Current Report No.: 23/2023
The Management Board of Boryszew S.A. (Issuer), further to the current report no 21/2023 of 29 May 2023 regarding the conclusion of the preliminary agreement on the sale of property by a subsidiary, advises that on 13 June 2023 its indirect subsidiary Eastside-Bis Sp. z o.o. with its seat in Warsaw (Eastside) concluded a final agreement with a natural person related to the Issuer (Buyer) on the sale of an office property located in Warsaw, at Foksal street No. 6 (Property), for the net amount of PLN 72.1 million.
The Buyer will pay a portion of the sales price in the amount of PLN 35 million by 15 June 2023. The remainder of the price will be paid by 15 June 2024.
Payment of the sale price was secured by the Purchaser’s submission to execution under Article 777 § 1(4) of the Code of civil procedure.
The transfer of ownership of the Property was completed on the date of the Agreement. In the agreement, Eastside undertook to obtain, until 31 May 2024, the consent of the mortgagor to remove the contractual mortgage from the land and mortgage register maintained for the Property.
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.