Investor Relations

Legal basis: Legal basis: Article 70(3) of Act on Public Offering – AGM List with above 5 per cent

The Management Board of Develia S.A. (“the Issuer” or “the Company”), pursuant to Article 70(3) of the Act on Public Offering and Conditions for Introducing Financial Instruments into Organised Trading System and on Public Companies, hereby presents a list of shareholders holding at least 5 per cent of vote at the Company’s Extraordinary General Meeting convened on 8 January 2020.

1. NATIONALE-NEDERLANDEN OFE:

Number of votes attaching to shares held at the General Meeting: 81,545,000, which as at 08/01/2020 entitled to exercise 27.98 per cent of voting rights and constituted 18.22 per cent of total vote.

2. OFE PZU “ZŁOTA JESIEŃ”:

Number of votes attaching to shares held at the General Meeting: 77,195,000, which as at 08/01/2020 entitled to exercise 26.48 per cent of voting rights and constituted 17.25 per cent of total vote.

3. AVIVA OTWARTY FUNDUSZ EMERYTALNY AVIVA SANTANDER:

Number of votes attaching to shares held at the General Meeting: 53,462,839, which as at...

Legal basis: Legal basis: Art. 56(1)(2) of the Act on Public Offering – current and periodic information

The Management Board of Develia S.A. (“the Issuer” or “the Company”) inform that the Extraordinary General Meeting of the Company, which was held on 8 January 2020, decided that the Issuer’s Supervisory Board be composed of seven members and subsequently, appointed Mr Artur Osuchowski as Member of the Supervisory Board from 8 January 2020.

According to information and declarations submitted, the new Supervisory Board Member consented to stand as the candidate and declared that he satisfied the criteria set for independent Supervisory Board Members. Furthermore, the new Supervisory Board Member stated that he was not engaged in any activity which competed with Develia S.A., did not participate in any business which was a Company’s competitor as a partner in a private or other partnership, or as a member of a governing body of a company, or in another competitive legal person as a member of its governing body.

Information regarding the new Supervisory Board Member’s...

Legal basis: Legal basis: Art. 56(1)(2) of the Act on Public Offering – current and periodic information

The Management Board of Develia S.A. (“the Issuer”) discloses the content of resolutions (enclosed herewith) adopted by the Extraordinary General Meeting of Develia S.A. on 8 January 2020.

The Extraordinary General Meeting of the Company did not refrain from considering any of the items on the agenda proposed, all draft resolutions which were put to the vote were adopted, no objections against any of the resolutions were recorded in the minutes.

Legal basis: Article 56(1)(2)(a) of the Act on Public Offering and Conditions for Introducing Financial Instruments into Organised Trading and on Public Companies in connection with Section 19(1)(6–9) of the Regulation of the Minister of Finance of 29 March 2018 on Current and Periodic Information Published by Issuers of Securities and on Conditions for Regarding Information Required by Law of Non-Member State as Equivalent (Dziennik Ustaw [Journal of Laws] of 2018, item 757).

Legal basis: Legal basis: Article 17(1) of MAR – inside information

The Management Board of Develia S.A. (“the Issuer”) informs about premises sold and delivered by companies of the Develia Group in 2019:

I. 2019 saw the sale of 1,510 premises – under development and preliminary agreements in the form of notarial deeds (residential premises, upon having obtained certificates of occupancy, and retail premises; in 2018, it was – 1,710) excluding agreements terminated.

Furthermore, 227 reservation agreements that are expected to convert into development agreements in near future were concluded.

II. Delivered premises (final sales agreements) which will be disclosed in the 2019 result – 1,964 (in 2018 – 2036).

This information will be used for publications in the press.

This information, according to the Issuer’s Management Board, constitutes inside information within the meaning of Article 17(1) of the European Parliament and of the Council (EU) No 596/2014 of 16 April 2014 on market abuse.

Legal basis: Art. 56(1)(2) of the Act on Public Offering – current and periodic information

The Management Board of DEVELIA S.A. (“the Issuer” or “the Company”) inform that they have received today, i.e. on 30 December 2019, a notice from an Issuer’s shareholder, MetLife Otwarty Fundusz Emerytalny, saying that Mr Artur Osuchowski has been put forward as a candidate for a member of the Issuer’s Supervisory Board, in connection with the Extraordinary General Meeting of the Issuer convened on 8 January 2020. According to information received and declarations submitted, Mr Artur Osuchowski has consented to stand as a candidate and declared that he satisfied the criteria set for independent Supervisory Board Members.

In addition to information on the name of candidate, the Issuer has also received his résumé, declarations and consent to stand as a candidate for the Supervisory Board of the Company. A brief CV of the candidate has been attached hereto.

Legal basis: Article 56(1)(2)(a) of the Act on Public Offering and Conditions for Introducing Financial Instruments...

Legal basis: Legal basis: Article 17(1) of MAR - inside information

The Management Board DEVELIA S.A. (“the Issuer”), inform that on 23/12/2019 the Company, acting as the Purchaser, entered into a sales agreement in the form of a notarial deed, under which the right of perpetual usufruct to real estate located in Warsaw at Podskarbińska street, together with the right of ownership to the building erected thereon (“the Real Estate”), was purchased from an entity which was not related to the Issuer. The area of the land property disposed of as part of the transaction is 7.6467 ha. The price for the Real Estate amounted to PLN 133,000,000.00 net, plus VAT at a rate of 23 per cent, i.e. an amount of PLN 163,590,000.00 gross. Taking into account the Issuer’s equity criteria, the sales agreement was considered to be of great significance.

The Company intends to use the Real Estate for an investment project with approx. 1,260 residential premises. It is envisaged that sales for this investment project will commence in Q1 2021.

This report has been...

Legal basis: Legal basis: Article 17(1) of MAR - inside information

The Management Board of DEVELIA S.A. (“the Issuer” or “the Company”) inform that on 20 December 2019 the Company – as the Purchaser – entered into a sales agreement in the form of a notarial deed, under which the right of ownership to land of the area of 0.5339 ha, situated at Letnicka street in Gdańsk,  together with other benefits set out in the agreement, was purchased from an entity which was not related to the Company for a price of PLN 9,046,086.00 (say: nine million forty-six thousand eighty-six Polish Zlotys) net plus VAT at a rate of 23 per cent, i.e. an amount of PLN 11,126,685.78 (eleven million one hundred twenty-six thousand six hundred eighty-five and 78/100 Polish Zlotys) gross.

The Issuer further inform that on 20 December 2019 the Company, acting as the Purchaser, entered into a conditional sales agreement in the form of a notarial deed, under which the right of ownership to land of the area of 0.0839 ha, situated at Letnicka street in Gdańsk, together...

Legal basis: Legal basis: Art. 56(1)(2) of the Act on Public Offering – current and periodic information

With reference to Current Reports Nos. 45/2019 and 46/2019 of 11 December 2019, the Management Board of DEVELIA S.A. (“the Issuer”) inform that today, i.e. on 18 December 2019, it has received, pursuant to Article 401(1) of the Commercial Partnerships and Companies Code, from MetLife Otwarty Fundusz Emerytalny, on behalf of which MetLife Powszechne Towarzystwo Emerytalne S.A., based in Warsaw, acts as a shareholder representing more than one-twentieth of the Issuer’s share capital – holding 34,528,295 shares in the Issuer’s share capital, which accounts for 7.71% of the total number of votes at the General Meeting of DEVELIA S.A., a motion of 18 December 2019 to add specific items on the agenda of the Extraordinary General Meeting of the Issuer, convened on 8 January 2020 (“the Motion”).

The Motion has been put forward with a view to putting the following points on the agenda:

1. Adopting a resolution on the change of number of Supervisory Board members;
2. Adopting a...

Legal basis: Legal basis: Article 17(1) of MAR - inside information

With reference to Current Report no. 37/2019 of 24 September 2019, the Management Board of Develia S.A. (“the Company”) inform that on 18 December 2019, a subsidiary wholly owned by the Company: Warszawa Przyokopowa Spółka z ograniczoną odpowiedzialnością (“WP”), acting as the seller (hereinafter referred to as “the Seller”) and a company controlled by Hines European Value Fund SCSp, based in Luxembourg, i.e. Wola Center Spółka z ograniczoną odpowiedzialnością, acting as the purchaser (formerly under a business name Gisla Sp. z o.o.)(hereinafter referred to as “the Purchaser”, with the Seller and the Purchaser being hereinafter jointly referred to as “the Parties”), made an amendment to a preliminary sales and purchase agreement (“the PSPA”) under a transaction concluded between companies (“the Transaction”) and concerning the sale of the perpetual usufruct right to parcels of land located at 33 Przyokopowa Street in Warsaw, including the right of...

Legal basis: Legal basis: Article 17(1) of MAR – inside information

The Management Board of DEVELIA S.A. (“the Issuer” or “the Company”) inform that on 12/12/2019 the Company – as the Purchaser – entered into a sales agreement in the form of a notarial deed, under which the right of perpetual usufruct to real estate having the area of 0.4968 ha, situated at Jagiellońska street in Warsaw, together with other benefits set out in the agreement, was acquired from an entity which was not related to the Company for a price of PLN 21,200,000 (say: twenty-one million two hundred thousand Polish Zlotys) net plus VAT at a rate of 23 per cent, i.e. an amount of PLN 26,076,000 (twenty-six million seventy-six thousand Polish Zlotys) gross.

The Company intends to use the said real property for an investment project with approx. 150 residential premises. It is envisaged that sales for this investment project will commence in Q4 2020.

This report has been published due to the fact that the event in question is of relevance to the Company's...