Extension the credit agreement
Date |
2015-03-30 |
Current report no. |
7/2015 |
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The Board of TIM S.A. with its registered seat in Wrocław informs that on 30 March 2015 the Company received the signed copy of Annexe No. 2 of 27 March 2015 to the Open-End Credit Agreement No. BDK/KR-O/000057194/0029/13 concluded on 27 March 2013 by and between Bank Handlowy w Warszawie S.A. with its registered seat in Warszawa (hereinafter referred to as “the Bank”) and TIM S.A. On the basis of the above-mentioned Annexe No. 2 to the Credit Agreement the Bank extended TIM S.A. the bank credit in the amount of PLN 10 million (say: ten million zlotys) by 25 March 2016. Interest rate of the Credit was set as a sum of WIBOR rate for three-month deposits and the Bank’s mark-up. The basis security specified in the Credit Agreement mentioned above, is a pledge on stocks. The Issuer informed about establishing the above-mentioned pledge in Current Report No. 14/2013 of 29/08/2013. Making this information public is justified by the fact that extending the Credit Agreement by Bank Handlowy w Warszawie S.A. for another period may have an influence of the assessment of the Issuer’s financial condition. |
SIGNATURES OF PERSONS REPRESENTING THE COMPANY
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2015-03-30, Artur Piekarczyk – Member of the Board |