Management Board of Qumak S.A. (the Company) informs that on 20 October 2015 there was signed an Annex to reverse factoring agreement the Company made with BGŻ BNP Paribas Factor Sp. z o.o. (previously BNP Paribas Factor Sp. z o.o.) on 14 July 2014.
Subject of this agreement is permanent provision of services of reverse factoring involving financing liabilities of the Company to its suppliers. About entering into the agreement the Company informed in a current report no 39/2014 of 14 July 2014.
With an Annex of 20 October 2015 there was increased the granted factoring limit up to the amount of PLN 20 000 000 (from an amount of PLN 10 000 000).
Other provisions of the Agreement remain unchanged.
The Agreement meets a criterion of substantial agreement for a fact that its value at the time of signing exceeded a criterion point of considering it as substantial, i.e. 10% of Qumak S.A. equity.
RMF of 19 February 2009 on current and periodic information, § 5(1)(3)