Current Report No.: 35/2022
The Management Board of Boryszew S.A. (Company, Issuer), with reference to current report No. 8/2022 of 28 March 2022, advises that on 15 June 2022 the Management Board of Hutmen Sp. z o.o. a subsidiary based in Wrocław (Hutmen), concluded a final agreement with MS Inwestment Sp. z o.o. based in Warsaw on the sale of the real estate of Hutmen, located in Wrocław at Grabiszyńska street, surface area of ap. 19.2 ha, for PLN 116 850 000.00 (that is including the applicable tax on goods and services).
Payment of a portion of the price net price, i.e. the amount of PLN 95 000 000 will be made on 17 June 2022. The remainder of the price, i.e. the amount of PLN 21 850 000 will be made on 25 July 2022. Payment of the total price was secured by submission to execution of MS Inwestment Spółka z o.o. The property was released today.
The remaining terms of the final agreement are consistent with the standards generally applied in such agreements.
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.