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Current report: Current report 68/2018 Information on the conclusion of a significant financial limit agreement

Date of preparation: 2018-11-30 / Art. 17 sec. 1 MAR - confidential information Current report: RB 68/2018 Subject: Information on the conclusion of a contract for the grant of a significant financial limit

Current report: RB 68/2018

Subject: Information on the conclusion of a contract for the grant of a significant financial limit
Date of preparation: 2018-11-30

Legal basis: Article 17 para. 1 MAR - confidential information.

Contents of the report:
The Board of Chemoservis-Dwory S.A. ("Company", "Issuer") informs that on 30 October 2018, it concluded with the CAPITAL FUND ("Financing") company a financial limit agreement with a value of up to PLN 2,700,000.00 (two million seven hundred thousand zlotys).

Pursuant to the provisions of the concluded agreement, the Financing Grantor grants the Issuer a financial limit in the maximum amount of PLN 2,700,000.00 (in words: two million seven hundred thousand zlotys 00/100) for the preparation and implementation of the Restructuring Process of the Issuer's Enterprise ["Restructuring"], including real estate and legal protection of the Issuer's Enterprise's assets, preparation of a restructuring application, a base for entering into a settlement or initiating a sanitation process, negotiating and working out the terms of Restructuring and preparation and signing of economic contracts concluded during the preparation and implementation of the restructuring program.

Financing will be granted for a period of 18 months starting from November 1, 2018, with the possibility of extending it for another 6 months if the amount of the financial limit is not used within 18 months, and the Company demonstrates the positive effects of the Restructuring, while it will be implemented in the form of covering the expenses of the Issuer accepted by the Financer, directly related to the purposes indicated in the sentence above.
The repayment of series F shares in the Issuer's share capital will be the source of repayment of the granted financial limit. At the time of signing the Financial Limit Agreement, the Issuer issued the subscription warrants to the Issuer at nominal value, authorizing them to purchase up to 7,500,000 (say: seven and a half million) Issuer's shares, which the Finisher can cover as part of the limit settlement financial and accrued financing costs by converting them into Issuer's shares at the issue price not less than the nominal price valid on the date of taking up the warrants.
The purpose of obtaining a financial limit is to stabilize the financial position of the Issuer and to be able to cover the costs of the restructuring proceedings, without the necessity to incur liabilities other than related to the issue of the Issuer's shares.

Signed: The Management Board of the Company


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CHEMOSERVIS-DWORY S.A. zarejestrowana w Sądzie Rejonowym w Krakowie, KRS 0000287238, NIP 549-19-11-468, REGON 070889223. Kapitał zakładowy opłacony w całości: 20.006.000 PLN.
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