27/2019 Conclusion of conditional sales agreements and establishment of warranties

The Management Board of CPD S.A. (“Issuer”) informs that subsidiaries of Issuer on 20 December 2019 concluded a conditional agreement for sale of the perpetual usufruct of right to the properties:

1. 7/120 Gaston Investments spółka z ograniczoną odpowiedzialnością sp. k. with its registered office in Warsaw, plots no. 120/6, 120/13, 120/7, 120/8 and 120/12, zone no. 2-09-09, located in Warsaw, Ursus District to Aurec Capital Development Poland sp. z o.o. with its registered office in Warsaw. The selling price has been set at PLN 19 million. 7/120 Gaston Investments spółka z ograniczoną odpowiedzialnością sp.k., as warranty, have been established the contractual joint mortgage up to PLN 2,700,000.00 established by on the properties located in Warsaw, identified in the Land and Mortgage Register no. WA1M/00412696/0 and no. WA5M/00457639/8 kept by the District Court for Warsaw-Mokotów in Warsaw, 13^th Division for Land and Mortgage Register;
2. 19/97 Gaston Investments spółka z ograniczoną odpowiedzialnością sp. k. with its registered office in Warsaw, plot no. 97, zone no. 2-09-09, located in Warsaw, Ursus District to Agra Development sp. z o.o. with its registered office in Warsaw. The selling price has been set at PLN 8,3 million. 19/97 Gaston Investments spółka z ograniczoną odpowiedzialnością sp.k. established the contractual mortgage up to PLN 1,200,000.00 established by on the property located in Warsaw, identified in the Land and Mortgage Register no. WA1M/00283129/1, kept by the District Court for Warsaw-Mokotów in Warsaw, 13^th Division for Land and Mortgage Register.

In addition, the Management Board announce that it has been informed that subsidiaries of Issuer granted security for claims for the return of advance payments made by Agra Development sp. z o.o. with its registered office in Warsaw, in connection with preliminary sale agreements, with a total value of 23,2 milion, leading to the sale of the right to properties located in Warsaw in the Ursus district.

These warrienties include:

• contractual mortgage up to PLN 2,800,000.00 established by 6/150 Gaston Investments spółka z ograniczoną odpowiedzialnością sp.k. on the properties located in Warsaw, identified in the Land and Mortgage Register no. WA1M/00454073/3 and no. WA1M/00338197/9, kept by the District Court for Warsaw-Mokotów in Warsaw, 13^th Division for Land and Mortgage Register,
• contractual mortgage up to PLN 153,000.00 established by 18 Gaston Investments spółka z ograniczoną odpowiedzialnością sp.k. on the property located in Warsaw, identified in the Land and Mortgage Register no. WA1M/00283412/2, kept by the District Court for Warsaw-Mokotów in Warsaw, 13^th Division for Land and Mortgage Register,
• contractual mortgage up to PLN 7,321.54 established by 18 Gaston Investments spółka z ograniczoną odpowiedzialnością sp.k. on the property located in Warsaw, identified in the Land and Mortgage Register no. WA1M/00454074/0, kept by the District Court for Warsaw-Mokotów in Warsaw, 13^th Division for Land and Mortgage Register,
• contractual mortgage up to PLN 1,000,000.00 established by 20/140 Gaston Investments spółka z ograniczoną odpowiedzialnością sp.k. on the property located in Warsaw, identified in the Land and Mortgage Register no. WA1M/00233090/3, kept by the District Court for Warsaw-Mokotów in Warsaw, 13^th Division for Land and Mortgage Register.

The Issuer will inform about the conclusion of final agreements performing the concluded Agreements in a separate current report.

 

Legal basis:

Article 17.1 MAR – Inside information

 

Signatures of persons representing the Issuer:

Elżbieta Wiczkowska, Member of the Board, 20 December 2019

Iwona Makarewicz, Member of the Board, 20 December 2019