Report No. 5_Information on Signing of the Annex to the Guarantee Line Agreement
The Management Board of Mostostal Warszawa S.A. ("Company") informs that on 6 February 2019, the Company concluded Annex No. 11 ("Annex") to the Contract for a Guarantee Line ("Agreement") with Credit Agricole Bank Polska.
As part of the Annex to the Agreement, the following changes were introduced:
• the period of bank guarantee availability is valid until 31 December 2019,
• the maximum validity period of bank guarantees is until:
- 30 June 2020 for tender guarantees,
- 31 December 2024 for advance payment guarantee,
- 31 December 2029 for a good performance guarantee and removal of defects and faults guarantee.
Other terms of the contract do not differ from those commonly used for this type of contracts.