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”) received information today about the conclusion of an agreement (“the Contract”) with CTP Invest Poland Sp. z o.o. (“the Investor”), the detailed terms and conditions of which are set out below:
Subject of the Contract: comprehensive “turn-key” execution with obtaining a final use permit for a warehouse building with an acceptable function of non-burdensome production with an area of approx. 31 482,81 m2 with social and office rooms along with the guardhouse building, fire pumping station building with a fire water tank, transformer station building, as well as technical infrastructure and land development in Kobyłka
The Contract value: 7 % of the revenues of the Pekabex Group according to the last published annual consolidated financial statements (in full percentages)
Works completion date: 29.11.2022
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: 10 % of the net Contract value
Retention bond: 5 % of the net Contract value
Limit of contractual penalties which may be imposed on the Company: 10 % 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: no
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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