Budimex.pl

Current report no 50 / 2021

Date: May 24, 2021 5:41 PM

Conclusion of a dispositive agreement on the disposal of shares of Budimex Nieruchomości Sp. z o.o.

In relation to current report No 42/2020 of 3 July 2020, report No 53/2020 of 28 August 2020, report No 57/2020 of 29 September 2020, report No 68/2020 of 24 November 2020, report No 73/2020 of 30 December 2020, report No 10/2021 of 15 February 2021, report No 11/2021 of 22 February 2021, report No 12/2021 of 22 February 2021, report No 13/2021 of 22 February 2021, report No 38/2021 of 29 April 2021 and report No 43/2021 of 13 May 2021, the Management Board of Budimex SA announces that on 24 May 2021 a dispositive agreement was signed regarding the disposal of all shares of Budimex Nieruchomości Sp. z o.o. with its registered office in Warsaw (“Shares”) to CP Developer S.ar.l. with its registered office in Luxembourg.

 

The price for the shares has been credited to the bank account of Budimex SA, thus the title to the shares has been transferred to CP Developer S.ar.l. with its registered office in Luxembourg.

 

As a result of the transaction, Budimex SA will recognise, in the separate financial statements, a pre-tax profit of around PLN 568 million. The value is PLN 187 million lower than the amount indicated in current report No 13/2021 due to the payment of dividend in this amount by Budimex Nieruchomości sp. z o.o., which has already been disclosed in the interim report of Budimex SA for the 1st quarter of 2021. In its consolidated financial statements, the Budimex Group will recognise a pre-tax profit of around PLN 667 million. The value is PLN 23 million lower than the amount indicated in current report No 13/2021 due to a change in the net asset value of Budimex Nieruchomości sp. z o.o. and consolidation adjustments made in the period from January to April 2021.

Shareholders
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Shareholdership structure as on 18.06.2020

GPWKNFRespect IndexSEGWIG Budownictwo
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