{"id":57105,"date":"2021-05-30T09:56:12","date_gmt":"2021-05-30T07:56:12","guid":{"rendered":"http:\/\/www.cigames.com\/14-2020-amendment-to-a-significant-agreement\/"},"modified":"2021-05-30T11:59:49","modified_gmt":"2021-05-30T09:59:49","slug":"14-2020-amendment-to-a-significant-agreement","status":"publish","type":"post","link":"https:\/\/cigames.com\/en\/14-2020-amendment-to-a-significant-agreement\/","title":{"rendered":"14\/2020 \u201eAMENDMENT TO A SIGNIFICANT AGREEMENT\u201d"},"content":{"rendered":"

Current report 14\/2020<\/p>\n

June 30th, 2020<\/p>\n

Confidential information<\/p>\n

\u201cAmendment to a significant agreement\u201d<\/p>\n

The Management Board of CI Games S.A. with a registered office in Warsaw (\u201cthe Company\u201d) hereby informs that on June 29th, 2020, the Company concluded annex 2 to the revolving loan agreement concluded with mBank S.A. (\u201cthe Annex\u201d), of which the Company informed in its current report 1\/2018 of January 9th, 2018 (\u201cthe Loan Agreement\u201d). The revolving loan agreement has been concluded for a limited period until March 31st, 20201.<\/p>\n

The Annex concerns granting of a revolving loan up to the amount of PLN 15,000,000.00 (in words: fifteen million zlotys) for financing of new computer games released by the Company, including the Sniper Ghost Warrior Contracts 2 and Lords of the Fallen 2.<\/p>\n

The loan interest rate is based on 1-month WIBOR, increased by the Bank margin of 2.7 p.p.<\/p>\n

The collateral for payment of the loan on behalf of the Bank consists of:<\/p>\n

    \n
  1. a blank promissory note issued by the Borrower, with a promissory note agreement of the Borrower of 01.09.2018;<\/li>\n
  2. global transfer on behalf of the Bank of receivables based on the agreement for global transfer of receivables no. 43\/021\/17 of 01.09.2018 as amended;<\/li>\n
  3. registered pledge for 15,000,000 (in words: fifteen million) shares of the Borrower, constituting the property of Marek Lech Tymi\u0144ski, on the basis of the pledge agreement no. 43\/006\/17 of 01.09.2018;<\/li>\n
  4. financial pledge on accounts of the Client maintained by the Bank on the basis of the financial pledge agreement of 06.26.2020;<\/li>\n
  5. statement of submission to execution on the basis of 777 \u00a7 1 clause 5 of the Code of Civil Procedure, in form of a notarial deed, up to the amount of PLN 22,500,000.00 (in words: twenty-two million five hundred thousand zlotys and 00\/100).<\/li>\n<\/ol>\n

    Throughout the term of the Loan Agreement, Mr. Marek Tymi\u0144ski is obliged to hold at least 52,663,570 shares in the share capital of the Company, carrying voting rights to 32,52% of all votes in the shareholding structure of the Company.<\/p>\n

    Other terms of the loan agreement do not depart from terms and conditions customarily applicable to agreements of this type.<\/p>\n

    The current value of liabilities of the Company to mBank S.A. due to the Loan Agreement as of June 29th, 2020 is PLN 12,500,000.00 million.<\/p>\n

    Legal basis: art. 17 section 1 in association with art. 7 section 1 of the Regulation (EU) No 596\/2014 of the European Parliament and of the Council of April 16th, 2014 on market abuse (MAR).<\/p>\n

    Marek Tymi\u0144ski – President of the Management Board<\/p>\n

    Monika Rumianek – Member of the Management Board<\/p>\n","protected":false},"excerpt":{"rendered":"

    Current report 14\/2020 June 30th, 2020 Confidential information \u201cAmendment to a significant agreement\u201d The Management Board of CI Games S.A. with a registered office in Warsaw (\u201cthe Company\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":[53,78,52],"tags":[],"class_list":{"0":"post-57105","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-current","7":"category-current-2020","8":"category-reports"},"_links":{"self":[{"href":"https:\/\/cigames.com\/en\/wp-json\/wp\/v2\/posts\/57105","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=57105"}],"version-history":[{"count":0,"href":"https:\/\/cigames.com\/en\/wp-json\/wp\/v2\/posts\/57105\/revisions"}],"wp:attachment":[{"href":"https:\/\/cigames.com\/en\/wp-json\/wp\/v2\/media?parent=57105"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cigames.com\/en\/wp-json\/wp\/v2\/categories?post=57105"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cigames.com\/en\/wp-json\/wp\/v2\/tags?post=57105"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}