2017 Current Reports EN

The Management Board of CPD S.A. (hereinafter the “Company”), publishes the correction of the current report no 37/2017 dated on October 2, 2017. The correction consists of attaching to the current report revised version of the Invitation to Submit Proposals for the Sales of the Company’s shares, and such revised version of the Invitation attached to this correction replaces the Invitation published in the original 37/2017 Report and is the only binding Invitation to Submit Proposals for the Sales of the Company’s shares.

Management Board acting on the basis of Resolution no 3/9/2017 of the Management Board of the Company on the buy-back of the Company’s own shares, in connection with the Resolution No. 18 of the Annual General Meeting of CPD of 10 May 2017 on acquisition of the shares of the Company for the purpose of redemption, amended by the Resolution no 3 of the Extraordinary General Meeting of CPD S.A. of 7 June 2017 on the amendment of resolution no 18 of the Annual General Meeting of 10 May 2017 on the purchase of the shares of the Company for the purpose of redemption, would like to invite the Company’s shareholders to submit proposals for the sales of shares in accordance with the terms and conditions as specified in this Invitation to Submit Proposals for Sales of Shares.

On the basis of the Invitation to Submit Proposals for Sales of Shares, the Company intends to acquire not more than 1,401,792 (in words: one million four hundred one thousand seven hundred and ninety two) shares of the Company. The Management Board determined the Purchase Price for one share as the amount of PLN 12.27. (in words: twelve złotych twenty seven groszy).

Full content of the revised Invitation to Submit Proposals for the Sales of Shares constitutes the appendix hereto and shall be announced to public on the CPD SA’s website (www.cpdsa.pl).

Invitation to submit proposals for sales of shares CPD S.A

 

Legal basis:

§ 6.2 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 nonmembers of state.

 

Signatures of persons authorized to represent the Company:

Elżbieta Donata Wiczkowska, President of the Management Board, 3 October, 2017

Management Board of CPD S.A. (hereinafter the “Company”) with its registered office in Warsaw, acting on the basis of Resolution no 3/9/2017 of the Management Board of the Company on the buy-back of the Company’s own shares, in connection with the Resolution No. 18 of the Annual General Meeting of CPD of 10 May 2017 on acquisition of the shares of the Company for the purpose of redemption, amended by the Resolution no 3 of the Extraordinary General Meeting of CPD S.A. of 7 June 2017 on the amendment of resolution no 18 of the Annual General Meeting of 10 May 2017 on the purchase of the shares of the Company for the purpose of redemption, would like to invite the Company’s shareholders to submit proposals for the sales of shares in accordance with the terms and conditions as specified in this Invitation to Submit Proposals for Sales of Shares.

Full content of the Invitation to Submit Proposals for the Sales of Shares constitutes the appendix hereto and shall be announced to public on the CPD SA’s website (www.cpdsa.pl).

Invitation to submit proposals for sales of shares CPD

 

Signatures of persons authorized to represent the Company:

Elżbieta Donata Wiczkowska, President of the Management Board, 2 October, 2017

CPD Board S.A. (hereinafter referred to as “the Company”) publishes the consolidated quarterly report for the first quarter of 2017, published by the Company on May 29, 2017. Correction is a consequence changes in the accounting approach for transactions occurring in the first quarter of 2017:

1. Revenues form services auxiliary to investment property sales

the management performed the evaluation of risk and benefits transferred within the services auxiliary to sales of investment properties. As a result the management changed their assessment of related revenue recognition criteria for the amounts recorded in the first quarter of 2017. Consequently PLN 12 000 thousand together with subsequent amounts related to such services have been presented as received prepayments within trade payables in these condensed consolidated financial statements.

2. Bonds valuation at conversion

the management revised the transaction of conversion of bonds into shares. It has been decided to value the bonds together with the embedded derivative at fair value upon converting and reflect the result in the statement of comprehensive income. As a result related revaluation of PLN 5 600 thousand has been recognised as a financial cost of the first quarter of 2017.

The revised quarterly report of the CPD Group for the first quarter of 2017 covered by this report concerns:

– No 3. Selected Financial Data

– page 4 “Other income” together with note 18 on page 23

– page 4 “Financial Revenue” together with note 19 on pages 23-24

– page 4 “Financial Costs”

These changes have had a profound effect on the changes in positions:

– page 4 “Operating Result”

– page 4 “Pre-Tax Result”

– page 4 “Net result”

– page 4 “Total Revenue Period”

– page 4 “Loss attributable to equity holders of the parent”

– page 4 “Total net loss for the financial year attributable to the Company’s shareholders, including:

from continued activity

from discontinued activity “

– page 4 “BASIC PROFIT (LOSS) FOR 1 ACCOUNT IN PLN – together with note 24 on pages 25-26

– page 4 “DEVELOPED PROFIT (LOSS) FOR 1 ACCOUNT IN PLN”

– page 6 “Conversion of bonds during registration”

– page 6 “Trade liabilities and other liabilities” – together with note 10 on page 19

– page 6 “Built-in Derivative Instrument”

These changes have had a profound effect on the changes in positions:

– page 6 “Equity”

– page 6 “Total short-term liabilities”

– page 6 “Commitments together”

This report additionally introduces adjustments to the consolidated quarterly report of the CPD Group for the first quarter of 2017, relating to items – “Notes to the Condensed Consolidated Financial Statements:

– page 21 – Note 12 “Bonds issued”

– page 24 – Note 21 “Basic Operating Cash Flows”

Introduced accounting approach adjustments for transactions in the first quarter of 2017 had an impact on the CPD Group’s results presented after the first quarter of 2017. An important item in the adjustments made is the benefits of providing indirect services related to the sale of investment properties. As the sale of investment properties is based on conditional sales agreements, the Management Board at the date of publication of the current report is not in a position to determine whether the criteria for recognizing these revenues will be fulfilled in 2017.

A detailed summary of the adjustments to the consolidated quarterly report of the CPD Group for the first quarter of 2017 is presented in the appendix to this report.

Attachement to the Current Report 36_2017

Legal basis:

§ 6 sec. 4 of the Regulation of the Minister of Finance of 19 February 2009 on current and periodic information provided by issuers of securities and conditions for recognizing as equivalent information required by the laws of a non-member state of 19 February 2009 (Journal of Laws No. 33, item 259 with amendments)

Signatures of persons authorized to represent the Company:

Elżbieta Wiczkowska, President of the Management Board, 28 September 2017

The Management Board of CPD S.A. („the Company”), in reference to the current report No. 23/2017 from 14 July 2017, hereby announces that on 8 August 2017 the Company’s share capital was increased as a result of the registration of G series shares on the securities accounts of entitled persons and creation of rights from these shares according to the article 452 of the Commercial Code.

Consequently, the share capital of CPD S.A. was increased by the amount of 119,810.00 PLN to total amount of 3,935,402.30 PLN (in words: three million nine hundred thirty five thousand four hundred two złoty and thirty groszy). The increased share capital of CPD S.A. is divided into 39,354,023 (in words: thirty nine million three hundred fifty four thousand twenty three) shares with nominal value of 0,10 PLN (ten groszy) each, representing 100% of votes at the General Meeting of the Company.

Series G shares were issued as a result of exercising the rights to convertible bonds of Series A issued pursuant to Resolution No. 3 of the Extraordinary General Meeting of CPD S.A. Dated 5 August 2014, as part of the conditional increase of the share capital of the Company, which was registered by the District Court for the Capital City of Warsaw in Warsaw, XIII Commercial Division of the National Court Register, as of 16 September 2014, Current report no 24/2014.

 

Legal basis:

Art. 34.1.1 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 (Journal of Laws from 2009 No 33 item 259 with subsequent amendments).

 

Signatures of persons authorized to represent the Company:

Elżbieta Donata Wiczkowska, President of the Management Board, 8 September, 2017

In relation to current report No. 29/2017 from 28 August 2017, the Management Board of CPD S.A. („the Company”) hereby announces, that has received the communique of the Operational Department of the National Depositary of Securities (“National Depositary”), stating that in accordance with National Depositary’s resolution No 492/17 of 27 July 2017, the 1 198 100 G Series ordinary bearer shares of the Company, with ISIN code PLCELPD00013, shall be registered in the National Depositary on 7 August 2017.

 

Legal basis:

Art. 34.1.1 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 (Journal of Laws from 2009 No 33 item 259 with subsequent amendments).

 

Signatures of persons authorized to represent the Company:

Elżbieta Donata Wiczkowska, President of the Management Board, 4 August, 2017