RB 37/2022
The Management Board of PragmaGO S.A., based in Katowice _”Issuer_, informs that on October 3, 2022. The Issuer has entered into an agreement with Chabasiewicz Kowalska i Wspólnicy Spółka Komandytowo – Akcyjna, based in Kraków _”Pledge Administrator”_ acting as a pledge administrator on its own behalf, but for the benefit of the bondholders entitled under the Series B1 Bonds issued by the Issuer under the Third Public Bond Issuance Program _”Series B1 Bonds”_, a registered pledge agreement on a set of variable rights _”Set Pledge Agreement”_ and a registered pledge agreement on receivables from a bank account _”Account Pledge Agreement”_, to secure the receivables of the bondholders entitled under the Series B1 Bonds.
The registered pledge on the set of floating rights, which is the subject of the Set Pledge Agreement, was established up to the highest security amount of PLN 24,000,000.
Under the Collection Pledge Agreement, the Issuer undertook not to sell or encumber the object of the registered pledge as a whole, or the individual receivables included in the collection, before the expiration of the pledge. The Collection Pledge Agreement stipulates that the Pledge Administrator may, at its discretion, satisfy the Bondholders’ claims from the pledged object: through court enforcement proceedings, through sale by public tender conducted by a bailiff or notary public, by taking ownership of the collection of receivables as a pledged object.
The registered pledge on the Issuer’s present and future rights, receivables and claims against the bank maintaining the Issuer’s bank account, including in particular a claim for payment of amounts accumulated in the account together with all accrued interest, which is the subject of the Account Pledge Agreement, was established up to the highest security amount of PLN 24,000,000.
The Account Pledge Agreement stipulates that the Pledge Administrator may, at its discretion, satisfy the Bondholders’ claims from the pledged property: through court enforcement proceedings or by taking ownership of the pledged property.
The Issuer announced the issuance of the Series B1 Bonds through Current Report No. 36/2022 dated October 3, 2022.
Legal basis: Article 17 (1) MAR – confidential information.
