Current report

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Current Report No. 45/2020

JSW S.A. signs a preferential loan agreement with the Polish Development Fund under the government program entitled “The PFR Financial Shield for Large Companies”

Body of the report:

The Management Board of Jastrzębska Spółka Węglowa S.A. (“JSW” or “Company”) hereby reports, with reference to Current Report No. 42/2020, that a loan agreement was signed today by JSW, Polski Fundusz Rozwoju S.A. (Polish Development Fund, “PFR”) as well as Jastrzębskie Zakłady Remontowe Sp. z o.o. and JSW KOKS S.A. as loan guarantors.

Under the agreement, a preferential loan in the amount of PLN 173,600,000 (one hundred seventy-three million six hundred thousand Polish zloty) will be granted to the Company under the government program entitled “The Polish Development Fund’s Financial Shield for Large Companies”. The terms and conditions of the final agreement do not differ from those presented by JSW in its Current Report Nos. 40/2020 and 42/2020. The fulfillment of the primary condition precedent for the disbursement of funds by PFR under the loan agreement signed today was announced by the Company in Current Report No. 43/2020.

The disbursement of the preferential loan is expected to be effected by the end of this year.


Legal basis: Article 17(1) of Regulation (EU) No. 596/2014 of the European Parliament and of the Council of 16 April 2014 on Market Abuse 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


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