6/2021 - Receipt of the sales price for the property in Wrocław

Further to Report no. 26/2018 and the to-date information published in periodical reports advising on the course of the sales transaction of the property situated at ul. Lotnicza 100, Wrocław (the “Property”) , the Management Board of Trakcja S.A. (the “Company”) hereby informs that the sales price for the Property has been paid today, which has taken place in the following manner:

• a part of the price in the amount of PLN 2,250,000.00 (two million two hundred fifty thousand ) was received by the Company,
• a part of the price in the amount of PLN 50,150,000.00 (fifty million one hundred fifty thousand ) was transferred by the buyer, that is, Lotnicza 100 spółka z o.o. (the “Buyer”) by wire transfer to the account of mBank S.A. (the “Bank”) with a view of repaying the whole of the Company’s debt obligations under a working capital credit (in the amount of PLN 50 million and interest), secured by a contractual joint mortgage established upon the Property which was the object of the sale (the “Mortgage”); this will enable the removal of the mortgage in question. The remaining amount after the repayment of the working capital credit liability shall be transferred by the Bank to the Company’s bank account.

Additionally, the Company will receive a portion of the price in the amount of PLN 600,000.00 (six hundred thousand) upon receipt by the Buyer of the Bank’s consent for the unconditional removal of the Mortgage established upon the Property.

 

The total sales price of the Property amounts to PLN 53,000,000.00 (fifty three million).

 

The Company’s Management Board has decided to have this information published, as it bears a material impact on the Company’s financial situation, including the decrease of its indebtedness.

 

 

Legal basis: Article 17 MAR

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