In reference to Current Report 21/2021 of 29 July 2021 regarding the conclusion of a loan agreement (“Loan Agreement”) by the Issuer and Current Report 22/2021 of 13 August 2021, the Management Board of Summa Linguae Technologies S.A. with its registered office in Krakow (“Issuer”) , hereby announces that on 27 August 2021, a subsidiary of the Issuer – GlobalMe Localization Inc. (“Subsidiary”) – concluded – with Santander Bank Polska S.A. – an agreement regarding accession to debt, under which the Subsidiary accessed to the existing debt and future debt that may arise in connection with using up the full loan amount made available to the Company under the Loan Agreement. The Subsidiary has undertaken to repay the debt jointly and severally with the Issuer. At the same time, on 27 August 2021, the Subsidiary declared to submit to the enforcement procedure applicable to its total assets pursuant to Article 777(1)(5) of the Code of Civil Procedure, to the maximum amount of PLN 15,000,000.00 (fifteen million zlotys).
The amount of the debt accession agreement meets the materiality criterion set out in the Disclosure Policy published in Current Report 3/2020 of 9 January 2020.
Legal grounds: Article 17(1) of MAR – confidential information.
The Company’s representatives,
Krzysztof Zdanowski, CEO