Investor relations

Legal basis: Art.17 section 1 of MAR – confidential information  

Subject of the report: Conclusion of a real estate purchase agreement in the performance of a conditional agreement. 

The Management Board of J.W. Construction Holding S.A. with its business seat in Ząbki (the “Company”) informs that on September 11, 2018, in the performance of a conditional agreement that the Company informed about in the current report no. 29/2018 on August 31, 2018, it concluded the contract transferring the ownership of real estate constituting the plots no. 555, 556 and 557/1 with a total area of 29,4000 ha located in Zawada in the gmina of Myślenice, hereinafter referred to as “the real estate”.

The price for the real estate was set at PLN 21.000.000 and constitutes a gross sum.

The agreement transferring the said ownership was signed in relation to not exercising the right of pre-emption by the State Treasury represented by: 

1) Polish State Forests in relation to the right of pre-emption due under art. 37a of the Act of 28 September 1991 on forests (Journal of Laws of 2015, item 2100, as amended). 

2) Starost of Myślenice in connection with the right of pre-emption due under art. 217 par. 13 of the Act of 20 July 2017 on Water Law (Journal of Laws of 2017, item 1566.).

The basis for the submission of this report is the significance of the event due to the operations of the Company.