2015 Current Reports EN

29/2015 Establishment of securities for the credit agreement

The Board of CPD SA (hereinafter the “Company”) informs that 21 December, 2015 the Company’s subsidiary, Smart City spółka z ograniczoną odpowiedzialnością spółka komandytowa established by collateral for repayment of debts Bank Zachodni WBK in connection with the loan agreement of 17 December 2015, designated to finance the Construction of a multi-family housing project Ursa Smart City Stage I at the junction of Hennela and Dyrekcyjna streets in Warsaw in the district of Ursus, of which the Company informed in current report no 28/2015.

Repayment security for the debts to the Bank’s claimsarising from the Agreement to beas follows mortgages on property and registered pledges on the rightsof corporateshareholders andsharesin the share capitalof the general partnerof the Borrower (Smart City sp. z o.o.) to be established in the near future.

Contractual mortgage is a collateral receivables of Bank Zachodni WBK SA the Loan up to the amount of 101.469.432 PLN and will be entered in first place in the land register of land located on the street T. Hennela in Warsaw district Ursus, now covering a plot of land marked with numbers 95/1, 95/2, 95/3, 95/4 and 95/5 on the area of 3.6811ha for which the District Court for Warsaw-Mokotów in Warsaw, XIII Department of Land Registry maintained perpetual paper No. WA1M / 00283122/2. Mortgage will ultimately burden the plot No. 95/4.

Establishing a mortgage security company Smart City spółka z ograniczoną odpowiedzialnością spółka komandytowa is an indirect subsidiary of the Company.

Agreement meets the criteria to consider it to be the material agreement due to the amount of the granted credit and value of the object of the security which exceeds 10% of the Company’s equity, pursuant to § 2 par. 1 of the Regulation of the Minister of Finance of 19 February 2009 on current and periodic information provided by the issuers of securities and conditions for recognition as equivalent of the information required under the provisions of law of the non-member state (the “Regulation”).

The Company and its subsidiaries as well as persons who manage or supervise the Company are not connected with the entity for the benefit of which the mortgage was established, pledgee (Bank Zachodni WBK S.A.) and its officers.

Legal basis:

§ 5 par. 1 subpar. 1 and § 5 par. 1 subpar. 3 of the Regulation of the Minister of Finance of 19 February 2009 on current and periodic information provided by the issuers of securities and conditions for recognition as equivalent of the information required under the provisions of law of the non-member state.

Signatures of persons authorized to represent the Company:

Elżbieta Wiczkowska, President of the Management Board, 19 December 2015

28/2015 Entering into credit agreement between Bank Zachodni WBK S.A. and subsidiary company Smart City spółka z ograniczoną odpowiedzialnością sp.k.

Management Board of CPD S.A. (hereinafter the “Company”) hereby announces that was informed that the credit agreement (hereinafter the “Agreement”) between the subsidiary company Smart City spółka z ograniczoną odpowiedzialnością spółka komandytowa which is the Company’s subsidiary and Bank Zachodni WBK S.A., entered into force and that under said Agreement Smart City spółka z ograniczoną odpowiedzialnością spółka komandytowa was granted credit in the maximum amount of PLN 65.146.288designated to finance the Construction of a multi-family housing project Ursa Smart City Stage I at the junction of Hennela and Dyrekcyjna streets in Warsaw in the district of Ursus (“Developer bank loan”).

Ursa Smart City constitutes the first stage of the Smart City project which will be constructed at the junction of Hennela and Dyrekcyjna streets and will comprise the total of four buildings with planned 356 apartments with the floor areas of between 32 and 102 m2. We will offer mainly two- and three-room apartments which continue to be the most popular among the clients. There will be commercial premises located on the ground floors of the buildings with the floor areas ranging from 19 to 103 m2, and parking place for 359 vehicles at the underground level. The investment project is the result of the cooperation between CPD S.A. and Unidevelopment S.A.

Repayment security for the debts to the Bank’s claimsarising from the Agreement to beas follows mortgages on property and registered pledges on the rightsof corporateshareholders andsharesin the share capitalof the general partnerof the Borrower(Smart City sp. z o.o.)to be establishedin the near future.

Bank loan shall be made available to the Borrower after the securities have been established and the normal conditions for availability have been met.

Final repayment of the Credit shall be effected on or before 17 September 2019. Due amounts shall be repaid in PLN, in accordance with the specific repayment schedule. With respect to the granted credit, the Subsidiary shall pay interest in accordance with the variable interest rate 1M WIBOR, increased by the Bank’s margin.

Agreement meets the criteria to consider it to be the material agreement due to the amount of the granted credit and value of the object of the security which exceeds 10% of the Company’s equity, pursuant to § 2 par. 1 of the Regulation of the Minister of Finance of 19 February 2009 on current and periodic information provided by the issuers of securities and conditions for recognition as equivalent of the information required under the provisions of law of the non-member state (the “Regulation”).

The Company and its subsidiaries as well as persons who manage or supervise the Company are not connected with the entity for the benefit of which the mortgage was established, pledgee (Bank Zachodni WBK S.A.) and its officers.

Legal basis:

§ 5 par. 1 subpar. 1 and § 5 par. 1 subpar. 3 of the Regulation of the Minister of Finance of 19 February 2009 on current and periodic information provided by the issuers of securities and conditions for recognition as equivalent of the information required under the provisions of law of the non-member state.

 

 

28/2015 Entering into credit agreement between Bank Zachodni WBK S.A. and subsidiary company Smart City spółka z ograniczoną odpowiedzialnością sp.k.

Management Board of CPD S.A. (hereinafter the “Company”) hereby announces that was informed that the credit agreement (hereinafter the “Agreement”) between the subsidiary company Smart City spółka z ograniczoną odpowiedzialnością spółka komandytowa which is the Company’s subsidiary and Bank Zachodni WBK S.A., entered into force and that under said Agreement Smart City spółka z ograniczoną odpowiedzialnością spółka komandytowa was granted credit in the maximum amount of PLN 65.146.288designated to finance the Construction of a multi-family housing project Ursa Smart City Stage I at the junction of Hennela and Dyrekcyjna streets in Warsaw in the district of Ursus (“Developer bank loan”).

Ursa Smart City constitutes the first stage of the Smart City project which will be constructed at the junction of Hennela and Dyrekcyjna streets and will comprise the total of four buildings with planned 356 apartments with the floor areas of between 32 and 102 m2. We will offer mainly two- and three-room apartments which continue to be the most popular among the clients. There will be commercial premises located on the ground floors of the buildings with the floor areas ranging from 19 to 103 m2, and parking place for 359 vehicles at the underground level. The investment project is the result of the cooperation between CPD S.A. and Unidevelopment S.A.

Repayment security for the debts to the Bank’s claimsarising from the Agreement to beas follows mortgages on property and registered pledges on the rightsof corporateshareholders andsharesin the share capitalof the general partnerof the Borrower(Smart City sp. z o.o.)to be establishedin the near future.

Bank loan shall be made available to the Borrower after the securities have been established and the normal conditions for availability have been met.

Final repayment of the Credit shall be effected on or before 17 September 2019. Due amounts shall be repaid in PLN, in accordance with the specific repayment schedule. With respect to the granted credit, the Subsidiary shall pay interest in accordance with the variable interest rate 1M WIBOR, increased by the Bank’s margin.

Agreement meets the criteria to consider it to be the material agreement due to the amount of the granted credit and value of the object of the security which exceeds 10% of the Company’s equity, pursuant to § 2 par. 1 of the Regulation of the Minister of Finance of 19 February 2009 on current and periodic information provided by the issuers of securities and conditions for recognition as equivalent of the information required under the provisions of law of the non-member state (the “Regulation”).

The Company and its subsidiaries as well as persons who manage or supervise the Company are not connected with the entity for the benefit of which the mortgage was established, pledgee (Bank Zachodni WBK S.A.) and its officers.

Legal basis:

§ 5 par. 1 subpar. 1 and § 5 par. 1 subpar. 3 of the Regulation of the Minister of Finance of 19 February 2009 on current and periodic information provided by the issuers of securities and conditions for recognition as equivalent of the information required under the provisions of law of the non-member state.

Signatures of persons authorized to represent the Company:

Elżbieta Wiczkowska, President of the Management Board, 19 December 2015

27/2015 Information about shareholders holding at least 5% of the voting rights at the Extraordinary General Meeting of CPD S.A. held on 24 November, 2015

The Management Board of CPD S.A. (“the Company”) hereby informs about shareholders holding at least 5% of the voting rights at the Extraordinary General Meeting of the Company held on 24 November, 2015.

List of shareholders holding at least 5% of the votes with number of votes held by each of them according to shares of the Company and an indication of their percentage share in votes represented at the Extraordinary General Meeting of the Company and in the total number of shares of the Company, is attached to the Report.

Shareholders list over 5%_EGM CPD S.A.

Legal basis:

Article 70 sec. 3 of the Act on Public Offering, Conditions Governing the Introduction of Financial Instruments to an Organized Trading and Public Companies, dated 29 July 2005.

Signatures of persons entitled to representation:

Elżbieta Wiczkowska, President of the Board, 30 November, 2015

26/2015 Appointment member of the Supervisory Board

The Management Board of CPD S.A. (“the Company”) informs, that on 24 November 2015 the Extraordinary General Meeting of the Company appointed Ms. Gabriela Gryger as a member of the Supervisory Board of the current term of office from 24 November 2015.

Information about the education, qualifications and the professional career of members of the Management Board are set out in the appendix to this report.

CV GABRIELA GRYGER

Legal basis:

§ 5.1.22 and § 28 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 nonmember state.

Signatures of persons entitled to representation:

Elżbieta Wiczkowska, President of the Board, 24 November 2015

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