Investor relations

Legal basis : art. 17 section 1 of MAR - confidential information.

Subject: Signing the letter of intent on the sale of the Company's real estate

Content of the report:

Management Board of J.W. Construction Holding S.A. with its registered office in Ząbki "Company" informs that it signed today a letter of intent with Polish Hospitality Group Luxury Hotels Sp. z o.o. with its registered office in Krakow ("PHGLH"), the object of which is to determine preliminary conditions of sale of developed real estate located in Krakow at 19-21 Wielopole and 86-90 Dietla streets ("Real Estate"). 

The conclusion of the letter of intent does not give rise to any obligation either with respect to acquisition by PHGLH of the Real Estate or its disposal by the Company. Within 60 days from the conclusion of the letter of intent, PHGLH shall analyse the Real Estate and then inform the Company of any interest in purchase.

Due to the fact that the Parties have concluded that the price of the Real Estate is not to be lower than PLN 100,000,000.00 (one hundred million) net, the Company has qualified the fact of signing the aforementioned Letter of Intent as a significant event, despite its non-binding nature.