With reference to the Current Report No. 46/2021 of 13 August 2021, the Management Board of Develia S.A. (the “Issuer”) inform that today they have been advised by the attorney-in-fact representing the Issuer that on 22 September 2021 the President of the Polish Office of Competition and Consumer Protection (“UOKiK”) granted unconditional consent to concentration as part of which a joint venture is to be created by the Issuer and Grupo Lar Holding Polonia sp. z o.o., with its registered office in Warsaw, (“Grupo Lar”).
Accordingly, the Issuer inform about fulfilling one of the conditions precedent set out in a joint venture co-operation agreement aimed at carrying out housing projects in Warsaw, which was entered into with Grupo Lar and CGLS sp. z o.o. sp.k., with its registered office in Warsaw, on 13 August 2021.
The Issuer will give information regarding further transaction-related activities in subsequent current reports.
The information on obtaining the UOKiK President’s decision on consent to the aforesaid concentration is, according to the Issuer, 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 Rozporządzenie 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.