ROBYG SA Number and Date of the Current Report:
Current Report no. 100/2015 dated 8 October 2015 Subject of the Current Report:
ROBYG S.A. - Conclusion of a purchase agreement regarding land by a company belonging to the capital group of ROBYG S.A.
Legal basis:
Article 56 Section 1 point 2 of the act on public offerings and the terms and conditions of introduction of the financial instruments to the organized system of trading and on public companies in connection with the article 5 section 1 point 1 and 2 of the regulation of the Minister of Finance dated 19 February 2009 regarding current and interim reports published by issuers of securities and the terms of considering information required by any non-member state as equivalent.
Contents of the Current Report:
The Management Board of ROBYG S.A. with its seat in Warsaw (the 'Company'), hereby announces that on 8 October 2015 OVERKAM 7 QUBE Spółka z ograniczoną odpowiedzialnością SPV 13 Spółka Komandytowo - Akcyjna with its seat in Warsaw (the 'Purchaser'), being a company, in which the Company holds 100% of shares in the share capital, entered into the purchase agreement with Wilamar Sp. z o.o. with its seat in Warsaw regarding the land located in Warsaw, Wilanów district with a total area of approx. 33 thousand square meters and part of the 1769/4739 share in the ownership of real estate with a total area of approx. 47 thousand square meters for the purposes of future investment projects of the Purchaser. The land has residential and commercial designation.
The total net purchase price for the land is PLN 52,200,000.00 and the source of financing are proceeds of the Purchaser derived from the financing granted by the Company coming from their equity, whereas the book value of the said land constitutes the purchase price net increased by the transaction costs.
The Company estimates that the real property allows for the construction of app. 700 units.
The said land has been recognised as the material asset and the said purchase agreement as the material agreement due to their value exceeding the 10% of the value of the share capitals of the Company.
Signatures of the Management Board:
Artur Ceglarz - Vice-President of the Management Board of ROBYG S.A. Eyal Keltsh - Vice-President of the Management Board of ROBYG S.A.
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