23/2019 Conclusion of a final sale agreement rights to perpetual usufruct of a real estate owned by a subsidiary of the Issuer Imes Poland sp. z o.o.

In reference to current reports no. 1/2017 of January 30, 2017 and 9/2018 of February 22, 2018, the Management Board of CPD SA (“Issuer”) informs that September 18, 2019 the subsidiary company of the Issuer ie. IMES Poland sp. z o.o., with its registered office in Warsaw (“Company”) concluded a final agreement for sale of the right of perpetual usufruct of the real property consisting of plot No. 98/2, 2-09-09 with an area of 6,5203 m2, located in Warsaw, Ursus District, near Gierdziejewski Street (“Agreement”) to Ronson Development – City 3 sp. z o.o. sp. k. (“Purchaser”).

The Agreement was concluded as the implementation of preliminary and conditional purchase agreements, of which the Issuer informed in the current reports No. 1/2017 of January 30, 2017 and 9/2018 of February 22, 2018.

According to the provisions of the Local Master Plan, the real estate in majority is intended for services and multi-family housing.

The remaining provisions of the Agreements concluded by the Seller do not differ from the standards commonly applicable to this type of contracts.

 

Legal basis:

Article 17.1 MAR – Inside information

 

Signatures of persons representing the Company:

Elżbieta Wiczkowska, President of the Board, 18 September 2019