The Management Board of Develia S.A. (“the Issuer”) inform about premises sold and delivered by companies of the Develia Group in Q1 2020:
I. Q1 2020 saw the sale of 311 premises – under development and preliminary agreements in the form of notarial deeds (residential premises, upon having obtained certificates of occupancy, and retail premises; in Q1 2019, it was 331 units) excluding agreements terminated.
Furthermore, 277 reservation agreements – the vast majority of which is expected to convert into development agreements in near future – were concluded.
II. Delivered premises (final sales agreements) which will be recognised in the results for Q1 2020 – 421 (in Q1 2019 – 1,163).
This information will be used for publications in the press.
This information, according to the Issuer’s Management Board, constitutes inside information within the meaning of Article 17(1) of the European Parliament and of the Council (EU) No 596/2014 of 16 April 2014 on market abuse.