Current report no: 8/2022
The Management Board of Boryszew S.A. (Company, Issuer), following the current report no 53/2021 of 17 December 2021, advises that on 28 March 2022 the Management Board of Hutmen Sp. z o.o. a subsidiary based in Wrocław (Hutmen), concluded a preliminary 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 95 million net. The final agreement will be concluded by 31 July 2022 and will be preceded by a number of formal and technical actions typical for this type of transaction.
As at 28 February 2022, the book value of the aforementioned property along with buildings and structures located on it amounts to PLN 44.5 million.
Given the above, the sale of the above mentioned property will significantly impact the results of Boryszew Group.
The Issuer will announce the conclusion of the Final Agreement in a subsequent current report.
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.