Conclusion of a significant contract by a subsidiary of Poznańska Korporacja Budowlana Pekabex S.A.

The Management Board of Poznańska Korporacja Budowlana Pekabex S.A. (“the Issuer”) informs that the Issuer’s subsidiary – Pekabex Bet S.A. (“the Company”) has concluded a contract today with BIMs PLUS FHH Sp. z o.o. Warszawa Sp. k., the detailed terms and conditions of which are set out below:
Subject of the contract: construction of warehouse hall with accompanying infrastructure located in Kolonia Dybów
Contract value: 12% of the revenues of the Pekabex Group according to the last published annual consolidated financial statements (in full percentages)
Works completion date: 28.07.2022
Warranty period: the Contract provides for a varied warranty period due to the scope of works, the longest period is 10 years
Statutory warranty period: the Contract provides for a varied statutory warranty period due to the scope of works, the longest period is 10 years
Performance bond: 10% of the net contract value
Retention bond: 3% of the net contract value
Limit of contractual penalties which may be imposed on the contractor: 10% of the net contract value
The possibility of claiming supplemental compensation: yes
Other terms and conditions of the contract deviating from those typical for this contract type: none
The reason for deeming the Information material: The contract value exceeds 5% of the value of the Issuer’s consolidated equity according to the last published annual consolidated financial statements.