RESBUD SA (21/2017) Conclusion of a loan agreement.

RESBUD SA Management Board in Płock, he informs that on 14/09/2017 The Issuer as the Lender entered into a Money Loan Agreement with Patro Invest Sp. z o.o. in Płock KRS 0000657016, NIP: 7743232326, Regon: 366271379 as Borrower. Under the Agreement of 14/09/2017. The Issuer granted the Borrower a loan in the amount of PLN 3,000,000.00 (three million zlotys) for the period to 31/03/2018. The loan will be paid in tranches at the Borrower's request. The loan is interest-bearing at a fixed interest rate of 5.7% per annum. The parties agreed that the interest on the loan will be payable once, together with the repayment of the loan principal until 31/03/2018. The parties to the loan agreement agreed that the Borrower is entitled to early repayment of all or part of the loan granted. The disbursement of the first tranche of the loan took place on September 14, 2017 in the amount of PLN 1,000,000 (one million zlotys). The Issuer indicates that the remaining funds in accordance with the concluded loan will be disbursed in tranches at the Borrower's request, with the proviso that the total amount of funds can not exceed the amount of the loan, ie PLN 3,000,000.00, and the deadline for returning the entire loan on 31/03/2018. The Borrower has secured the repayment of the loan together with interest and any other claims of the Issuer that may arise under the Agreement by issuing the Issuer's blank promissory note together with a promissory note declaration. The Issuer also informs that between RESBUD SA and Patro Invest Sp. z o.o. there are personal and capital ties in Płock. The President of the Borrower's Board performs the function of a Member of the Issuer's Supervisory Board, as well as Patro Invest Sp. z o.o. is the majority majority shareholder of the Issuer with 33% share in the share capital of RESBUD S.A. and 33% share in the total number of votes at the Issuer's General Meeting.

Source: company website, investor relations, current and periodic reports.

Company information
Company name:Resbud SA
Adress: Al. Gen. Okulickiego 18 35-206 Rzeszów
Phone:+48 17 8622448

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