Cyfrowy Polsat S A : Repayment of part of the financial indebtedness of PAK – Polska Czysta Energia Sp. z o.o.
October 03, 2023 at 09:34 am EDT
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Repayment of part of the financial indebtedness of PAK - Polska Czysta Energia Sp. z o.o.
Date:
03 Oct 2023
In connection with the acquisition on 3 July 2023 by Cyfrowy Polsat S.A. (the "Company") of shares in PAK - Polska Czysta Energia sp. z o.o. ("PAK-PCE") from ZE PAK S.A. ("ZE PAK") and exceeding the threshold of 50.5% of shares in the share capital of PAK-PCE, as reported by the Company in Current Report No. 24/2023 dated 3 July 2023 and the requirements of the facilities agreement concluded on 28 April 2023, as reported by the Company in Current Report No. 8/2023 dated 28 April 2023, the Management Board of the Company hereby announces that on 3 October 2023 PAK- PCE has repaid the financial indebtedness in the total amount of approximately PLN 568 million arising from the investment loan granted to PAK-PCE under the loan agreement dated 23 June 2021 by EFG Bank Ltd. (as reported by the ZE PAK management board in current reports no. 17/2021 dated 23 June 2021 and no. 19/2022 dated 3 July 2022) and loans granted to PAK-PCE by entities that are not members of the Company's capital group.
Legal basis
Article 17 Section 1 of the Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC
Cyfrowy Polsat SA published this content on 03 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 October 2023 13:33:04 UTC.
Cyfrowy Polsat S.A. is one of the leading media and telecommunication groups in Poland. Net sales break down by activity as follows:
- operation of digital and audiovisual media (82.3%): operation of Internet portals, radio stations and TV channels, broadcasting services for per-decoder TV streams, etc.;
- broadcasting and program production (16.9%): entertainment programs, series, etc. broadcast on TV and on radio stations ;
- other (0.8%).
CYFROWY POLSAT S.A. 
