The Management Board of Centrum Nowoczesnych Technologii Spółka Akcyjna with its registered office in Sosnowiec announces that its subsidiary Centrum Nowoczesnych Technologii Spółka Akcyjna spółka komandytowa (the "Seller") concluded a preliminary sales agreement on 06 August 2021 with the limited liability company with its registered office in Warsaw (the "Buyer") in connection with the development of the "Nowa 5 Dzielnica" investment in Kraków, the subject of which is an obligation to sell the property constituting plot of land no. 316/28 and the multifamily residential building currently under construction, with design number B6 at Wrocławska 53J with elements of landscape architecture, arranged green areas, necessary technical infrastructure and shares in co-perpetual usufruct of infrastructural property for a total price of PLN 56,385,800.00.
The final agreement will be concluded by March 31, 2022, subject to the possibility of rescheduling the date of the final agreement on the principles described in the preliminary agreement upon fulfilment or waiver by the Buyer of the conditions precedent: completion of all works free from material defects, confirmed by an acceptance protocol by the Seller, the Buyer and the General Contractor, preparation of a measurement certificate, obtaining an occupancy permit, obtaining consent of the General Contractor to transfer the construction works quality guarantee to the Buyer, obtaining consent of the issuer of a bank guarantee securing the construction works quality guarantee to transfer it to the Buyer, preparation by the General Contractor and submission of as-built documentation of the Building to the Seller.
The agreement contains adequate provisions for this type of transaction concerning security, assurances and representations of the Seller and the Buyer as well as the liability of the parties.
The Buyer stipulated the confidentiality of the Buyer's data due to regulations binding a parent entity over the Buyer.
Legal basis: Article 17 (1) MAR - confidential information.
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