Investor relations

Legal basis: Article 17(1) of MAR – confidential information

Topic: Conclusion of the final sales contract, and establishment of mortgage.

Content of the report:

The Management Board of the company styled J.W. Construction Holding S.A. with its registered office in Ząbki (‘Company’) with reference to Current Report No 12/2017 of 12 June 2017, reports that on 29 June 2017 It concluded a contract for the transfer of ownership of plots of land No 22/3 (Land and Mortgage Register SZ1S/00221568/6) and 22/2 (Land and Mortgage Register SZ1S/00082676/9) situated in Szczecin at Al. Wyzwolenia (‘Real Property’) to Hanza Invest S.A. with its registered office in Ząbki (the entity controlled in 100% by the Company) in the performance of the contingent contract concluded on 12 June 2017, the conclusion of which was notified by the Company in Current Report No 12/2017.

At the same time, in the contract for transfer of ownership, Hanza Invest S.A. made a statement on the establishment of mortgage on Real Property for the benefit of Allior Bank S.A. with its registered office in Warsaw in the amount of up to PLN 212,684,568. The mortgage was established to secure the credit that was granted to, and then and notified by, the Company in Current Report No 7/2017 of 10 February 2017. 

The basis for submission of this report is the relevance of the event to the Company’s operations.