Date: 14 December 2021
Body of the report:
The Management Board of „DINO POLSKA” S.A. (“Company”) reports that today, i.e. 14 December 2021 three investment loan agreements were executed (“Loans”): i) between the Company and Powszechna Kasa Oszczędności Bank Polski Spółka Akcyjna with its registered office in Warsaw, ul. Puławska 15 (“PKO BP SA”) for an amount of PLN 170 million; ii) between Centrum Wynajmu Nieruchomości Sp. z o.o. („CWN”), a Company subsidiary and PKO BP SA for an amount of PLN 91 million; and iii) between Centrum Wynajmu Nieruchomości 1 S.A. („CWN1”), a Company subsidiary and PKO BP SA for an amount of PLN 91 million (“Agreements”).
The total value of the Loans is PLN 352 million. These Agreements have been signed to finance the ongoing network rollout of stores run by the Company under the Dino brand and its logistics base.
These Loans were extended in the Polish currency for a period from 3 January 2022 to 2 July 2025.
The interest on the Loans will be set using a a floating interest rate equal to the WIBOR 3M reference rate plus PKO BP SA’s margin.
The collateral for the Loans is as follows:
The Company’s Management Board has made the decision to publish the aforementioned information on account of the material total value of the Agreements.
Legal basis: Article 17 Section 1 of Regulation (EC) No 596/2014 of the European Parliament and of the Council on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC – confidential information