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Investor relations

Current reports

Current report 52/2007

Report concerns:
Positive final of a tender

Report’s text:
Acting on the basis of art. 56 section 1 point 1 of the Resolution dated on July 29th 2005 concerning public offers and terms of financial instruments implementation into organized system and publics companies (Dz. U. dated on 2005, No. 184, poz. 1539 and later modifications) J.W. Construction Holding S.A. with headquarters in Ząbki (“Company”) informs that on October 25th there was decided for the benefit of the Company an oral tender organized by Assignee of Bankruptcy of Stocznia Szczecińska Porta Holding S.A. being in insolvency (“Seller”). The tender concerned selling by the Seller the following assets: (i) 258.307 shares in company under firm Porta Transport Ltd. Company with headquarters in Szczecin (making 99,99% of its initial capital); among Porta Transport Ltd. Company’s property there are, among others, right of eternal utilization of  land of total area 94.586 square meters, localized in Szczecin in territory ‘Nad Odrą’ together with right of property for buildings and other building facilities and technical devices. (ii) right of eternal utilization of real property localized in Szczecin in the territory ‘Nad Odrą’ of total area 102.528 square meters together with right of property for buildings and other building facilities and technical devices. Final price announced by the Company as a result of an auction (that is price, to be paid for purchased assets) was 32.450.000 PLN net (initial price was 21.000.000 PLN net). On September 12th 2007, Creditors Board of Stocznia Szczecińska Porta Holding S.A. in insolvency made an agreement to sell the above-mentioned assets. Sales Agreement concerning the above assets is to be made by the Company and the Seller within 45 days from date of the tender finalization. Making the above-mentioned agreement shall be a subject of separate report issued by the Company. The Company is going to use assets which shell be purchased as a result of above tender in scope of run by it developer activity.