2017 Current Reports EN

The Management Board of CPD S.A. (the “Issuer”) announces that on July 25, 2017, Issuer’s subsidiaries, Gaston Investments sp. z o.o. with seat in Warsaw as the general partner and Challange Eighteen sp. z o.o. with seat in Warsaw as the limited partner concluded the final sell of all rights and obligations of the general partner and a limited partner in 14/119 Gaston Investments spółka z ograniczoną odpowiedzialnością sp.k. with seat in Warsaw (the “Limited Partnership”).

The transaction value is 5 mln PLN.

Following the transaction, CPD SA and its subsidiaries do not hold shares in 14/119 Gaston Investments spółka z ograniczoną odpowiedzialnością sp.k.

 

Legal basis:

Article 17.1 MAR – Inside information

 

Signatures of persons representing the Company:

Elżbieta Donata Wiczkowska, President of the Board, 25 July 2017

Management Board of CPD S.A. (the “Issuer”, “Company”) referring to the current report no. 26/2017 dated June 29, 2017, would like to inform that on 13 July 2017 the Issuer through the Dom Maklerski Bank Ochrony Środowiska S.A. with its registered office in Warsaw (“DM BOŚ”) redemption of all bearer bonds series B i.e. 30 000 (thirty thousand) bonds with the nominal value of 1000 (one thousand) zlotys each (the “Bonds”)

Bonds were redeemed (acquired) on the basis of pt. 11.4 of the Terms of Issue of Ordinary Bearer Bonds series B (“Issue Conditions”) for redemption, which results from the exercise of the right of premature redemption at the Issuer’s request on the basis of the relevant provisions of the Terms of Issue.

The average unit price paid for the purchase of one Bond is 1,060.13 (one thousand sixty 13/100) PLN which consists of 1,000 (one thousand) PLN paid for nominal value, 15.00 (fifteen) PLN paid as premium and 45.13 (forty five 13/100) PLN paid for interest, in accordance with point 11.4 of the terms and conditions of issue bonds.

Legal basis:                                           

Article 17.1 MAR – Inside information, Art. 56 sec. 1 pt. 2) of the Act of 29 July 2005 on public offering, in connection with § 5 sec. 1 pt. 6 of the Regulation of the Minister of Finance of 19 February 2009 on current and periodic information

Signatures of the persons entitled to representation:

Elżbieta Donata Wiczkowska, President of the Board, 14 July, 2017

Management Board of CPD S.A. with its registered office in Warsaw (the “Issuer”, “Company”) would like to inform that on 28 June 2017 the Management Board adopted the resolution on the premature full redemption of bonds series B at the request of the Issuer (the “Resolution”).

In accordance with the Resolution, the Company shall complete the premature redemption (the “Premature Redemption”) of all bearer bonds series B i.e. 30 000 (thirty thousand) bonds with the nominal value of 1000 (one thousand) zlotys each (the  “Bonds”). Premature Redemption shall be completed in the mode and under the terms and conditions as prescribed in par. 11 of the Terms of Issue of Ordinary Bearer Bonds series B (the “Terms of Issue”).

The date of Premature Redemption was fixed in accordance with par. 11.5 of the Terms of Issue i.e. at 13 July 2017.

In connection with the Premature Redemption, the Bond holders shall be entitled to the following benefits per each Bond:

a)    monetary benefit consisting in the payment of the Amount of the Premature Redemption in accordance with the Terms of Issue i.e. the amount constituting the product of the number of Bonds subject of the Premature Redemption and their nominal value, increased by the due and unpaid interest on the Bonds;

b)    monetary benefit consisting in the payment of the premium in the amount of the product of 0.5% of the nominal value of the Bonds and each complete 6 months (calculated as 182 days) left for the initial redemption date, i.e. 13 January 2019.

Bonds are recorded in the register maintained by the Brokerage House Dom Maklerski Banku Ochrony Środowiska Spółka Akcyjna with its registered office in Warsaw (”DM BOŚ”). Premature redemption of the Bonds shall be effected through DM BOŚ.

The Premature Redemption shall be effected by the transfer of funds to the securities’ account of the Bond holder through DM BOŚ and the entity maintaining the said account.

 

Legal basis:

Article 17.1 MAR – Inside information

 

Signatures of the persons entitled to representation:

Elżbieta Donata Wiczkowska, President of the Board, 29 June, 2017

Management Board of CPD S.A. (hereinafter the Company) would like to inform that on 29 June 2017 the agreement for the performance of the construction works by the general contractor (the “Agreement”) was signed as part of the URSA-PARK investment project by and between 4/113 Gaston Investments spółka z ograniczoną odpowiedzialnością sp.k.(”4/113 Gaston”), as the Ordering Party and UNIBEP S.A.

The investment project constitutes a joint construction venture consisting in the realization jointly with Unidevelopment S.A. of the complex of multifamily buildings with commercial services and related infrastructure. The company informed in its current reports 3/2017 and 4/2017 on the conclusion of the investment agreement concerning the realization of the Investment Project.

At the same time in view of the fact that there is no need to obtain the consent of the President of the Office for Protection of Competition and Consumers for Unidevelopment S.A. to join 4/113 Gaston Investment spółka z ograniczoną odpowiedzialnością sp.k. for the purposes of realization of the Investment Project, currently the parties to the investment agreement are in the process of negotiation of formal amendments to the said investment agreement.

Subject matter of the agreement consists in the realization of the Investment Project i.e. the construction of the residential complex covering 3 residential buildings with the underground garage and development of the area. Works are realized in two stages and as part of the Agreement the realization of the I stage was commissioned covering the construction of two residential buildings with the underground garage. There will be a total of 189 apartments and 10 commercial premises and 236 parking spaces in the 7-storey high buildings realized as part of this stage.

4/133 Gaston may at any time, however not later than 2 months prior to the planned commencement of the construction works, adopt a decision on the realization of the II stage of the Investment Project by notifying UNIBEP S.A. of the same in writing.

Commencement of the realization of the I stage is scheduled for III quarter of 2017 and the completion thereof for IV quarter of 2018. And the time limit for completion of the construction works as part of the II stage was set as 16 months starting from the date of their commencement.

Remuneration for the completion of the I stage amounts to approx. 40.2 million zlotys net. And the remuneration for the realization of II stage, in the case where it is commissioned for realization by the Ordering Party, has been set at approx.. 33.4 million zlotys net.

Agreement provides for the possibility to charge UNIBEP S.A. with contractual penalties among others for delays in the realization of the Agreement as well as to withdraw from the Agreement by 14/119 Gaston under the terms and conditions specified in the Agreement and the penalties shall be charged independently. Stipulation of the contractual penalties shall not deprive 4/113 of the right to claim compensation increasing the amount of contractual penalties to the value of the actual damage under the general terms and conditions.

Other provisions of the Agreement, including in relation to the possibility of withdrawal from the agreement are in line with the standards commonly applied for these type of agreements.

 

Legal basis:

Art. 17 par. 1 MAR – Confidential Information

 

Signatures of persons representing the Company:

Elżbieta Donata Wiczkowska, President of the Management Board, 29 June 2017

The Management Board of CPD S.A. (the “Issuer”) announces that on June 28, 2017, Issuer’s subsidiaries, Gaston Investments sp. z o.o. with seat in Warsaw as the general partner and Challange Eighteen sp. z o.o. with seat in Warsaw as the limited partner concluded the final sell of all rights and obligations of the general partner and a limited partner in 11/162 Gaston Investments spółka z ograniczoną odpowiedzialnością sp.k. with seat in Warsaw (the “Limited Partnership”).

The transaction value is 15,5 mln PLN.

11/162 Gaston Investments spółka z ograniczoną odpowiedzialnością sp.k. has rights to perpetual usufruct of the property, situated in Ursus – district of Warsaw, at. Posag 7 Panien Street.

Following the transaction, CPD SA and its subsidiaries do not hold shares in 11/162 Gaston Investments spółka z ograniczoną odpowiedzialnością sp.k.

 

Legal basis:

Article 17.1 MAR – Inside information

 

Signatures of persons representing the Company:

Elżbieta Donata Wiczkowska, President of the Board, 28 June 2017