Ursa Smart-city cb7 img ursapark img

11/2016 Amendment of the terms and conditions of series B bonds

The Management Board of CPD S.A. (hereinafter the “Company”, the “Issuer”) hereby informs that on 10 October 2016 the Company concluded the Conversion agreement (hereinafter the “Conversion Agreement”) regarding amendment of the terms and conditions of series B bonds (hereinafter “Bonds”), concluded between the Company, as the Issuer and Open Finance Obligacji Przedsiębiorstw Fundusz Inwestycyjny Zamknięty Aktywów Niepublicznych with its registered seat in Warsaw as the sole bondholder (hereinafter the „Bondholder”). The Company informed about the issuance of Bonds in the current Reports Nos 2/2015 and 6/2015.

On the basis of the Conversion Agreement, the terms and conditions of Bonds were amended as follows:

  1. the surety, securing obligations resulting from the Bonds, granted by the subsidiary of the Issuer, i.e. Blaise Gaston Investments spółka z ograniczoną odpowiedzialnością spółka komandytowa with its registered seat in Warsaw (the “Surety Agreement with Blaise Gaston Investments”) has been terminated;
  1. as a collateral for the Bonds, sureties with the following Issuer’s subsidiaries: (i) 12/132 Gaston Investments spółka z ograniczoną odpowiedzialnością spółka komandytowa with its registered seat in Warsaw and (ii) 13/155 Gaston Investments spółka z ograniczoną odpowiedzialnością spółka komandytowa with its registered seat in Warsaw have been introduced, as well as the relevant agreements between the abovementioned subsidiaries and the Bondholder have been concluded.
  1. the security in the form of mortgage on the perpetual usufruct right to the property located in Warsaw, comprising a plot of land with evidence number 111/2 with a surface area of 6,0074 hectares, for which the District Court for Warsaw-Mokotow in Warsaw, XIII Land and Mortgage Division keeps the land and mortgage book No. WA1M/00212689/6, afforded to Blaise Gaston Investments spółka z ograniczoną odpowiedzialnością spółka komandytowa was released;
  1. as a collateral for the Bonds, Issuer’s subsidiaries: (i) 12/132 Gaston Investments spółka z ograniczoną odpowiedzialnością spółka komandytowa with its registered seat in Warsaw and (ii) 13/155 Gaston Investments Spółka z ograniczoną odpowiedzialnością spółka komandytowa with its registered seat in Warsaw established a contractual, first ranking,joint mortgage up to the total amount of PLN 45,000,000.00 on:

a)    perpetual usufruct right to the property located in Warsaw, Ursus district, comprising a plot of land with evidence number 132/2 with a surface area of 3,2544 hectares, for which the District Court for Warsaw-Mokotow in Warsaw, XIII Land and Mortgage Division keeps the land and mortgage book No. WA5M/00477860/2, afforded to 12/132 Gaston Investments spółka z ograniczoną odpowiedzialnością spółka komandytowa with its registered seat in Warsaw;

b)    perpetual usufruct right to the property located in Warsaw, Ursus district, comprising a plot of land with evidence number 155/2 with a surface area of 1,0998 hectares, for which the District Court for Warsaw-Mokotow in Warsaw, XIII Land and Mortgage Division keeps the land and mortgage book No. WA5M/00477861/9, afforded to 13/155 Gaston Investments spółka z ograniczoną odpowiedzialnością spółka komandytowa with its registered seat in Warsaw;

c)    perpetual usufruct right to the property located in Warsaw, Ursus district, comprising a plot of land with evidence number 158/2 with a surface area of 0,2949 hectares, for which the District Court for Warsaw-Mokotow in Warsaw, XIII Land and Mortgage Division keeps the land and mortgage book No. WA5M/00477864/0, afforded to 13/155 Gaston Investments spółka z ograniczoną odpowiedzialnością spółka komandytowa with its registered seat in Warsaw,

d)    perpetual usufruct right to the property located in Warsaw, Ursus district, comprising a plot of land with evidence number 147 with a surface area of 0,5190 hectares and the right of ownership in buildings constituting the object of ownership separate from the land, for which the District Court for Warsaw-Mokotow in Warsaw, XIII Land and Mortgage Division keeps the land and mortgage book No. WA1M/00338198/6, afforded to 13/155 Gaston Investments spółka z ograniczoną odpowiedzialnością spółka komandytowa with its registered seat in Warsaw,

e)    perpetual usufruct right to the property located in Warsaw, Ursus district, comprising a plot of land with evidence number 134 with a surface area of 0,4722 hectares and the right of ownership in the building constituting the object of ownership separate from the land, for which the District Court for Warsaw-Mokotow in Warsaw, XIII Land and Mortgage Division keeps the land and mortgage book No. WA1M/00233102/1, afforded to 13/155 Gaston Investments spółka z ograniczoną odpowiedzialnością spółka komandytowa with its registered seat in Warsaw;

  1. as a collateral for the Bonds, Issuer’s subsidiaries: (i) 12/132 Gaston Investments spółka z ograniczoną odpowiedzialnością spółka komandytowa with its registered seat in Warsaw and (ii) 13/155 Gaston Investments spółka z ograniczoną odpowiedzialnością spółka komandytowa with its registered seat in Warsaw submitted themselves to voluntary enforcement under Art 777 § 1 point 5 of the Polish Code of Civil Procedure in respect of their obligations to pay the amount of PLN 45,000,000.00;
  1. other terms and conditions of Bonds about which the Company informed in current reports Nos 2/2015 and 6/2015 remain unchanged.

Signatures of persons representing the Company:

Elżbieta Donata Wiczkowska, President of the Board, October 11, 2016

Disclaimer

The information on this website is the property of CPD S.A. It must not be duplicated in any format

Contact Us

CPD S.A.
ul. Cybernetyki 7b
02-677 Warszawa
tel.: +48 22 321 05 00
fax: +48 22 321 05 01
e-mail: info@cpdsa.pl