2016 Current Reports EN

Board of CPD SA (the “Issuer”) announces that 15^th of December 2016, the company NP 7 Spółka Akcyjna with its registered office in Warsaw i NP 11 spółka z ograniczoną odpowiedzialnością with its registered office in Warsaw (the “Buyer”) and the Issuer’s subsidiaries, ie .: Gaston Investments spolka z ogranczona odpowiedzialnoscia with its registered office in Warsaw and Blaise Investments spolka z ogranczona odpowiedzialnoscia with its registered office in Warsaw, entered into a Sale Agreement of the rights and obligations of the general partner and a limited partner in the company Blaise Gaston Investments spolka z ogranczona odpowiedzialnoscia spolka komandytowa (the “Company”) with its registered office in Warsaw (the “Agreement”). The transaction value is 70 000 000 zł.

99% of all rights and obligations of the Company was owned by Blaise Investments spolka z ogranczona odpowiedzialnoscia with registered office in Warsaw, a subsidiary of CPD SA and 1% of all rights and obligations of the Company was owned by Gaston Investments spolka z ogranczona odpowiedzialnoscia with registered office in Warsaw, a subsidiary of CPD SA. Company owns property covered by the Local Master Plan, situated in Ursus – district of Warsaw, and the prepared project allows to build about 1 000 flats on it.

Following the transaction, CPD SA and its subsidiaries do not hold shares in Blaise Gaston Investments spolka z ogranczona odpowiedzialnoscia spolka komandytowa.

Signatures of persons representing the Company:

Elżbieta Wiczkowska, President of the Board, 15^th of December 2016

Management Board of CPD S.A. (hereinafter the „Company”) would like to inform that on 6 December 2016 the subsidiary companies of the Issuer i.e. Gaston Investments spółka z ograniczoną odpowiedzialnością with its registered office in Warsaw and Challange Eighteen spółka z ograniczona odpowiedzialnością with its registered office in Warsaw entered into the Conditional Preliminary Agreement for the Sale of rights and obligations of the general partner and limited partner in the limited partnership 11/162 Gaston Investments spółka z ograniczoną odpowiedzialnością spółka komandytowa with its registered office in Warsaw. Conditional Preliminary Agreement obligates the parties to enter into the Final Agreement by 7 July 2017. On the basis of the aforementioned agreement, the subsidiaries of the Issuer i.e. 16/88 Gaston Investments spółka z ograniczoną odpowiedzialnością spółka komandytowa and 19/97 Gaston Investments spółka z ograniczoną odpowiedzialnością spółka komandytowa (hereinafter the “Guarantors”) entered into the Surety Agreement in the form of a notarial deed under which they granted surety in connection with the security for the claims of the Creditor concerning the repayment of the earnest money [zadatek], following from the Conditional Preliminary Agreement for the sale of rights and obligations of the general partner and limited partner in the limited partnership 11/162 Gaston Investments spółka z ograniczoną odpowiedzialnością spółka komandytowa with its registered office in Warsaw.

Obligation to return the earnest money shall be effected in the case where there is a delay in payment and costs in relation to vindication of any possible claims in this respect in the course of court or enforcement proceedings.
Moreover Guarantors submitted themselves to enforcement pursuant to art. 777 § 1 subpar. 5 of the Code of Civil Procedure as regards their obligation to pay the monies up to the amount of 12,000,000 zlotys.

Surety shall be valid until 30 June 2020.

At the date of signing of the Surety Agreement an application was submitted to the land and mortgage register court to enter the Mortgages over the Real Properties to the register, and the mortgage over the real property in perpetual usufruct of 19/97 Gaston Investments spółka z ograniczoną odpowiedzialnością spółka komandytowa shall be up to the mortgage sum of 8 000 000 zlotys, and the mortgage over the real property in perpetual usufruct of 16/88 Gaston Investments spółka z ograniczoną odpowiedzialnością spółka komandytowa shall be up to the mortgage sum of 4 000 000 zlotys, and the claim secured by the mortgage shall be the obligation of Guarantors following from the Surety Agreement to repay the earnest money.

Value of the object of security does not exceed 10% of the equity of the Company, pursuant to § 2 par. 1 of the Regulation of the Minister of Finance of 19 February 2009 on the current and periodic information provided by issuers of securities and terms of recognition as equivalent of information required by the provisions of law of the country which is not a member state.

There are no connections between the Company, its subsidiaries and managers or supervisors of the Company and the entity for the benefit of which the surety was established and its managers.

 

Signatures of persons representing the Company:

Elżbieta Donata Wiczkowska, President of the Board, 7^th of December 2016

The Management Board of CPD S.A. (hereinafter the “Company”, the “Issuer”) hereby informs that on 10 October 2016 the Company concluded the Conversion agreement (hereinafter the “Conversion Agreement”) regarding amendment of the terms and conditions of series B bonds (hereinafter “Bonds”), concluded between the Company, as the Issuer and Open Finance Obligacji Przedsiębiorstw Fundusz Inwestycyjny Zamknięty Aktywów Niepublicznych with its registered seat in Warsaw as the sole bondholder (hereinafter the „Bondholder”). The Company informed about the issuance of Bonds in the current Reports Nos 2/2015 and 6/2015.

On the basis of the Conversion Agreement, the terms and conditions of Bonds were amended as follows:

1. the surety, securing obligations resulting from the Bonds, granted by the subsidiary of the Issuer, i.e. Blaise Gaston Investments spółka z ograniczoną odpowiedzialnością spółka komandytowa with its registered seat in Warsaw (the “Surety Agreement with Blaise Gaston Investments”) has been terminated;

2. as a collateral for the Bonds, sureties with the following Issuer’s subsidiaries: (i) 12/132 Gaston Investments spółka z ograniczoną odpowiedzialnością spółka komandytowa with its registered seat in Warsaw and (ii) 13/155 Gaston Investments spółka z ograniczoną odpowiedzialnością spółka komandytowa with its registered seat in Warsaw have been introduced, as well as the relevant agreements between the abovementioned subsidiaries and the Bondholder have been concluded.

3. the security in the form of mortgage on the perpetual usufruct right to the property located in Warsaw, comprising a plot of land with evidence number 111/2 with a surface area of 6,0074 hectares, for which the District Court for Warsaw-Mokotow in Warsaw, XIII Land and Mortgage Division keeps the land and mortgage book No. WA1M/00212689/6, afforded to Blaise Gaston Investments spółka z ograniczoną odpowiedzialnością spółka komandytowa was released;

4. as a collateral for the Bonds, Issuer’s subsidiaries: (i) 12/132 Gaston Investments spółka z ograniczoną odpowiedzialnością spółka komandytowa with its registered seat in Warsaw and (ii) 13/155 Gaston Investments Spółka z ograniczoną odpowiedzialnością spółka komandytowa with its registered seat in Warsaw established a contractual, first ranking,joint mortgage up to the total amount of PLN 45,000,000.00 on:

a)    perpetual usufruct right to the property located in Warsaw, Ursus district, comprising a plot of land with evidence number 132/2 with a surface area of 3,2544 hectares, for which the District Court for Warsaw-Mokotow in Warsaw, XIII Land and Mortgage Division keeps the land and mortgage book No. WA5M/00477860/2, afforded to 12/132 Gaston Investments spółka z ograniczoną odpowiedzialnością spółka komandytowa with its registered seat in Warsaw;

b)    perpetual usufruct right to the property located in Warsaw, Ursus district, comprising a plot of land with evidence number 155/2 with a surface area of 1,0998 hectares, for which the District Court for Warsaw-Mokotow in Warsaw, XIII Land and Mortgage Division keeps the land and mortgage book No. WA5M/00477861/9, afforded to 13/155 Gaston Investments spółka z ograniczoną odpowiedzialnością spółka komandytowa with its registered seat in Warsaw;

c)    perpetual usufruct right to the property located in Warsaw, Ursus district, comprising a plot of land with evidence number 158/2 with a surface area of 0,2949 hectares, for which the District Court for Warsaw-Mokotow in Warsaw, XIII Land and Mortgage Division keeps the land and mortgage book No. WA5M/00477864/0, afforded to 13/155 Gaston Investments spółka z ograniczoną odpowiedzialnością spółka komandytowa with its registered seat in Warsaw,

d)    perpetual usufruct right to the property located in Warsaw, Ursus district, comprising a plot of land with evidence number 147 with a surface area of 0,5190 hectares and the right of ownership in buildings constituting the object of ownership separate from the land, for which the District Court for Warsaw-Mokotow in Warsaw, XIII Land and Mortgage Division keeps the land and mortgage book No. WA1M/00338198/6, afforded to 13/155 Gaston Investments spółka z ograniczoną odpowiedzialnością spółka komandytowa with its registered seat in Warsaw,

e)    perpetual usufruct right to the property located in Warsaw, Ursus district, comprising a plot of land with evidence number 134 with a surface area of 0,4722 hectares and the right of ownership in the building constituting the object of ownership separate from the land, for which the District Court for Warsaw-Mokotow in Warsaw, XIII Land and Mortgage Division keeps the land and mortgage book No. WA1M/00233102/1, afforded to 13/155 Gaston Investments spółka z ograniczoną odpowiedzialnością spółka komandytowa with its registered seat in Warsaw;

5. as a collateral for the Bonds, Issuer’s subsidiaries: (i) 12/132 Gaston Investments spółka z ograniczoną odpowiedzialnością spółka komandytowa with its registered seat in Warsaw and (ii) 13/155 Gaston Investments spółka z ograniczoną odpowiedzialnością spółka komandytowa with its registered seat in Warsaw submitted themselves to voluntary enforcement under Art 777 § 1 point 5 of the Polish Code of Civil Procedure in respect of their obligations to pay the amount of PLN 45,000,000.00;

6. other terms and conditions of Bonds about which the Company informed in current reports Nos 2/2015 and 6/2015 remain unchanged.

Signatures of persons representing the Company:

Elżbieta Donata Wiczkowska, President of the Board, October 11, 2016

The Management Board of CPD S.A. (“the Company”) hereby informs about shareholders holding at least 5% of the voting rights at the Annual General Meeting of the Company held on 30 June, 2016.

List of shareholders holding at least 5% of the votes with number of votes held by each of them according to shares of the Company and an indication of their percentage share in votes represented at the Annual General Meeting of the Company and in the total number of shares of the Company, is attached to the Report.

shareholders-list

Legal basis:

Article 70 sec. 3 of the Act on Public Offering, Conditions Governing the Introduction of Financial Instruments to an Organized Trading and Public Companies, dated 29 July 2005.

Signatures of persons entitled to representation:

Elżbieta Wiczkowska, President of the Board, 1 July, 2016

The Management Board of CPD S.A. („the Company”) hereby announces the contents of resolutions adopted by the Annual General Meeting of the Company held 30 June 2016.

Resolutions adopted by the Annual General Meeting of the Company are presented in the document attached to this report.

20160630 Resolution AGM CPD SA

Legal basis:

§ 38.1.7 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 nonmembers of state

Signatures of the persons entitled to representation:

Elżbieta Wiczkowska, President of the Board, 01.07.2016