Current report No 29/2025
The Management Board of INPRO SA (the “Issuer”, the “Company”) with its registered office in Gdańsk informs that 30 July 2025 the Company signed working capital credit agreement No. 129/UK03/KS/506775/25 with the consortium of banks: SGB Bank SA with its registered office in Poznań (“SGB”) and Bank Spółdzielczy in Pruszcz Gdański (“BS”), both further called the “Bank”, on the following terms and conditions:
- The object of the agreement: partial refinancing of the costs of purchase of plot No. 874/15 in Reda.
- Significant conditions of the agreement: The agreement between the Company and the Bank contains standard provisions and is a typical agreement concluded in transactions of that kind. The agreement contains, without limitation, the following provisions:
- Credit amount: up to PLN 16,000,000.00.
- The financial conditions do not deviate from those commonly used commission for that type of agreements: the credit interest rate is based on 3 M WIBOR + the Bank's margin; and there are arrangement, handling, commitment and compensation fees.
- Drawings: after the terms and conditions have been met, in one tranche, payable to the Company’s current account.
- Credit transaction period: until 30/06/2028.
- Repayment conditions: The main amount repaid in monthly instalments on the last day of each month commending from 31/10/2025, in the following amounts: 1 x PLN 480,000.00 and 32 x PLN 485,000.00 The last, closing instalment payable on 30/06/2028.
- Credit launch conditions: establishing legal securities for credit repayment and the payment of the commission.
- Credit legal security:
- contractual mortgage on the basis of the equal priority principle up to PLN 16,500,000 in favour of SGB and up to PLN 7,500,000 in favour of BS on the INPRO SA real property located in Reda, for which land the District Court in Wejherowo, 4th Land and Mortgage Register Division will establish a new land and mortgage register following the separation of plot 874/15 out of current register No. GD1W/00008904/0 to secure the repayment of the main amount and secondary liabilities: bank commissions, interest and debt collection and enforcement costs.
- Power of attorney to the account at SGB and the transfer of claims from the account at SGB to BS.
- two blank promissory notes with a promissory note declaration
- Additional terms and conditions: The borrower is obliged to transfer the turnover related to the execution of projects funded by the Bank through the current account at the Bank, maintained in PLN, as well as in foreign currencies, as well as at other clearing accounts at the Bank.
- If credit repayment is late, the Bank will collect interest on the outstanding amount for the period from the day following the deadline until the payment with reference to the interest rate for overdue credit.
- The credit agreement does not contain other special conditions deviating from those commonly used in agreements of that kind or provisions pertaining to penalties, whose value would exceed 10 % of the value of that agreement or the equivalent of 200,000 euros, with reference to the average rate published for a given currency by the National Bank of Poland and binding on the date of conclusion of that agreement.
The Issuer's significance criterion for agreements is the considerable total value, on the Issuer's scale, of the object of the agreements concluded by the entities belonging to the INPRO Corporate Group with SGB Bank SA during the last 12 months, that value being PLN 74,100,000.
Detailed legal grounds: Article 17(1) of Regulation of the European Parliament and of the Council (EU) No 596/2014 of 16 April 2014 on market abuse (the market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC (also referred to as the MAR).