Conclusion of a preliminary real estate sale agreement
Legal basis: Article 17 para. 1 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Regulation on market abuse) and repealing Directive 2003/6 / EC of the European Parliament and of the Council and Commission Directive 2003 / 124 / EC, 2003/125 / EC and 2004/72 / EC
The Management Board of "Polimex-Mostostal" SA with its registered office in Warsaw (the "Company") informs that today the Company as a seller has concluded a preliminary agreement for the sale of perpetual usufruct of real estate and property rights constituting a separate object of ownership of buildings on a property located in Gdańsk, for which the District Court Gdańsk-Północ in Gdańsk, III The Land and Mortgage Register Department keeps the land and mortgage register KW Nr GD1G / 00067464/0 ("Real Property") ("Preliminary Agreement").
Pursuant to the Preliminary Agreement, the total price for the Property is PLN 5,000,000 net ("Price").
The parties undertook, by 28 August 2019, to conclude a conditional contract for the sale of the Real Property ("Conditional Agreement").
Conclusion of a conditional agreement depends on the fulfillment of the conditions set out in the preliminary agreement, including: (i) conducting an analysis of the legal status of the Real Estate and recognition of the results of the analysis as satisfactory, (ii) obtaining corporate approvals, (iii) obtaining documents issued by all the creditors mortgages with collateral in the form of mortgages, consenting to the release from all mortgages and deleting them from the land and mortgage registers.
The parties have agreed that the conclusion of the contract transferring the Real Property in the performance of the Conditional Agreement will take place no later than on December 31, 2019.
The intention to dispose of the Real Property is in accordance with the agreements concluded with financial creditors regarding the principles of servicing the Company's financial debt.