Conclusion of 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. Czackiego 15/17 (“the Company”) informs of concluding on 7 April 2014 by the Company as a seller with two natural persons acting on behalf of the civil law partnership as a buyer of a Sale contract of (i) the perpetual usufruct right to the land located in Lublin at ul. Inżynierska 8R and Inżynierska 8 of the total area of 6,318 m2 and buildings and machines founded on that land, being under separate ownership for which Lublin-Zachód District Court in Lublin X Land and Mortgage Register Division maintains a land and mortgage register Kw. No. LUII/00126047/8, (ii) perpetual co-usufruct in the interest comprising 6318/22850 parts of the land located in Lublin identified as a plot no. 65/16 of the total area of 1.281 m2for which Lublin-Zachód District Court in Lublin X Land and Mortgage Register Division maintains a land and mortgage register Kw. No. LUII/00213235/0. The total sale price of the abovementioned rights amounts to PLN 3,097,602.25 (“Sale Contract”).
In accordance with the Sale Contract, the Company received part of the price in the amount of PLN 257,000 (PLN two hundred and fifty-seven thousand) before the conclusion of the Sale Contract, whereas the remaining amount, i.e. PLN 2,840,602.25 shall be transferred on the day of presenting the certified copy documenting the Sale Contract for the buyers. The subjects of the Sale Contract shall be released after the payment of price, however not later than until 10 April 2014.
The conclusion of the Sale Contract is an element of operational restructuring realisation, of which the Company informed in current report no. 130/2012 dated 22 December 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.