Legal basis: Article 17(1) of MAR – confidential information
Topic of the report: conclusion of a preliminary contract for the purchase of real property in Cracow
The Management Board of the company styled J.W. Construction Holding S.A. with its registered office in Ząbki (‘Company’) reports that with reference to the information submitted previously in Current Reports No 27/2017 of 28 June 2017 and No 33/2017 of 18 July 2017 It concluded, on 25 July 2017, with PKO Bank Polski S.A. with its registered office in Warsaw as the Seller (‘Bank’) a preliminary contract for the purchase of real propery situated in Cracow. The subject-matter of the purchase is unseparated units situated in Cracow at Wielopole str. 19-21, Dietla str. 86, 88 and 90: a business unit of a surface area of 8,206.50 m2, and ten housing units of a total surface area of 520.70 m2 along with appurtenant basements of a surface area of 95.65 m2. The units were described in detail in Current Report No 27/2017 of 28 June 2017.
Now a preliminary contract of sale was concluded, and it sets the final date for conclusion of the contract of sale for 30 October 2017. The outstanding part of the net sales price of PLN 43,100,000 is to be paid by the Company by 27 October 2017.
The basis for submission of this report is the relevance of the event to the Company’s operations.