Current report 78/2018 (19.09.2018)
Credit repayment by the subsidiary URSUS BUS S.A.
Art. 17 sec. 1 Market Abuse Regulation
The Management Board of URSUS S.A. on the 18th September 2018 was informed that its subsidiary URSUS BUS S.A. on the 17th September 2018 made full repayment of the credit granted under the credit agreement concluded on the 28 August 2017 with Bank Ochrony Środowiska S.A. with the seat in Warsaw, as amended, in the total amount 33.054.830 PLN. The Issuer informed about the above-mentioned credit agreement in the current report no. 36/2017.
The funds from the credit was used for execution of the contract of the subsidiary with ZTM in Lublin concluded on the 5th July 2017 on delivery of 15 articulated trolleybuses in the total gross amount 34.077.150 PLN, which has been fully executed.
One of collaterals on repayment of the credit agreement concluded by URSUS BUS S.A. with BOŚ S.A. was accession of the Issuer to debt of the subsidiary.