Subject: Signing of a letter of intent for the sale of the Company's real estate.
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 26 January 2021 the Company signed a Letter of Intent ("Letter") with Robyg S.A. with its registered office in Warsaw ("Buyer") regarding the determination of preliminary conditions of sale of the real estate owned by the Company and located in Warsaw at 10 Antoniewska Street, number 16/1, precinct 1-05-07, of an area of 1,5763 ha ("Real Estate").
The parties have agreed on the following terms:
The sale price of the Real Estate amounts to PLN 17,000,000.00 net plus VAT at the applicable rate;
The sale agreement shall be concluded if the due diligence process conducted by the Buyer is satisfactory to it and the Buyer's Supervisory Board agrees to the purchase;
The Buyer shall, within 30 days of the signing of the Letter, conduct due diligence, after which it shall notify the Company of the outcome;
The Company shall, within 7 days, provide the Buyer with the documents and information in its possession to carry out the due diligence process;
The Company granted the Buyer exclusivity for a period of 30 days and agreed to refrain from any activities, negotiations with third parties regarding the sale of the Real Estate.
Should the Buyer submit a statement on the satisfactory outcome of the due diligence, the Parties shall commence actions aimed at concluding the sale agreement no later than within 14 days after the due diligence deadline expires.