Date: 7 February 2020
Body of the report: The Management Board of Dino Polska S.A. (“Company”) reports that today, i.e. 7 February 2020 an investment loan agreement was executed (“Loan”) 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 150 million.
This Agreement has been signed to finance the ongoing rollout of the store network run by the Company.
This Loan was extended in the Polish currency for a period from 7 February 2020 to 6 November 2023.
The interest on the Loan will be set using a floating interest rate equal to the WIBOR 3M reference rate plus PKO BP SA’s margin.
The collateral for the Loan is as follows: i) contractual mortgage up to PLN 225 million on real estate owned by the Company, developed with the Company’s stores; and ii) transfer of cash accounts receivable from insurance agreements for the real estate forming the collateral.
The Company’s Management Board has made the decision to publish the aforementioned information on account of the material total value of the Agreement.
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.