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IMPACT DEVELOPER & CONTRACTOR S.A. - IMP

Report according art. 108 Law 24/2017 (R)

Release Date: 9/23/2021 6:32:55 PM

IRIS Code: EF4D1

 

To:       Financial Supervisory Authority - Financial Instruments and Investments Sector

             Bucharest Stock Exchange

             Regulated Market

 

From: IMPACT DEVELOPER&CONTRACTOR S.A.

CURRENT REPORT           

According to the provisions of Law No. 24/2017 on issuers of financial instruments and market operations and Regulation No. 5/2018 of FSA on Issuers of Financial Instruments and Market Operations

 

Date of the report

23.09.2021

Name of the issuing entity:

IMPACT DEVELOPER&CONTRACTOR S.A.  (the “Company” or “MPACT”)

Registered headquarters:

Willbrook Platinum Business & Convention Center, 172-176 Bucharest – Ploiesti Road, Building A, 1st Fl, Bucharest, 1st District

Telephone/fax number:

021-230.75.81/82/83, 230.75.70/71/72

Registration number with the Office of the Register of Commerce attached to the Bucharest Tribunal:

J40/7228/2018

Fiscal Code:

1553483

Subscribed and paid-in share capital:

RON 393,750,000

Regulated Market on which the issued securities are traded:

Bucharest Stock Exchange

 

IMPORTANT EVENTS TO BE REPORTED:

 

Transaction of the type listed in Art. 108 of Law No. 24/2017 and Art. 234 Letter i) of Financial Supervisory Authority’s (ASF) Regulation No. 5/2018, respectively loan agreement.

 

1.                  Contracting parties

IMPACT DEVELOPER & CONTRACTOR SA, as Lender;

GREENFIELD COPOU RESIDENCE SRL, an affiliated party to Impact, as Borrower. Impact holds 99% of the social capital of Greenfield Copou Residence SRL.

 

2.                  Conclusion date and the nature of the document

Additional Act concluded on 22 September 2021 to the Loan Agreement dated 3 September 2020 (the “Loan Agreement”).

 


3.                  Description of the object of the agreement

The cumulative value of the agreements concluded with Greenfield Copou Residence SRL by Impact exceeds 5% of the value of the net assets of Impact, as well as 10% of the net turnover related to the latest annual financial statement, this being the reason why, in accordance with the provisions of Art. 108 of Law No. 24/2017, as subsequently amended and supplemented, and the provisions of Art. 234 Letter i) of ASF Regulation No. 5/2018, Impact has the obligation to also report the cumulative value of these transactions.

Greenfield Copou Residence uses the Borrowed Amount in order to acquire some plots of land in the area of Viticultori, Iasi Municipality, Iasi County and construct a residential ensemble on such. 

 

4.                  Total value of the agreement

Current transaction value: RON 20,000,000. The cumulative value of the Loan Agreement is RON 54,720,000lei.

 

The Borrowed Amount shall bear an interest rate equal to 7.5%/year.

 

5.                  Mutual claims

Impact’ accounts receivables to be collected from Greenfield Copou Residence of RON 29,240,006.

Greenfield Copou Residence has no claims against Impact.

 

6.                  Established guarantees, penalties stipulated

There are no guarantees and penalties established.

 

7.                  Terms and payment methods

The Borrower, Greenfield Copou Residence, unconditionally undertakes to repay the Borrowed Amount to Lender in full, no later than 22 September 2022 (the “Maturity Date”). On the Maturity Date, the Parties may agree and proceed to increase the Borrower’s social capital, Greenfield Copou Residence, by the Borrowed Amount.

 

IMPACT DEVELOPER & CONTRACTOR S.A.

General Manager

Constantin Sebesanu

 

 



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