Current report no: 10/2022
Management Board of Boryszew S.A. (Issuer) following the current report no. 47/2021 of 8 November 2021 on the conclusion of a preliminary agreement on property acquisition by a subsidiary, advises hereby that on 6 April 2022 its subsidiary Eastside-Bis Sp. z o.o. with registered office in Warsaw (Eastside) concluded with Unipartner Sp. z o.o. with registered office in Warsaw a Final Agreement (Agreement) for the acquisition of an office property located in Warsaw at Foksal street No. 6 (Property), for the net amount of PLN 70 million.
The transaction price was determined on an arm’s length basis according to a valuation performed by an independent appraiser. Eastside made an advance payment of ap. 85% towards the price at the conclusion of the preliminary agreement. The transfer of the ownership title to the real estate and the payment of the balance of the price was made on the date of the Agreement. The remaining terms of the Agreement are consistent with the standards generally applied in such agreements.
The aforementioned transaction is implemented irrespective of the ongoing review of strategic options for selected groups of assets, of which the Issuer informed already, including in current report No. 32/2021 of 30 September 2021 and earlier reports.
Legal attitude: Article 17 section 1 MAR – Confidential information.
Signatures:
Wojciech Kowalczyk – President of the Management Board
Translation from the original Polish version.
In the event of differences resulting from the translation, reference should be made to the official Polish version.