Extension of Mandate with a group of banks regarding new financing (32/2010)
The Management Board of Netia S.A. (“Netia”, the “Company”) informs, in connection with its current reports No. 27/2010 dated July 29, 2010 and 31/2010 dated October 4, 2010, that on October 4, 2010 bank BNP Paribas, Polish branch, (BNP Paribas SA Oddział w Polsce) joined the mandate letter signed by the Company on July 29, 2010 with Rabobank Polska S.A., Raiffeisen Bank Polska S.A. and BRE Bank S.A. (the “Mandate”) for arrangement of new financing fund potential acquisitions by Netia.
The total amount of external financing which may be obtained under the Mandate was increased by 100 PLN million and is PLN 700 million now.
Taking into account Netia’s own resources in the amount of over PLN 300 million, the total financial resources that may be devoted by the Netia group to finance potential M&A activities exceed PLN 1 billion.
Legal basis: Article 56, section 1.1 of the Act on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organised Trading, and Public Companies (Journal of Laws 2005, No. 184, item 1539)