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CI GAMES SE (13/2023) Conclusion of a credit agreement with PKO BP S.A.

By 28 March 2023No Comments

Current report number: 13/2023

Date: 28 March 2023

Legal basis: Art. 17 section 1 of MAR – inside information

Subject: Conclusion of a credit agreement with PKO BP S.A.

The Management Board of Cl Games SE with its registered office in Warsaw (the “Company“) hereby informs that on 27 March 2023, the Company concluded with Powszechna Kasa Oszczędności Bank Polski Spółka Akcyjna with its registered office in Warsaw (hereinafter: “PKO BP“) a non-revolving operating credit agreement in the amount of 20,000,000 zloty (hereinafter: the “Agreement“, “Loan“). The Loan was granted for the period from 27 March 2023 to 30 November 2023. 

The Loan is secured by:

  1. Registered pledge and a civil pledge on shares of the Company held by shareholder Marek Lech Tymiński.
  2. Guarantee of repayment of the Loan granted by Bank Gospodarstwa Krajowego (“BGK”) with a blank promissory note and a promissory note declaration, issued by the Company for BGK.
  3. Declaration of the Company of submission to execution with respect to claims of PKO BP under the Agreement, pursuant to art. 777 §1 point 5 of the Code of Civil Procedure.

The provisions of the Agreement do not deviate from market conditions for this type of agreement.

Disclaimer: This English language translation may contain certain discrepancies. In case of any differences between the Polish and the English versions, the Polish version shall prevail.

CI Games SE Management Board:

Marek Tymiński – President of the Management Board 

David Broderick – Vice President of the Management Board