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Current report No 5/2015
The Management Board of HELIO S.A. hereby informs about concluding on 18.09.2015 with Bank Handlowy w Warszawie S.A. with its registered office in Warsaw (“the Bank”) an annex to an agreement of credit on the current account executed on 17 September 2013, about which the Issuer informed in the current reports no. 2/2013 of 17.09.2013, no. 1/2014 of 05.02.2014, no. 3/2014 of 05.09.2014 and no. 3/2015 of 26.05.2015.
On the basis of the above mentioned annex the credit amount was increased from PLN 23,500,000.00 to PLN 25,000,000.00 and extended credit period until 28.09.2016.
The remaining essential terms of the agreement have not been changed. Annex shall enter into force on the date of its signature with effect from 29.09.2015.
The fundamental criterion for recognizing the agreements significant is the total value of the credit amounting to at least 10% of the Company’s revenues from sales in the last four quarters.
