investor relations
Legal basis: Legal basis: Article 17 section 1 of MAR – confidential information
Subject of the report: Annex to a significant agreement for the execution of an investment project.
The Management Board of J.W. Construction Holding S.A. with its registered office in Ząbki („Company”) informs that on 12 December 2018, an annex was signed to the agreement of 14 July 2017, concluded with J.W. Construction Sp. z o.o. with its registered office in Ząbki, as the General Contractor („Contractor”) - subsidiary to the Company. The subject of the agreement is comprehensive execution of construction and assembly works of multi-family buildings A2, B2 and B3 from the Contractor's materials, under the system of general performance, together with land development, of which the Company informed in the current report no. 31/2017 of 14 July 2017.
By way of the annex, the following has been altered :
- The deadline for obtaining a valid occupancy permit has been set at 31 December 2020.
- The lump-sum remuneration agreed between the parties has been increased to the amount of PLN 82,875,000 plus VAT at the rate applicable on the date of issuing the invoices.
The basis for the submission of this report is, in the Company's opinion, the relevance of the concluded annex to the operations of the Company's Capital Group.