2019 Current Reports EN

CPD SA Management Board informs that in Current Report No. 23/2019 published on 18 September, 2019, there was a mistake in indicating incorrect data of the property being sold, i.e.

instead of: “plot No. 98/1, 2-09-09 with an area of 4,244 m2”,

should be: “plot No. 98/2, 2-09-09 with an area of 6.5203 m2“.

For that reason, the correction of the above-mentioned current report is made.

 

Legal basis:

15.2 the Decree of Minister of Finance dated March 29, March 2018 on current and periodic information published by issuers of securities and conditions for recognizing as equivalent information required by law of nonmembers of state.

 

Signatures of persons representing the Company:

Elżbieta Wiczkowska, President of the Board, 18 September 2019

In reference to current reports no. 1/2017 of January 30, 2017 and 9/2018 of February 22, 2018, the Management Board of CPD SA (“Issuer”) informs that September 18, 2019 the subsidiary company of the Issuer ie. IMES Poland sp. z o.o., with its registered office in Warsaw (“Company”) concluded a final agreement for sale of the right of perpetual usufruct of the real property consisting of plot No. 98/2, 2-09-09 with an area of 6,5203 m2, located in Warsaw, Ursus District, near Gierdziejewski Street (“Agreement”) to Ronson Development – City 3 sp. z o.o. sp. k. (“Purchaser”).

The Agreement was concluded as the implementation of preliminary and conditional purchase agreements, of which the Issuer informed in the current reports No. 1/2017 of January 30, 2017 and 9/2018 of February 22, 2018.

According to the provisions of the Local Master Plan, the real estate in majority is intended for services and multi-family housing.

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

 

Legal basis:

Article 17.1 MAR – Inside information

 

Signatures of persons representing the Company:

Elżbieta Wiczkowska, President of the Board, 18 September 2019

Management Board of CPD S.A. (hereinafter the ”Company”) hereby reports that on 30 July, 2019 the Company has been notified by: Laxey Group Limited, Laxey Partners Limited, The Value Catalyst Fund Limited, entities closely related to the person performing managerial duties at CPD S.A. of transaction into shares, concluded on 29 July, 2019, referred to in art. 19 sec. 3 MAR regulation.

The notifications are attached to this report.

Laxey Group_formularz

Laxey Partners_formularz C.Kingsnorth_A.Pegge_M.Haxby

VCF_Formularz

 

Legal basis:

Art. 19 par. 3 MAR – transactions conducted by entities closely associated with persons that discharge of managerial duties

 

Signatures of persons authorized to represent the Company:

Elżbieta Wiczkowska, President of the Management Board, 1 August, 2019

The Management Board of CPD SA (the “Company”), announces that on July 30, 2019 the Company received the notifications pursuant to Art. 69 of the Act of July 29, 2005 on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organized Trading, and Public Companies (Journal of Laws of 2009 No. 184, item.1539), from The Value Catalyst Fund, Laxey Partners Limited and Laxey Group Limited.

The notice is attached to the Report bellow.

Notification of LGL_July 2019

Notification of LPL_July 2019

Notification of VCF_July 2019

 

Legal basis:

Article 70 point 1 and Art.70a of the Act on the offering – purchase or sale of a significant share package.

 

Signatures of persons entitled to representation:

Elżbieta Wiczkowska, President of the Management Board, 1 August, 2019

The Management Board of CPD S.A. (the Company, the Issuer) informs about signing by its subsidiary as the principal on 16 July 2019 with the company Unibep S.A. (the Contractor) of the contract for construction works in general contracting system at Dyrekcyjna, Quo Vadis and 47KD-D streets in Warsaw (the Contract) within the framework of URSA HOME project (the Investment). The Investment is a joint construction venture consisting in joint realization by the companies from the Company’s capital group and members of Unibep capital group (Unibed Group) of the complex of blocks of flats with shops and ancillary infrastructure (the Investor Agreement). Amendment of the investment contract for realization of joint construction ventures was notified by the Company i.a. in the current reports No. 39/2018 and 40/2018.

The principal is URSA PARK Smart City Sp. z o.o. spółka komandytowa with the corporate seat in Warsaw, in which the limited partner is the Issuer’s subsidiary Challange Eighteen Sp. z o.o. and the unlimited partner is the Issuer’s subsidiary Smart City Sp. z o.o. (the Principal). The subject matter of the contract is realization of the Project 2 within the meaning of the Investment Agreement, i.e. residential estate consisting in construction of 3 blocks of flats with underground garage and land arrangement. The works will be carried out in two stages. The erected blocks of 7 over-ground levels will contain in total 341 flats, 17 shops and 342 parking places.

The 1st stage is expected to start in 3rd quarter of 2019 and to end in 4th quarter of 202. The 2nd stage expected to start in 3rd quarter of 2019 and to end in 1st quarter of 2021.

The fee for completion of the 1 stage amounts to ca. zł 41,3 million net and for completion of the 2nd stage ca. zł 43,50 million net.

The contract provides for a possibility to charge contractual penalties by the Contractor to the Principal for waiver of the contract caused by the Principal’s fault at 10% for a given stage. The provision on contractual penalties does not prevent the Contractor from claiming compensation higher than the contractual penalties on common terms.

Other contractual provisions, including security of proper implementation of the Contract and the possibility of waiver, do not differ from typical provisions of such contracts.

The Management Board of CPD further informs of execution on 16 July 2019 of the annex to the investment contract (single text on 26/10/2018) concerning joint realization with Unibep group of Ursa construction investment. The annex changes the expected fee of the Contractor for its construction works in Ursa Home investment and increases the share in profit of CPD’s subsidiary for participation in the company that handles the investment.

 

Legal basis:

Article 17.1 MAR – Inside information

 

Signatures of the persons entitled to representation:

Elżbieta Wiczkowska, President of the Board, July 2019