Acquisition of Real Property by Issuer
Legal basis: Article 17(1) of MAR - inside information
With reference to Current Report No. 18/2021 of 08/05/2023, the Management Board of Develia S.A. (the “Issuer”) inform that today, i.e. 12 June 2023, an Issuer’s subsidiary, namely, Develia Wrocław S.A., based in Wrocław, as the Purchaser, entered into a sales agreement in the form of a notarial deed under which the right of ownership to real property located in Wrocław at Tadeusza Brzozy street – plots no. 50/42 and 50/57 (hereinafter collectively called the Real Property) – was purchased from an entity which was not related to the Issuer.
The area of the land property purchased as part of the transaction is 0.5743 ha for plot no. 50/42 and 0.5348 ha for plot no. 50/57. The net price for the Real Property amounted to PLN 32,400,000.00, plus VAT at a rate of 23 per cent, i.e. an amount of PLN 7,452,000.00.
The Company intends to use the Real Property for an investment project with approx. 338 residential premises to be built as multi-family residential development. It is envisaged that sales for this investment project will commence in Q4 2024.
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.
