Current Report No. 16/2016 of 31 August 2016

Increased current account overdraft facility based on agreement with ING Bank
Śląski S.A. for Impel Group companies fulfilling significant value agreement
Current Report No. 16/2016 of 31 August 2016
The Management Board of Impel S.A. reports that on 31 August 2016 it received a
signed copy of an annex to a multi-facility agreement (the Agreement) concluded
between ING Bank Śląski S.A., with its registered office in Katowice (the Bank), and
Impel S.A., Impel Cleaning Sp. z o.o., Impel Security Polska Sp. z o.o., Impel
Provider Security Partner Sp. z o.o. Spółka Komandytowa, Impel Tech Solutions
Company Sp. z o.o. Spółka Komandytowa, Impel Catering Company Sp. z o.o.
Spółka Komandytowa, Gwarant S.A., SI4IT Sp. z o.o., Hospital Service Company
Sp. z o.o. Spółka Komandytowa and Climbex S.A.
The Company informed of this significant value Agreement in its Current Report No.
20/2015 on 1 July 2015.
Based on the Agreement the Bank increased the current account overdraft facility
The subject matter of the agreement is an increase in the current account overdraft
facility, guarantee facility and a limit for “Financing Suppliers of the Impel Group” to
the above-mentioned companies of the Impel Group, from a total of PLN 25 million to
PLN 45 million. No other amendments were made under the annex.
The applicable interest rate was determined on the basis a variable WIBOR O/N rate,
plus the bank’s margin. The facility can be used to finance the current operations of
the companies observing the date of use and repayment by 31 August 2017. The
agreement does not provide for any contractual penalties whose value would exceed
10 of its value.
The borrowers are jointly and severally liable for the repayment of the loan, including
blank promissory notes and the notes specific conditions. Other conditions of the
agreement do not differ from those used by banks for agreements of this type
The value of the advanced overdraft represents 80% of the credit and guarantee
facility, held by Impel SA and its subsidiaries in the banks, and the value of the limit
itself exceeds 10% of Impel SA’s equity, thus it meets the criterion of being
significant.
In the opinion of the Management Board this report contains confidential infromation
as defined in Art. 17 of MAR (market abuse regulation)
Legal basis: Art. 17.1 of MAR (market abuse regulation) – confidential regulation