Börsiteade

Pealkiri

Conclusion of a cash loan agreement.

Teade

The Management Board of INVESTMENT FRIENDS CAPITAL SE with its seat in Tallinn hereby informs that on 01/10/2020 the Issuer as the Lender concluded a Cash Loan Agreement with PATRO INVEST OÜ with its seat in Tallinn (Register code: 14381342) as the Borrower.

Under the Agreement of October 1, 2020, the Issuer granted the Borrower a cash loan in the amount of PLN 11,800,000.00 (say: eleven million eight hundred thousand zlotys 00/100) for the period until December 31, 2024.

The loan bears interest at a fixed interest rate of 2.7%. The parties agreed that the Borrower will make monthly interest payments, which will be payable in arrears for each calendar month by the 20th day of the following month. The capital will be paid on a one-off basis until December 31, 2024.

The lender has secured the repayment of the loan amount together with interest and any other claims that may arise from the concluded Agreement by receiving from the Borrower a blank promissory note together with a promissory note declaration.

The Issuer also informs that there are personal ties between INVESTMENT FRIENDS CAPITAL SE and PATRO INVEST OÜ in Tallinn, Estonia. A member of the Issuer's Management Board is a Member of the Borrower's Management Board. Moreover, the Issuer informs that the Borrower is a significant shareholder of the Lender (69.6%).