Current Report No. 20 of July 1, 2026
The Management Board of VIGO Photonics S.A. with its registered office in Ożarów Mazowiecki (the "Company", the "Issuer"), with reference to Current Report No. 4/2026 of March 25, 2026, regarding the publication of delayed inside information on the acquisition by a subsidiary of VIGO Photonics S.A. of the assets of Infrared Associates, Inc., the conclusion of a credit facility agreement and a loan agreement to finance acquisitions and investments, and the refinancing of existing debt, hereby informs that on June 30, 2026, the Issuer received a ruling of the District Court for the Capital City of Warsaw in Warsaw, 11th Commercial Division - Pledge Register, dated April 15, 2026, regarding the entry into the pledge register of a pledge on plant and equipment owned by the Company (hereinafter referred to as the "Ruling").
The Ruling concerns the entry of a registered pledge, which constitutes the final element establishing and concluding the process of setting up a full security package for Powszechna Kasa Oszczędności Bank Polski S.A. with its registered office in Warsaw ("PKO BP"), acting as the pledge administrator, in order to secure the claims of PKO BP, Fundusz Ekspansji Zagranicznej 2 Fundusz Inwestycyjny Zamknięty Aktywów Niepublicznych (Foreign Expansion Fund 2 Closed-End Non-Public Assets Investment Fund), managed by PFR Towarzystwo Funduszy Inwestycyjnych S.A. with its registered office in Warsaw, and Korporacja Ubezpieczeń Kredytów Eksportowych S.A. with its registered office in Warsaw ("KUKE"), arising from agreements concluded with the Issuer and its subsidiary VIGO Photonics Corporation: (1) the Credit Facility Agreement dated December 18, 2025, comprising an acquisition facility up to a maximum amount of USD 3,000,000.00, an investment facility up to a maximum amount of EUR 3,000,000.00, and a revolving facility up to a maximum amount of EUR 5,000,000.00, and (2) the Loan Agreement dated December 18, 2025, up to a maximum amount of USD 5,500,000.00.
The subject of the security consists of individual fixed assets of the Company with a unit value exceeding PLN 500,000 and with a total book value as of May 31, 2026, amounting to PLN 45,932,325.84. The security is established in the form of a separate registered pledge with the highest priority of satisfaction on each fixed asset (individually) as security for the repayment of claims up to a maximum security amount of EUR 33,150,000.00.
The full security package provided for in the financing documentation has been established and includes:
1. Registered pledges on individual fixed assets of the Company described at the beginning of this current report.
2. A registered pledge on the Issuer's shares in VIGO Ventures Alternatywna Spółka Inwestycyjna sp. z o.o.
The subject of the security consists of the shares held by the Issuer in VIGO Ventures Alternatywna Spółka Inwestycyjna sp. z o.o. The security is established in the form of a registered pledge with the highest priority of satisfaction on the aforementioned shares with a total value of PLN 5,175,500.00 as security for the repayment of the secured claims up to a maximum security amount of EUR 33,150,000.00.
3. A pledge on the shares of VIGO Photonics Corporation
The subject of the security consists of all rights of the pledgor to 5,000 shares in Vigo Photonics Corporation with its registered office in the USA, representing 100% of its share capital, together with any future shares acquired in this company and rights to dividends and amounts arising from their disposal. Additionally, the security includes an assignment of the Pledgor's rights under the intra-group loan agreement granted by VIGO Photonics S.A. to VIGO Photonics Corporation.
4. Registered pledges on claims from the Company's bank accounts.
The security provides for a separate registered pledge with the highest priority of satisfaction on each of the rights from the accounts specified in the pledge agreement as security for the repayment of the secured claims up to a maximum security amount of EUR 33,150,000.00.
5. A joint contractual mortgage on real estate owned by the Issuer, located in Ożarów Mazowiecki
The security includes the establishment of a joint contractual mortgage up to the amount of EUR 33,150,000.00 on the perpetual usufruct right to land plots held by the Company, together with the ownership right to the buildings located thereon in Ożarów Mazowiecki at Poznańska Street.
6. A statement on submission to enforcement up to the amount of USD 4,500,000, executed by the Company in the form of a notarial deed.
7. An assignment of rights under commercial agreements and insurance policies to secure claims arising from the incurred liabilities.
The Management Board of the Company informs that there are no personal or capital ties between the Company, its management or supervisory personnel, and the entities in whose favor the securities have been established