Establishment of securities on assets carrying a significant value

18 Oct 2013

The Management Board of Cyfrowy Polsat S.A. (the 'Company') hereby informs on the establishment of securities on assets carrying a significant value by subsidiaries of the Company in connection with the Senior Facilities Agreement  concluded by the Company on March 31, 2011 and the High Yield Notes issued on May 20, 2011 by Cyfrowy Polsat Finance AB (publ), a subsidiary of the Company, which was notified by the Company in the current reports no. 11/2011 and no. 34/2011 dated March 31, 2011 and May 20, 2011, respectively.
On October 18, 2013, in connection with the contribution in kind of certain trademarks valued at PLN 880 million (the 'Trademarks') transferred by Telewizja Polsat Sp. z o.o. ('TV Polsat') to established by TV Polsat and Polsat License Ltd. (subsidiaries of the Company) Swiss simple partnership (einfache Gesellschaft) under the name Polsat Brands - on which the Company informed in the current report no. 18/2013 dated October 4, 2013 - the companies TV Polsat and Polsat License Ltd. entered into an agreement establishing registered and ordinary pledges over protection rights over the Trademarks in favour of Citicorp Trustee Company Limited seated in London, UK ('Citicorp') acting as security agent.

Registered pledges will become valid when entered into the register of pledges.]

The assets were considered significant as their value exceeds 10% of the consolidated revenues for the last four financial quarters.

Citicorp is not a party related to the Company. 

Legal grounds: Article 56 Section 1 item 2 of the Offering Act in connection with § 5 sec. 1 item 1 of the Ordinance of the Minister of Finance of February 19, 2009 regarding current and periodic information to be submitted by issuers of securities, and the conditions for recognizing equivalence of information required under non-member states regulations.

Attached files: 
Report Number: 
Last updated 10/05/2014