Current reports

Disbursement of the loan taken by the Company from Bank Millenium S.A.

Current Report No. 45/2020

Date: 04/12/2020

Legal basis: Article 17(1) of MAR – inside information

The Management Board of Medicalgorithmics S.A. hereby informs on December 4, 2020, the Company was disbursement the loan in the current account from Bank Millenium S.A. of 16 000 000 PLN (sixteen millions zlotys) (“the Loan”).

Pursuant to the concluded loan agreement, the limit of the available Loan will be gradually reduced within 24 months. The interest rate will be the sum of the WIBOR 1M reference rate and the Bank’s margin.

In the opinion of the Management Board, the conclusion of the loan agreement will enable the Company to optimize, be flexible and adapt the financing structure to the Company’s current operating situation.

In addition, the Management Board informs that the existing loan on the disbursement of which the Company informed in the current report no. 9/2019 was repaid by the Company in full before the date specified in the contract. At the repayment date the value of the loan was approximately PLN 9,900,000 (in words: nine million nine hundred zlotys). Thus, as a result of the closing of the loan agreement referred to in the current report 9/2019, all collaterals provided for in the loan agreement, including the pledge registered and a blockade with an ordinary pledge as temporary security on the Company’s bearer shares belonging to the President of the Management Board, Mr. Marek Dziubiński, marked with the code PLMDCLG00015, in the number of 400,000 (four hundred thousand).

 

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