance with the definition
of this included in current report no. 12/2011), were described in
current report no. 12/2011 dated 11 February 2011.
In order to obtain financing from EBRD it will be necessary to, among
other things, agree upon the contents of the security documentation and
fulfil the conditions for the launching of the Capex Term Facility
stipulated in the Facility Agreement.
Accession by EBRD to the Facility Agreement was one of the conditions
precedent for the drawdown of the facilities stipulated therein.
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