Current report no. 21\/2019<\/p>\n
June 28, 2019<\/p>\n
Confidential information<\/p>\n
\u201cAmendment of a significant agreement\u201d<\/p>\n
The Management Board of CI Games S.A. with its registered seat in Warsaw (\u201cCompany\u201d) hereby informs that, on June 28, 2019, the Management Board concluded an amendment to revolving facility agreement with mBank S.A. (\u201cAmendment\u201d), about which the Company informed by way of the current report no. 1\/2018 of January 9, 2018 (\u201cRevolving Facility Agreement\u201d).<\/p>\n
Pursuant to the Amendment, the Company shall not make any drawdowns within the revolving facility granted pursuant to Revolving Facility Agreement till June 26, 2019. The Amendment was signed due to the fact that the Company terminated the agreement with Defiant Studios LLC, as one of the main objectives of Revolving Facility Agreement was to finance the cooperation between the Company and Defiant Studios LLC.<\/p>\n
The other provisions of the Revolving Facility Agreement remain unchanged.<\/p>\n
At the same time, the Management Board informs, that the Company has started negotiations, the objective of which is to select subcontractors for the purpose of further production of \u201cLords of the Fallen 2\u201d game with the cooperation of the internal team of the Company. The Management shall begin negotiations with mBank S.A. on a potential increase of current debt limit on the basis of Revolving Facility Agreement after the selection of subcontractors and after agreeing with them on detailed terms and conditions of cooperation.<\/p>\n
In line with the estimates of the Management Board of the Company, the current value of Company\u2019s liabilities towards mBank S.A. under Revolving Facility Agreement and overdraft agreement of January 9, 2018 (about the conclusion of which the company informed by way of current report no. 1\/2018 of January 9, 2018) amounting as at June 28, 2019, to PLN 24.1 million will remain at similar level until the release date of \u201cSniper Ghost Warrior Contracts\u201d planned for this year.<\/p>\n
Legal basis: art. 17(1) as read with 7(1) of the Regulation of the European Parliament and of the Council (EU) no. 596\/2014 of April 16, 2014, concerning market abuse regulation (MAR).<\/p>\n
Marek Tymi\u0144ski \u2013 President of the Management Board<\/p>\n","protected":false},"excerpt":{"rendered":"
Current report no. 21\/2019 June 28, 2019 Confidential information \u201cAmendment of a significant agreement\u201d The Management Board of CI Games S.A. with its registered seat in Warsaw (\u201cCompany\u201d) hereby informs…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,79,52],"tags":[],"class_list":{"0":"post-57087","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-current","7":"category-current-2019","8":"category-reports"},"_links":{"self":[{"href":"https:\/\/cigames.com\/en\/wp-json\/wp\/v2\/posts\/57087","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cigames.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cigames.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cigames.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cigames.com\/en\/wp-json\/wp\/v2\/comments?post=57087"}],"version-history":[{"count":0,"href":"https:\/\/cigames.com\/en\/wp-json\/wp\/v2\/posts\/57087\/revisions"}],"wp:attachment":[{"href":"https:\/\/cigames.com\/en\/wp-json\/wp\/v2\/media?parent=57087"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cigames.com\/en\/wp-json\/wp\/v2\/categories?post=57087"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cigames.com\/en\/wp-json\/wp\/v2\/tags?post=57087"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}