The Management Board of the Poznańska Korporacja Budowlana Pekabex S.A. _ “Issuer” _ informs that today Pekabex Bet S.A._100% subsidiary of the Issuer_has signed with CD Locum Inwestycje sp. z o.o. an agreement under which the Issuer has withdrawn a statement of withdrawal informed in current report 33/2017 of 21 July 2017 and resumed the execution of a significant contract for the execution of design work, production, delivery and assembly of prefabricated elements for the construction of reinforced concrete prefabricated construction of a multifunctional shopping, service and entertainment center “Old Dressage” including a cinema, one-storey underground car park and accompanying infrastructure located in Jarosław _ “Agreement”, concluded by the Issuer in the current report No. 21/2017 on 1 June 2017.
The parties agreed that securing payment of receivables from the Agreement will be a mortgage on the real estate of the entity affiliated with CD Locum Inwestycje sp. z o.o. up to PLN 8,739 thousand. and the surety of the entities related to CD Locum Inwestycje sp. z o.o. up to PLN 19,420 thousand. In addition, the agreement provides that the amount of the performance guarantee will be changed from PLN 1,942 thousand for the amount of PLN 971 thousand, as well as for the period of the first five years of the warranty period and the guarantee of the Agreement instead of the bank guarantee for the amount of 971 thousand. Pekabex Bet S.A. will provide CD Locum Investments sp. z o.o. a guarantee issued by the Issuer to the same amount.