Brief: Polimex-Mostostal Signs Annex To Deal On Insurance Guarantees

Polimex Mostostal SA

21/01/2025 06:10

Jan 21 (Reuters) - Polimex-Mostostal SA  PXMP.WA :
    * SAID ON MONDAY IT HAS SIGNED AN ANNEX TO THE GENERAL
AGREEMENT
ON INSURANCE GUARANTEES WITH UNIQA TOWARZYSTWO UBEZPIECZEN 
    * UNDER ANNEX THE GUARANTEE LIMIT TO WHICH THE COMPANY IS
ENTITLED
IS SET AT 73.0 MLN ZLOTYS
    * SAID LIMIT IS RENEWABLE AND ITS AVAILABLE FOR COMPANY TILL
DECEMBER 31, 2025
    * THE REPAYMENT OF ANY POTENTIAL UNIQA CLAIMS IS SECURED BY
IN
BLANCO PROMISSORY NOTES ISSUED BY THE COMPANY TOGETHER WITH
BLANK BILLS OF EXCHANGE AGREEMENT AND A CASH DEPOSIT IN AN
AMOUNT NOT EXCEEDING 10% OF THE VALUE OF THE SUM OF GIVEN
GUARANTEE 

        
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 Further company coverage:  PXMP.WA  

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