Current Reports

CR 07/2015 Annex to the master agreement



Annex to the master agreement


Current report no.: 07/2015

Date: 26.02.2015


The Management Board of LPP SA hereby informs, that on 26 February 2015, an annex to the bank credit line contract (the multi-purpose credit line) was signed between the LPP SA and the Bank PKO BP SA (the initial contract was signed on 24 June 2005).

Pursuant to the annex, the total limit of all facilities was set at the amount of PLN 280 mln, whereas the amount up to PLN 230 mln can be used in the form of overdraft credit line, the amount up to PLN 280 mln can be used in the form of letters of credit, and amount up to PLN 280 mln can be used in a form of bank guarantees.

The other contract terms were not changed.

The above quoted contract was concluded on market basis.

The criterion of declaration of the contract is that the agreement value exceeded 10% of the equity capital of the LPP SA.


CR 07 2015 – Annex to the master agreement