Current report 33/2010
Acting pursuant to section 5.1 point 11 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 No.33/2009 item 259) („("the Ordinance")”)
J.W. Construction Holding S.A. with its seat in Ząbki („the Company”) reports, that on
25 June 2010, the Company issued, in total, 1,300 unsecured long-term bonds with a nominal value of PLN 100,000 each, with a total value ofPLN 130,000,000 whose issue price corresponds to a nominal value and interest rates were based onWIBOR 3M plus margin("Bonds")”), with the maturity date - 25 June 2013.
The Company’s liabilities as at 31 March 2010 amounted to PLN 929.687.744,38, of which long-term liabilities: PLN 87.107.996,68, short-term liabilities: PLN 842.579.747,70 (including building contracts with a value of PLN 295.131.691,58). The Company intends to maintain its liabilities at a safe level. Funds raised through Bond issues will be allocated to funding the Company’s development strategy.The investment plans of the Company for the following years 2010 - 2011 assume the beginning of development projects on a part of owned land of housing and commercial projects. The Company also monitors the market from the point of view of purchasing new land or projects for future investments, that will accelerate the development of the Capital Group of the Company in the future.
Housing projects that may be co-financedwith financial resources from Bonds issueinclude the construction of about 4300 flats. The Company plans to begin these projects gradually within the next 2-3 years. In turn, the commercial investments operated by the Companyinclude 4 office projects with a total usable area of 72,000 square metres.2