Getin Noble Bank (GNB)

1.86PLN
-1.06% 17:00

Current report 68/2014

08.05.2014

CONCLUSION OF PLEDGE AGREEMENTS WHICH JOINTLY MEET THE CRITERIA OF A SIGNIFICANT AGREEMENT

The Management Board of Getin Noble Bank S.A. (”Issuer”) hereby announces that today, i.e. on 8 May 2014 it was informed by the European Investment Bank with its registered office in Luxemburg (“EIB”) on the conclusion on 7 May 2014 of two financial pledge agreements (“Agreements”) which jointly meet the criteria of a significant agreement.

The Agreements were concluded in order to secure the repayment of funds which shall be paid to the Issuer in two tranches pursuant to the provisions of the credit agreement concluded with EIB on 4 April 2014 together with interests, commissions and other costs stipulated in the credit agreement, on which the Issuer informed in Current report 59/2014.

The finance pledge shall be established on treasury bonds deposited on the Issuer’s account run by the National Depository for Securities.

In order to secure the repayment of funds transferred within the first tranche in the amount of EUR 10,000,000.00 and PLN 168,276,000.00 (equivalent of 40 million Euro) the limited proprietary right shall be established on 276.000 5-year-treasury bonds (issue with the final maturity falling on January 2017) of the nominal value of PLN 1,000.00 per each bond and of accounting value as at 7 May 2014 of PLN 277,700,160.00. In order to secure the repayment of funds transferred within the second tranche in the amount of EUR 10,000,000.00 and PLN 168,276,000.00 (equivalent of 40 million Euro) the limited proprietary right shall be established on 154.000 5-year-treasury bonds (issue with the final maturity falling on January 2017) of the nominal value of PLN 1,000.00 per each bond and of accounting value as at 7 May 2014 of PLN 154,948,640.00 and 121.300 11-year treasury bonds (issue with the final maturity falling on January 2018) of the nominal value of PLN 1,000.00 per each bond and of accounting value as at 7 May 2014 of PLN 121,610,528.00.

In the opinion of the Management Board of the Issuer, other conditions of the Agreements do not differ from terms and conditions generally applied in this type of agreements. The Agreements do not stipulate any contractual financial penalties. The Agreements conclusion is not conditional upon any conditions to be met. The Agreements are deemed significant agreements as their joint nominal as well accounting value is in excess of 10% of the Issuer’s equity. The nominal value of securities amounts PLN 551,300,000.00  and their accounting value as at 7 May 2014 amounted PLN 554,259,328.00 .

Additionally, the Issuer informs that the nominal value of:
• treasury bonds which are the subject matter of the finance pledge agreements concluded within the last 12 months between the Issuer and EIB in order to secure credit agreements concluded to finance credit and leasing actions for small and medium businesses amounts PLN 1,596,450,000.00  (as at the agreements conclusion date); the Issuer informed on the aforementioned pledge agreements in Current reports 193/2013, 258/2013 and 50/2014;
• treasury bonds which are the subject matter of the finance pledge agreement concluded within the last 12 months between the Issuer and EIB in order to secure credit agreement concluded to finance local government units amounts 122,000,000.00 PLN (as at the agreement conclusion date).

In connection to the above, the Issuer informs that the value of collateral may differ from the value determined as at the date of particular pledge agreement conclusion.

There are no relations between the Issuer as the pledger and its managing and supervising persons and EIB as the pledgee.

Legal basis: Article 56(1)(2a) of the Polish Act of 25 July 2005 on public offering and the conditions for introducing financial instruments into an organized trading system and on public companies (Journal of Laws of 2005, No. 184, item 1539 later amended) in connection with § 5(1)(3) and § 9(8) of the Minister of Finance Regulation of 19 February 2009 on current and periodic reporting by issuers of securities and the rules of equal treatment of the information required by the laws of non-member states (Journal of Laws of 2009 No. 33, item 259 later amended).