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

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 z L.I. Invest Company Sp. z o.o. with its seat in Syców (“The Purchaser”), the detailed terms and conditions of which are set out below:

Subject of the contract: Construction of a retail park in Kępno (5 service buildings with retail area of up to 2000 m2 and 1 food service building) with car parks, manoeuvring roads, internal installations and advertising pylon

Contract value: 4% of the revenues of the Pekabex Group according to the last published annual consolidated financial statements (in full percentages)

Works start date: 02.11.2021

Works completion date: 31.07.2022

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: Contract provides for a varied statutory warranty period due to the scope of works, the longest period is 10 years

Performance bond: none

Retention bond: 2,5% of the contract value

Limit of contractual penalties which may be imposed on the contractor: 20 % of the 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.

150 150 Pekabex - budownictwo prefabrykowane
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