Current report no. 4/2011
Date of issue: 2011-04-04
Name of issuer: TALEX
Subject: Concluding The establishment of a mortgage on the property of the Company
Legal basis: Art. 56 (1) (2) of the Act of 29th July 2005 on public offerings - current and periodic information
The contents of the report:
Management of Talex S.A. informs that on 4 April 2011 the Company, by a notarial deed, established a deposit mortgage for the amount up to PLN 10 million to Bank Zachodni WBK S.A. with its seat in Wroclaw. The mortgage has been established for the property owned by the Company, registered in the Land and Mortgage register kept by the District Court Poznan - Stare Miasto in Poznan, V Department of Land Registers, KW No. P01P/00137.699/9. The property is a plot of land of 14,744.00m2 area, built-up with an office building of the 2,445.80 m2 floor area. The value of the property, registered in accounting books of the Company, is equal to PLN 8.5 million net. The mortgage is a collateral for the renewed agreement on the limit of bank guarantees provided by Bank Zachodni WBK S.A. to the Company.
Together with entering the mortgage in question to the Land and Mortgage register kept for the indicated property, the bank shall agree to delete the earlier established mortgage equal to PLN 7 million, establishing of which the Company reported in Current Report No. 7/2010.
No relationship exists, in the meaning of regulations for financial instruments trading, between the Company, managing persons, persons supervising the Company and the bank.
The criterion to acknowledge the assets as assets of significant value: the amount of equity.
TALEX SA declares that corporate documents and financial reports are published in English for information purposes only. TALEX SA is not liable for the accuracy of the translation of the original documents in Polish. The original versions of that documents are available at the management board office in Poznań, Karpia Street 27d.