26/2019 Conclusion of Final Sale Agreement Rights to perpetual usufruct of a real estate owned by a subsidiary of the Issuer

In reference to current reports no. 41/2018 of 15 November, 2018 and no. 25/2019 of 30 October, 2019 the Management Board of CPD SA (“Issuer”) informs that subsidiaries of the Issuer 2/124 Gaston Investments spółka z ograniczoną odpowiedzialnością sp. k. with its registered office in Warsaw and 3/93 Gaston Investments spółka z ograniczoną odpowiedzialnością sp. k. with its registered office in Warsaw (“Sellers”) 5 December 2019 concluded final agreement for sale of the right of perpetual usufruct of the properties consisting of plot no. 124/2, zone no. 2-09-09 with an area of 10,726 m2, and plot no. 93/3, zone no. 2-09-09 with an area of 25,830 m2 located in Warsaw, Ursus District (“Agreement”) to NEWTOWNS spółka z ograniczoną odpowiedzialnością and NEOVITA NOVA spółka z ograniczoną odpowiedzialnością.

The condition for the conclusion of final sale agreement was the failure of the President of Capital City of Warsaw to the right of first refusal to this property and land plot no. 124/2 and 93/3. In connection with the fact that the President of Capital City of Warsaw did not use the above right, the condition is considered fulfilled.

The selling price of perpetual usufruct rights has been set at PLN 70,669,350.

The remaining provisions of the Agreements concluded by the Sellers do not differ from the standards commonly applicable to this type of contracts.

 

Legal basis:

Article 17 para. 1 of the MAR Regulation.

 

Signatures of persons representing the Company:

Elżbieta Wiczkowska, Member of the Board, 5 December 2019

Iwona Makarewicz, Member of the Board, 5 December 2019