Conclusion of the contract pertaining to the disposal of real property by the Company
The Management Board of Polimex-Mostostal S.A. with its registered office in Warsaw at ul. Młynarska 42 ("Company") informs about the conclusion on 15 July 2014 of the conditional contract of sale of real property concluded between the Company as a seller and Molina spółka z ograniczoną odpowiedzialnością 6 S.K.A. as a buyer, the subject matter of which is the sale of the land properties located in Lublin at ul. Garbarska, for the net price of PLN 9,700,000 ("Conditional Contract").
The promised contract shall be concluded as a result of the fulfilment of the conditions provided for in the Conditional Contract, i.a. with regard to obtaining consent from the Company's creditors for the conclusion of the promised contract. The conclusion of the promised contract shall take place within 10 days from the fulfilment of the conditions provided in the Conditional Contract. The price shall be paid by the buyer to the escrow account of the seller.
The conclusion of the Conditional Contract is an element of operational restructuring realisation, of which the Company informed in current report no. 130/2012 on conclusion with financial creditors of the Agreement on the principles of managing the financial debt of the Company and constitutes performance of the Company's liabilities resulting from the annex to the Agreement on managing the financial debt, of which the Company informed in detail in current report no. 150/2013 dated 25 October 2013.