investor relations
Report concerns:
Mortgage establishment
Report’s text:
Acting pursuant to section 5.1.(1) of the Ordinance of the Minister of Finance on current and periodical reporting by issuers of securities and on conditions of accepting as equivalent of the information required by legal regulations of a non-member country of 19 February 2009 (Journal of Laws of 2009 No. 33, item 259) (henceforth the Ordinance), J.W. Construction Holding S.A., with its seat in Ząbki (henceforth the Company) hereby reports that on 1 April 2009 the Company received a Notification from the District Court in Katowice-East in Katowice, 11th Division of the Land and Mortgage Register (henceforth the Court) of 19 March 2009, informing about entering on 16 March 2009, in section 4 of the Land and Mortgage Register maintained for the following properties:
1. an undeveloped land property located in Katowice, for which the District Court in Katowice-East in Katowice maintains a Land and Mortgage Register No. KA1K/00071988/9 (plot No. 50/46 of the map 61),
2. an undeveloped land property located in Katowice, for which the District Court in Katowice-East in Katowice maintains a Land and Mortgage Register No. KA1K/00071987/2 (plot No. 50/34 of the map 61),
3. undeveloped land properties located in Katowice, for which the District Court in Katowice-East in Katowice maintains a Land and Mortgage Register No. KA1K/00039883/7 (plots Nos. 50/4, 50/5, 50/6, 50/7, 50/8, 50/9, 50/10, 50/11, 50/12, 50/13, 50/14, 50/15, 50/16, 50/17, 50/18, 50/19, 50/20, 50/21, 50/22, 50/23, 50/24, 50/25, 50/26, 50/27, 50/28, 50/29, 50/30, 50/31, 50/32, 50/33, 50/38, 50/39, 50/40, 50/41, 50/42, 50/43 and 50/44 of the map 61),
(henceforth the Properties)
a contractual capped joint mortgage, established for the benefit of Invest Bank S.A. Warsaw Branch (henceforth the Bank), up to the maximum amount of PLN 12,000,000. The mortgage was established as a security for payment of principal and interest of the loan granted by the Bank to the Company.
The value of the Properties is entered in the Company’s accounting books at their purchase price and does not exceed 10% of the Company’s equity capital. There are no connections between the Bank, and the persons managing the Bank, and the Company, or the members of its Management Board or Supervisory Board. The criterion making the said mortgage subject to disclosure in accordance with section 5.1.(1) of the Ordinance was its amount exceeding the Polish zloty equivalent of EUR 1,000,000.