2011 Current Reports EN

27/2011 First draw-down of the loan for the realization of the IRIS project in Warsaw

The Management Board of CELTIC PROPERTY DEVELOPMENTS S.A. (“The Company”) hereby announces that today has been informed by its subsidiary company Belise Investments Sp. z o.o. concerning the first draw-down of the investment loan and VAT loan granted by Bank Zachodni WBK S.A. on the basis of the Loan Agreement signed 12 August 2011. The Company has previously declared the above agreement in the current report No. 20/2011 on 12 August, 2011.

The above means that Belise Investments sp. z o.o. has completed conditions necessary to drawdown the loan and the first payment was booked today. The investment loan and the VAT loans were granted with regard to the realization of the office building IRIS, located at 9, Cybernetyki street, in Warsaw.

Legal basis: Art. 5.1.3 and 5.1.4 of the Decree of Minister of Finance dated 19th of February 2009 on current and periodic information published by issuers of securities and conditions for recognizing as equivalent information required by law of non-member state.

Signatures of the persons entitled to representation:
1. Andrew Morrison Shepherd, President of the Management Board, 20 December 2011
2. Christopher Bruce, Member of the Management Board, 20 December 2011.

26/2011 Change of the name of the subsidiary company

The Management Board of CELTIC PROPERTY DEVELOPMENTS S.A. (“The Company”) announces that today it was informed that the subsidiary company Liliane Investments sp. z o.o. with a registered office in Warsaw (company registered in the National Court Register under the number 0000246186) has received the decision of the District Court for the Capital City of Warsaw in Warsaw, XII Commercial Division of the National Court Register, regarding the registration of the change of the company name from Liliane Investments sp. z o.o. to Celtic Asset Management sp. z o.o.

Legal basis:
Article 56.1.2 of the Act on Public Offering, Conditions Governing the Introduction of Financial Instruments to an Organized Trading and Public Companies, dated 29 July 2005 – Current and periodical information.

Signatures of the persons entitled to representation:
1. Christopher Bruce, Member of the Board, 8 December 2011
2. Elżbieta Wiczkowska, Member of the Board, 8 December 2011

25/2011 Change of the name of the subsidiary company

The Management Board of CELTIC PROPERTY DEVELOPMENTS S.A. (“The Company”) announces that today it was informed that the subsidiary company Celtic Asset Management sp. z o.o. with a registered office in Warsaw (company registered in the National Court Register under the number 000238964) has received the decision of the District Court for the Capital City of Warsaw in Warsaw, XII Commercial Division of the National Court Register, regarding the registration of the change of the company name from Celtic Asset Management sp. z o.o. to KMA sp. z o.

Legal basis:
Article 56.1.2 of the Act on Public Offering, Conditions Governing the Introduction of Financial Instruments to an Organized Trading and Public Companies, dated 29 July 2005 – Current and periodical information.

Signatures of the persons entitled to representation:
1. Christopher Bruce, Member of the Board, 24 November 2011
2. Aled Rhys Jones, Member of the Board, 24 November 2011

24/2011 Payment of the interim dividend against expected dividend from profits of the year 2011

The Management Board of CELTIC PROPERTY DEVELOPMENTS S.A. (“The Company”) announces that it has approved an interim cash dividend payment of 3.406.825,20 PLN or 0,10 PLN gross per share against expected dividend from profits of the year 2011.

A total of 34 068 252 B series bearer shares is entitled to the payment of the interim dividend. The interim dividend payment will be made on 23 December 2011 to all Company’s shareholders registered on 15 December 2011.

The Management Board of Celtic Property Developments S.A. informs that the Company has the adequate financial resources for the interim dividend payment.

The interim dividend payment is consistent with Art. 349 § 2 of the Code of Commercial Companies as well as with the § 15 section 4 of the Company Statutes, i.e.:

– the annual financial statements of Celtic Property Developments S.A. on 31 December 2010 shows the net profit of 23.563 thousands PLN for the period from 1st January 2010 to 31 December 2010;

– the half-year financial statements of Celtic Property Developments S.A. on 30 June 2011 shows the net profit of 11.579 thousands PLN for the period from 1st January 2011 to 30 June 2011. Financial statements were audited by PricewaterhouseCoopers
sp. z o.o, registered audit company No. 144.

The Supervisory Board of Celtic Property Developments S.A. has approved on 22 November 2011 the payment of the interim dividend according to the Company Management Board proposal.

Legal basis:
Art. 38 section 1 point 11 of the Decree of Minister of Finance dated 19th of February 2009 on current and periodic information published by issuers of securities and conditions for recognizing as equivalent information required by law of non-member state.

Signatures of the persons entitled to representation:
1. Andrew Morrison Shepherd, President of the Management Board, 23 November 2011
2. Christopher Bruce, Member of the Board, 23 November 2011

23/2011 Registration of the Company’s new address in the National Court Register

Following the information presented in the current report 22/2011 published on 28 September 2011, the Management Board of CELTIC PROPERTY DEVELOPMENTS S.A. (The Company) hereby announces that today was informed that on 4 November 2011 the District Court for the Capital City of Warsaw in Warsaw, XII Commercial Division of the National Court Register has issued the decision about the registration of the Company’s new address, i.e. ul. Cybernetyki 7B, 02-677 Warszawa.

Legal basis: Article 56.1.2 of the Act on Public Offering, Conditions Governing the Introduction of Financial Instruments to an Organized Trading and Public Companies, dated 29 July 2005 – Current and periodical information.

Signatures of the persons entitled to representation:
1. Elżbieta Donata Wiczkowska, Member of the Board, 17 November 2011
2. Christopher Bruce, Member of the Board, 17 November 2011

Disclaimer

The information on this website is the property of CPD S.A. It must not be duplicated in any format

Contact Us

CPD S.A.
ul. Cybernetyki 7b
02-677 Warszawa
tel.: +48 22 321 05 00
fax: +48 22 321 05 01
e-mail: info@cpdsa.pl