News EN

The Management Board of CELTIC PROPERTY DEVELOPMENTS S.A. informs, that the following parameters were admitted with regard to the planned Company’s shares buy back for the purpose of redemption.

1) The maximum total number of bought shares shall not be greater than 11.541.891 shares;
2) Maximum price per share shall not be higher than 15,89 PLN.

The shares buy back may be carried out in several stages and according to the proposed draft resolution of the Extraordinary Meeting of Shareholders all the stages of the buy-back process must be completed no later than 31 December 2013.

The maximum number of shares that the Company intends to buy back results from the value of the Company real estate portfolio dedicated to be sold which includes all real estate projects except Ursus project, according to the change in the Company’s and its capital group’s strategy as announced in the Annual Report for the year 2011.

The number of shares which shall be bought back depends on the progression of sales of the Company’s real estate portfolio and it is possible that total number of shares bought back shall be lower than the maximum.

The maximum share price of PLN 15,89 PLN was established on the basis of the Company’s net assets value by one share, as at 31 March 2012.

Detailed information can be found at:

http://www.celtic.pl/en/investor-relations/market-filings/current-reports/information-on-the-parameters-of-the-planned-shares-buy-back-for-the-purpose-of-redemption

The Management Board of Celtic Property Developments S.A. with the corporate seat in Warsaw, registered in the Register of Entrepreneurs kept by the District Court for the capital city of Warsaw, XIII Economic Division of the National Court Register under number KRS 0000277147, pursuant to § 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 Extraordinary General Meeting of the Company to be held on 10 August 2012 at 12:00 at the Company’s office at Cybernetyki 7B, 02-677 Warsaw,

Detailed information on the Extraordinary General Meeting can be found at:

http://www.celtic.pl/en/investor-relations/market-filings/current-reports

or

http://www.celtic.pl/en/investor-relations/company-info/general-meeting-of-shareholders

The Management Board of Celtic Property Developments S.A. with the corporate seat in Warsaw, registered in the Register of Entrepreneurs kept by the District Court for the capital city of Warsaw, XIII Economic Division of the National Court Register under number KRS 0000277147, pursuant to § 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 Extraordinary General Meeting of the Company to be held on 10 August 2012 at 12:00 at the Company’s office at Cybernetyki 7B, 02-677 Warsaw,

Detailed information on the Extraordinary General Meeting can be found at:

http://www.celtic.pl/en/investor-relations/market-filings/current-reports

or

http://www.celtic.pl/en/investor-relations/company-info/general-meeting-of-shareholders

The draft of zoning plan for redevelopment of postindustrial areas in the area of Orłów Piastowskich street is open to the public for the second time, from 30 May 2011 to 30 June 2011 at the headquarters of the City Office of Warsaw. Details can be found in the attached notice.

 

The Management Board of Celtic Property Developments S.A. with the corporate seat in Warsaw, 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 398, 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 Ordinary General Meeting of the Company (hereinafter “the General Meeting” “the Ordinary General Meeting” or “OGM”) to be held on 6th of June 2011 at 12:00 at the Company’s office at Rondo ONZ 1, 00-124 Warsaw.