Acquisition of Real Property by Issuer’s Subsidiary
Legal basis: Article 17(1) of MAR - inside information
The Management Board of Develia S.A. (the “Issuer”) inform that today, i.e. on 12 December 2023, the Issuer’s subsidiary, Develia Warszawa spółka z ograniczoną odpowiedzialnością, based in Wrocław, as the purchaser, has entered into a sales agreement in the form of a notarial deed under which the right of ownership to a real property located in Warsaw at ul. Rokokowa, being a developed parcel of land no. 11/5, having an area of 3,555.00 sq. m, precinct 7-11-12, Bielany, and a developed parcel of land no. 11/4, having an area of 3,621.00 sq. m, precinct 7-11-12, Bielany, has been purchased for a total net price of PLN 13,950,000.00, plus Value Added Tax (VAT) due and payable, i.e. PLN 17,158,500.00 gross, from an entity, as the seller, which has not been related to the Issuer.
The Company intends to use the above real property for an investment project with approx. 38 residential premises to be built as single family development. It is envisaged that sales for this investment project will commence in Q2 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.
