Investor relations

Subject: Conclusion of a preliminary real estate sales agreement.

Legal basis: Article 17 section 1 of MAR – confidential information

Content of the report:

The Management Board of J.W. Construction Holding S.A. with its registered office in Ząbki ("Company") informs that on 30 July 2020 it concluded a preliminary contract of sale of real estate ("Contract") owned by the Company located in Warsaw at 10 Antoniewska Street constituting number 16/1 from the area 1-05-07 with the area of 1.5763 ha ("Real estate") for the amount of 17,000,000.00 PLN net plus VAT at the applicable rate with Lux Investment Spółka z o.o. with its registered office in Warsaw ("Buyer").

The payment shall be made as follows :

- 10 % of the sales price, i.e. PLN 1,700,000.00 plus VAT at the applicable rate within 30 days from the date of the Contract. The Parties have agreed that failure to make the payment within the deadline provided for in the Contract shall result in termination of the Contract as of 1 September 2020 without any declaration of dissolution by either Party;

- 90% of the sale price, i.e. PLN 15,300,000.00 plus VAT at the applicable rate until the date of concluding the final agreement from the notary's deposit. 

The deadline for the conclusion of the final agreement between the parties was set at 30 November 2020.

The Company considered the agreement to be material because in the last interim report the Real Estate was presented as allocated for investment, moreover, in accordance with the terms and conditions of issue of bonds designated with ISIN code PLJWC00000118 and PLJWC00000126 ("Bonds") 30% of the obtained net selling price will be allocated for early early repayment of the Bonds.