2012 Current Reports EN

The Management Board of CELTIC PROPERTY DEVELOPMENTS S.A. (“the Company”, “the Issuer”) informs that today received the decision of the District Court for the Capital City of Warsaw in Warsaw, XI Commercial Division – Register of Pledges – on the basis of which on 8 May 2012 the entry in the Register of Pledges has been made on the shares of the Issuer’s subsidiary Belise Investments Sp. z o.o. based in Warsaw, Poland.

The agreement on the establishment of registered and financial pledges on Belise Investment Sp. z o.o. shares (“the Agreement”) was concluded on 4 April 2012 by and between Bank Zachodni WBK S.A., based in Wrocław, Poland (“Pledgee”) and Lakia Enterprises Limited, based in Nicosia, Cyprus (“Pledgor”) with regard to the execution of provisions of the loan agreement concluded on 12 August 2011 (“Loan Agreement”), reported by the Company in the Current Report No. 20/2011 and associated to the execution of the IRIS office building project, at Cybernetyki 9 street, in Warsaw. The pledge is to secure the payment of the Company’s obligation, i.e the investment loan, arising from the Loan Agreement.

The registered pledge was established on 1000 (one thousand) of shares in the share capital of Belise Investments sp. z o.o., with the nominal value of PLN 50,00 each. 1000 of shares in the share capital represent approximately 91% of the total number of shares (amounting to 1100) in the share capital of this company. Total nominal value of the 1000 shares amounts to PLN 50,000.00.

The registered pledge was established to the highest amount of security – investment loan of EUR 40,282,000.00 in order to secure obligations arising from the Loan Agreement. The book value of shares which are subject to the pledge amounts to PLN 5,000,000.00 and is higher than the amount of EUR 1,000,000.00.

Neither the Company and their managing persons nor the Bank Zachodni WBK S.A. and their managing persons are related parties within the meaning of Article 2.1.32 of the Decree of Minister of Finance dated 19th of February 2009 on current and periodic information published by issuers of securities and conditions for recognizing as equivalent information required by law of nonmember state.

The shares in the company Belise Investments sp. z o.o. are considered by the Issuer and its subsidiary company Lakia Enterprises Limited, as long-term investment. The Company’s subsidiary Lakia Enterprises Limited owns in total 1.100 shares in Belise Investments sp. z o.o share capital, which represent 100% of the share capital and 100% of votes in the General Meeting of Belise Investments sp. z o.o.

Legal basis:
Art. 5.1.1. of the Decree of Minister of Finance dated 19th of February 2009 on current and periodic information published by issuers of securities and conditions for recognizing as equivalent information required by law of nonmember state.

Signatures of persons entitled to representation:
1. Andrew Morrison Shepherd, President of the Management Board, 16 May 2012
2. Elżbieta Donata Wiczkowska, Member of the Board, 16 May 2012.

The Management Board of CELTIC PROPERTY DEVELOPMENTS S.A. (hereinafter “the Company”, “the Issuer”) informs that on 15 May 2012 the sale agreement (hereinafter “the Agreement”) regarding the sale of shares in 17/110 Gaston Investments spółka z ograniczoną odpowiedzialnością sp.k. was concluded. 100% of shares were owned by the Company’s subsidiaries: Challange Eighteen Sp. z o.o (99%) and Gaston Investments Sp. z o.o. (1%). As a result of the transaction, nor the Company or its subsidiaries do not hold shares in 17/110 Gaston Investments spółka z ograniczoną odpowiedzialnością sp.k.

The Agreement is not a significant agreement according to the meaning of the Decree of Minister of Finance dated 19th of February 2009 on current and periodic information published by issuers of securities and conditions for recognizing as equivalent information required by law of non-member state as well as the activities of the subsidiary company 17/110 Gaston Investments spółka z ograniczoną odpowiedzialnością sp.k.did not have a significant impact on the Company financial results.

Signatures of persons entitled to representation:
1. Andrew Morrison Shepherd, President of the Management Board, 15 May 2012
2. Elżbieta Donata Wiczkowska, Member of the Board, 15 May 2012.

The Management Board of Celtic Property Developments S.A. with the corporate seat in Warsaw (hereinafter “the Company”), registered in the Register of Entrepreneurs kept by the District Court for the capital city of Warsaw, XII Economic Division of the National Court Register under number KRS 277147, pursuant to articles 395, 399 § 1, 4021 and 4022 of the Commercial Companies Code (hereinafter “CCC”) and § 38.1 of the Ordinance of the Minister of Finance of 19 February 2009 on current and periodic information passed by issuers of securities and on conditions of considering it as equivalent to information required under the law of state that is not a Member State (Journal of Laws No. 33, item 259, as amended), hereby convenes the Annual General Meeting of the Company (hereinafter “the General Meeting” “the Annual General Meeting” or “AGM”) to be held on 24th of May 2012 at 12:00 at the Company’s office at Cybernetyki 7b, 02-677 Warsaw.

Downloads
2012_AGM_CPD_S.A._Draft_of_the_resolutions.pdf
2012_AGM_CPD_S.A._Power_of_attorney.pdf
2012_AGM_CPD_S.A._Instruction_to_the_PoA.pdf
2012_AGM_CPD_S.A._Information_on_the_total_number_of_sharesx.pdf
2012_AGM_Current_Report_6-2012_Convening_the_AGM.pdf

The Management Board of CELTIC PROPERTY DEVELOPMENTS S.A. (hereinafter “the Company”) informs that on April 18, 2012, on the basis of the press publication of Mr Michal Wojtczuk, entitled “Land for the streets is a bribe?”, published in the newspaper Gazeta Wyborcza on 18 April 2012, was informed of the possible investigation initiated by the regional public prosecutor in Warsaw on the proposition of Celtic Property Developments S.A. to gratuitously transfer to Capital City of Warsaw over 20 hectares of land for the construction of streets and schools.

The Management Board informs that as of today the Company did not received from the public prosecutor’s office any notification on this matter, and therefore it is not possible to provide further information. Upon receipt of the notification, the Company will publish subsequent current report.

The Management board has decided to publish this information in the current report mode in order to protect Company’s good reputation.

Podpisy osób uprawnionych do reprezentowania:
1. Andrew Shepherd, President of the Board, 19 April 2012
2. Elżbieta Donata Wiczkowska, Member of the Board, 19 April 2012

The Management Board of CELTIC PROPERTY DEVELOPMENTS S.A. („The Company”) hereby announces the list of all regulatory announcements disclosed by the Company to the public in year 2011.

The Management Board announces also that the full text of all reports is available on the Company’s website: www.celtic.pl, in the Investor Relations section.

Legal basis:
Article 65 section 1 of the Act on Public Offering, Conditions Governing the Introduction of Financial Instruments to an Organized Trading and Public Companies, dated 29 July 2005 (Journal of Laws from 2005, No 184, item 1539 with subsequent amendments).

Signatures of persons entitled to representation:
1. Elżbieta Donata Wiczkowska, Member of the Management Board, 5 April 2012
2. Christopher Bruce, Member of the Management Board, 5 April 2012

Downloads
CPD_S_A__List_of_information_disclosed_to_the_public_in_2011_ENG.pdf