Acquisition of Real Property by Issuer

Report number 8/2020

Legal basis: Legal basis: Article 17(1) of MAR - inside information


In relation to Current Report no. 50/2019 of 20/12/2019, the Management Board of Develia S.A. (“the Issuer” or “the Company”) inform that in view of the Gdańsk Municipality failing to exercise the pre-emption right it had under Article 109(1)(1) of the Real Estate Management Act of 21 August 1997, on 10 February 2020, the Company – as the Purchaser – entered into a purchase agreement in the form of a notarial deed, under which the right of ownership to land of an area of 0.0563 ha, located at Letnicka street in Gdańsk, together with other benefits set out in the agreement, was purchased for a price of PLN 953,914.00 net (say: nine hundred fifty-three thousand nine hundred fourteen Polish Zlotys and 00/100), plus VAT at a rate of 23 per cent, i.e. an amount of PLN 1,173,314.22 gross (one million one hundred seventy-three thousand three hundred fourteen Polish Zlotys and 22/100).

The Company intends to use the said real estate and the real estate the purchase of which was communicated by the Company in Current Report 50/2019 of 20/12/2019 for an investment project with approx. 160 residential premises.

This report has been published due to the fact that the event in question is of relevance to the Company's business.

According to the Issuer, this Current Report constitutes inside information within the meaning of Article 7 of the MAR.

Legal basis: Article 17(1) in conjunction with Article 7(1a), (2), (3) and (4) of the Regulation of the European Parliament and of the Council (EU) No. 596/2014 of 16 April 2014 on market abuse (the Market Abuse Regulation) repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC (“the MAR”) in relation to Article 2 and 3 of the Commission Implementing Regulation (EU) 2016/1055 of 29 June 2016 laying down implementing technical standards with regard to the technical means for appropriate public disclosure of inside information and for delaying the public disclosure of inside information in accordance with Regulation (EU) No. 596/2014 of the European Parliament and of the Council.