Current report no 55 / 2010

Date: July 14, 2010

Merger of Budimex SA with Budimex Auto - Park Sp. z o.o.

The Management Board of Budimex S.A. ("the Company") was informed by Bank Ochrony Środowiska S.A. about the conclusion of an agreement on the establishment of an engagement limit in the form of a renewable line on bank guarantee ("the Agreement") on 14 July 2010.
According to the Contract:
1. The Company may order the Bank to issue bank guarantees up to a sum total of PLN 100,000,000.00 (one hundred million zloty).
2. The guarantee limit has been granted until 8 July, 2011.
As security for the guarantee limit, the Company grants the Bank a power of attorney to administer the Company’s bank account maintained by the Bank .
Moreover, to each guarantee issued by the Bank within the line, the Company will submit a declaration on submission to bank execution concerning liabilities resulting from the guarantee.
Other provisions of the Contract are consistent with those commonly used for this type of agreement.
The Contract value exceeds 10% of the equity of Budimex SA.

( more )

Shareholdership structure as on 20.05.2021

GPWKNFRespect IndexSEGWIG Budownictwo