Major capital deposits and equity investments in 2015
On 14 April 2015, a Deed of Association of Budimex H Sp. z o.o. was signed. The share capital of the new company amounts to PLN 125 thousand (2,500 shares with a nominal value of PLN 50) and was taken up in full by Budimex PPP SA. The company was entered in the National Court Register on 8 June 2015.
On 14 April 2015, the Deed of Association of Budimex I Sp. z o.o. was signed. The share capital of the new company amounts to PLN 125 thousand (2,500 shares with a nominal value of PLN 50) and was taken up in full by Budimex PPP SA. The company was entered in the National Court Register on 8 June 2015.
On 14 April 2015, the Extraordinary General Meeting of Budimex PPP SA (a subsidiary of Budimex SA) resolved to increase the company’s share capital by PLN 150 thousand, i.e. from PLN 780 thousand to PLN 930 thousand by way of issue of 150 shares with the nominal value of PLN 1 thousand, which were taken up in full by Budimex SA. The increase of the share capital was entered in the National Court Register on 10 June 2015.
On 29 April 2015, the company deed of Budimex SA Energetyka 1 Sp.j. was signed. Budimex SA holds 50% of shares in this company, whereas the remaining 50% is held by Budimex Budownictwo Sp. z o.o. The company was entered in the National Court Register on 14 May 2015.
On 29 April 2015, the company deed of Budimex SA Energetyka 2 Sp.j. was signed. Budimex SA holds 50% of shares in this company, whereas the remaining 50% is held by Budimex A Sp. z o.o. The company was entered in the National Court Register on 14 May 2015.
On 10 June 2015, the company deed of Budimex SA Ferrovial Agroman (UK) Limited – Metro II Sp.j. was signed. Budimex SA holds 50% of shares in this company. The company was entered in the National Court Register on 17 July 2015.
On 31 July 2015, a resolution was adopted on the final liquidation of Budimex B Sp. z. o.o. The company was deleted from the National Court Register on 17 November 2015.
On 18 December 2015, the Extraordinary General Meeting of FBSerwis SA (an associate of Budimex SA) resolved to increase the company’s share capital by PLN 68,000 thousand, i.e. from PLN 20,000 thousand to PLN 88,000 thousand. All new shares were acquired by existing shareholders, i.e. Ferrovial Servicios S.A. — 69,360 shares with the nominal value of PLN 500 per share, for the total amount of PLN 43,350 thousand and Budimex SA — 66,640 shares with the nominal value of PLN 500 per share, for the total amount of PLN 41,650 thousand.
On 18 December 2015, the Extraordinary General Meeting of Budimex PPP SA (a subsidiary of Budimex SA) resolved to increase the company’s share capital by PLN 360 thousand, i.e. from PLN 930 thousand to PLN 1,290 thousand by way of issue of 360 shares with the nominal value of PLN 1 thousand, which were taken up in full by Budimex SA.
On 22 December 2015, the Extraordinary General Meeting of Budimex Autostrada SA (a subsidiary of Budimex SA) resolved to increase the company’s share capital by PLN 240 thousand, i.e. from PLN 440 thousand to PLN 680 thousand by way of issue of 240 shares with the nominal value of PLN 1 thousand, which were taken up in full by Budimex SA.
On 22 December 2015, the Extraordinary General Meeting of Budimex Most Wschodni SA (a subsidiary of Budimex SA) resolved to increase the company’s share capital by PLN 120 thousand, i.e. from PLN 220 thousand to PLN 340 thousand by way of issue of 120 shares with the nominal value of PLN 1 thousand, which were taken up in full by Budimex SA.
Information about borrowings granted during the financial year, including in particular borrowings granted to the Issuer’s related parties
On 15 January 2015, Budimex SA signed a borrowing agreement with Budimex Bau GmbH for the amount of EUR 10 thousand valid through 18 January 2020. In accordance with the agreement, the interest rate for the borrowing was 3%. As at 31 December 2015, the disbursed amount of the borrowing was EUR 10 thousand.
On 24 March 2015, Budimex SA signed a borrowing agreement with FBSerwis SA (an associate of Budimex SA) valid through 24 March 2020. Budimex SA granted FBSerwis a borrowing up to the amount of PLN 17,689 thousand. In accordance with the agreement, the interest rate for the borrowing was at the level of 3M WIBOR + margin. Pursuant to the annexe of 10 December 2015, the borrowing was reduced to the amount of PLN 3,969 thousand. As at 31 December 2015, the borrowing was not used, the interest on borrowing in the amount of PLN 552 thousand was paid on 4 January 2016.
On 1 December 2015, an agreement concerning a borrowing granted in 2004 to Budimex SA by Ferrovial Infraestructuras SA (currently Cintra Infraestructuras SA) was extended, and the interest due for the period from 1 December 2014 was capitalised. Therefore, the amount of the borrowing increased by EUR 22 thousand to EUR 2,054 thousand. The borrowing repayment date is 1 December 2016.
