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WYNIKI FINANSOWE GRUPY AGORA W 3. KWARTALE 2023 R.

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WYNIKI FINANSOWE GRUPY AGORA W 3. KWARTALE 2023 R.

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    Company data

    AGORA S.A.
    Czerska 8/10 Street
    00-732 Warszawa

    AGO 0,36%
    mWIG40 0,5%
    WIG-MEDIA 0,13%

    Regon: 11559486
    Numer KRS: 59944
    NIP: 526-030-56-44

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    March 29, 2019 / 14:50

    8/2019 Annex to the credit limit agreement

    Regulatory filing

    The Management Board of Agora S.A. with its registered office in Warsaw (the "Company") in reference to report no. 6/2017 of May 25, 2017, and no. 13/2018 of May 18, 2018 regarding the Credit Line Agreement ("Agreement") with DNB Bank Polska S.A.("Bank") informs about signing Annex no. 2 to this Agreement today ("Annex no. 2").

    Signing of Annex no. 2 extending validity of the Credit Line Agreement until August 29, 2019 is related to the negotiations initiated by the Company with a consortium of banks regarding obtaining financing for the Agora Group. The Company informed about the commencement of the above negotiations in the regulatory filing no. 6/2019 on March 11, 2019. The leading bank in the bank consortium with which the Company conducts negotiations is DNB Bank Polska S.A.

    In accordance with the original terms of the Credit Line Agreement, the Company was entitled to use the credit limit in the total amount of PLN 135,000,000.00 (one hundred and thirty-five million zlotys).

    On May 25, 2017, Agora S.A. used a part of the credit limit in the amount of PLN 25,000,000.00 (twenty five million zlotys) for repayment of term loan at Bank Polska Kasa Opieki SA. On February 20, 2019, Agora used a part of the credit limit in the amount of 75,000.00.00 million PLN in connection with the transaction of purchase of minority shares in Eurozet Sp. z o.o.

    Pursuant to the Annex no. 2, the Company will have at its disposal a credit limit of PLN 35,000,000.00 (thirty five million zlotys), which may be used until August 29, 2019 on principles analogous to those specified in the Agreement, about which the Company informed in the regulatory filings on May 25, 2017 and May 18, 2018.

    The Credit Limit will bear the WIBOR rate for one-month deposits in PLN plus the Bank's margin. In the event of failure to pay within the deadline specified in the Agreement some or all of the Bank's receivables, the Company will be charged interest at the base rate plus penalty interest. There are no other provisions on contractual penalties in Annex no. 2.

    The repayment security of the Credit Limit has been maintained, as indicated in current reports no. 6/2017 of May 25, 2017 and no. 13/2018 of May 18, 2018.

    Legal basis: article 17, paragraph 1 of the Regulation of the European Parliament and Council Regulation (EC) No. 596/2014 of April 16th, 2014 on market abuse (Regulation on Market Abuse) and repealing Directive 2003/6/EC of the European Parliament and of the Council and the Commission Directive 2003/124/EC, 2003/125/EC and 2004/72/EC.

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