26/2018 - Conclusion of real property sale contract

The Management Board of Trakcja PRKiI S.A. ("Company") in connection with the consent granted on 30 November 2018 by the Extraordinary General Meeting of the Company for the sale of selected properties and in reference to the current report no. 20/2018, informs that on December 27, 2018 the Company signed a sale agreement based on which Trakcja PRKiI sold to Grupa Lotnicza 100 Spółka z ograniczoną odpowiedzialnością based in Wrocław:

right of perpetual usufruct in a real property situated at 100 Lotnicza Street in Wrocław constituting a plot of land no. 3/5 with an area of 13,1540 ha, a plot of land no. 3/4 with an area of 0,2546 ha, including the ownership of the buildings and installations located on plot of land no. 3/5 constituting a separate real estate,  for which the District Court for Wrocław - Krzyków in Wrocław, IV Land and Mortgage Register Department keeps the land and mortgage register number WR1K/00103043/5, for a price of PLN 53,000,000.00 (in words: fifty three million zlotys) gross, which will be paid to the bank account no later than September 29, 2019. The above transaction is exempt from payment of value added tax (VAT).

The Issuer's Management Board decided to publish this information, as sale transactions of the abovementioned real property will have a significant impact on financial results of the Issuer. The total book value of the above real estate in the Company's accounting books as at the date of the Sale Agreement amounted to PLN 2.8 million. The impact on the Company's financial result related to the above-described transaction will be recognized in the Company's annual financial statements.

Legal basis:

ART. 17 para. 1 MAR - confidential information.