The Management Board of PCC Intermodal S.A. (“Company”) informs that on 15 March 2016 received the decision from the District Court Gdańsk-Północ in Gdańsk, IX Economic Department – Register of Pledges, that on 8 March 2016 were established a two pledges of EURO 3 562 286,78 each (ie. 15 433 607,47 PLN) jointly: EURO 7 124 573,56 (ie. 30 867 214,94 PLN) for the benefit of BZ WBK Lease SA with the registered office in Poznan (“WBK Lease”).
The registered pledge is a collateral of all WBK Lease claims arising from the loan agreement concluded with PCC Intermodal SA about which the Company informed in current report no 24/2015 on 8 July 2015 and it is the fulfillment of the obligations under this agreement.
The registered pledge was established on two RTG cranes, which are installed and used on the container terminal in Gliwice. The carrying amount of assets, on which the pledge was established, according to the Company’s accounting books is PLN 8 092 278,38.
The loaded mobility are deemed a material asset, since its value constitutes more than 10% of the Company’s equity capital. The basis of this report is that the value of the pledge exceeds 100% of the encumbered assets of significant value and exceeds the equivalent of EUR 1,000,000.
There are no associations between the Company, people managing or supervising the Company and the WBK Lease or people managing the WBK Lease.
The amounts contained in this report have been converted at the average EUR exchange rate announced by the NBP on 8 March 2016 in accordance with § 2 point 7 Regulation of the Minister of Finance dated February 19, 2009 on current and periodic information published by issuers of securities and on conditions under which such information may be recognized as being equivalent to information required by the regulations of law of a state which is not a member state.
Legal ground: §5 section 1 point 1 and §7 of the Regulation of the Minister of Finance dated February 19, 2009 on current and periodic information published by issuers of securities and on conditions under which such information may be recognized as being equivalent to information required by the regulations of law of a state which is not a member state.