Update of information regarding the agreement concluded by the Issuer, establishing the basic terms and conditions for the acquisition of shares in companies owning real estate in the USA
Management Board of the company under the name CPD S.A. with its registered office in Warsaw [hereinafter referred to as the Issuer], in reference to the information provided in ESPI Current Report No. 42/2025 on November 3, 2025, regarding the conclusion of an agreement [hereinafter referred to as the Agreement] regarding the establishment of the basic terms of the transaction for the acquisition by the Issuer from Mr. Jarosław Tadla of all rights in the companies JJTA3 Real Properties LLC and JJTA12 Real Properties LLC, hereby announces to the public that no binding agreement regulating the acquisition of rights in the aforementioned entities was concluded within the timeframe agreed in the Agreement, i.e., by March 31, 2026, and furthermore that the Agreement expired on March 31, 2026.
The Issuer indicates that, as a result of the Issuer’s verification of the aforementioned entities, in particular the properties they own, the Management Board has decided not to pursue the acquisition of rights in JJTA12 Real Properties LLC, which owns the property operating under the name Jammes Rd Apartments.
Simultaneously, despite the expiration of the Agreement, the Management Board is still considering acquiring the rights in JJTA3 Real Properties LLC, which owns the property operating under the name Woodlands Apartments. However, the potential acquisition is contingent on a final positive verification of the entity, in particular the property itself, as well as renegotiation of the terms of its acquisition. If a decision is made to acquire the rights in JJTA3 Real Properties LLC, the Issuer’s Management Board will provide relevant information in a current report.
