Establishment of the registered pledge over the material assets (71/2011)
Netia SA (“Netia” or the “Company”) (WSE: NET), Poland’s largest alternative provider of fixed-line telecommunications services, today announced, in connection with its current report No. 46/2011 dated 29 September 2011 on execution by Netia and Internetia Sp. z o.o. with its registered seat in Warsaw of a loan agreement (the “Agreement”) with Rabobank Polska S.A. (the “Facility Agent”) and BNP Paribas S.A., BRE Bank S.A., Raiffeisen Bank Polska S.A. and Raiffeisen Bank International AG (jointly with the Facility Agent, the “Lenders”), that on 12 December 2011 Netia was informed that registered pledge over collection of assets and property rights of Netia forming organized part of business dedicated for the conduct of the telecommunication business was registered. The book value of the assets over which the pledge was established, as at 31 August 2011, is equal to PLN 1,658,565,222.44. The abovementioned pledge was considered as a pledge over the material assets of Netia due to the fact that the value of the assets is grater than 10% of the Netia’s own capital. The pledge was registered on 6 December 2011.
The registered pledge was established in favour of Rabobank Polska S.A. acting as administrator of the pledge on its own name but for the account of the Lenders in order to secure of all the claims or rights, whether present or future, actual or contingent, including interests resulting from the credit facility and revolving loan granted to Netia and Internetia Sp. z o.o. with its registered seat in Warsaw on the basis of the Agreement dated 29 September 2011 in the aggregate amount of PLN 700,000,000 up to the maximum secured amount of PLN 1,050,000,000.
None of the Lenders is an entity related with Netia.
Legal basis: §5, section 1.3 and §7 of the Regulation dated 19 February 2009 regarding current and interim reports published by issuers of securities and on conditions of considering as equivalent the information required by law of a non-member state (Journal of Laws 2009, No. 33, item 259, as amended) and Art. 56, section 1.2 of the Act on Public Offering, the Conditions Governing the Introduction of Financial Instruments to Organized Trading, and on Public Companies (Journal of Laws 2005, No. 184, item 1539, as amended).