Quotation
Stock Exchange reports
Legal basis: Article 17(1) of MAR - inside information
With reference to the Current Report No. 46/2021 of 13 August 2021, the Management Board of Develia S.A. (the “Issuer”) inform that today they have been advised by the attorney-in-fact representing the Issuer that on 22 September 2021 the President of the Polish Office of Competition and Consumer Protection (“UOKiK”) granted unconditional consent to concentration as part of which a joint venture is to be created by the Issuer and Grupo Lar Holding Polonia sp. z o.o., with its registered office in Warsaw, (“Grupo Lar”).
Accordingly, the Issuer inform about fulfilling one of the conditions precedent set out in a joint venture co-operation agreement aimed at carrying out housing projects in Warsaw, which was entered into with Grupo Lar and CGLS sp. z o.o. sp.k., with its registered office in Warsaw, on 13 August 2021.
The Issuer will give information regarding further transaction-related activities in subsequent current reports.
The information on obtaining the UOKiK...
Legal basis: Article 56(1)(2) of the Act on Public Offering - current and periodic information
The Management Board of DEVELIA S.A. (“the Issuer”), with reference to the Current Report No. 47/2021 of 02 September 2021, inform that today, i.e. 17 September 2021, the Supervisory Board of the Issuer, acting under authorisation granted through the Resolutions Nos. 32 and 35 adopted by the Ordinary General Meeting on 30 June 2021, which the Issuer informed about in the Current Report No. 36/2021 of 30 June 2021, have carried a resolution on the approval of the consolidated text of the Issuer’s Articles of Association, incorporating changes resulting from the Resolutions Nos. 32 and 35 mentioned above.
The consolidated text of the Issuer’s Articles of Association, approved by the Supervisory Board, is attached to this Current Report.
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 (Dziennik Ustaw [Journal of Laws] of 2005, No. 184, item 1539 as amended) in...
Legal basis: Article 17(1) of MAR - inside information
The Management Board of DEVELIA S.A. ("Issuer") informs that on 13.09.2021 a subsidiary of the Issuer - Sky Tower S.A. ("ST" or "Seller") - in which the Issuer holds 100% of shares entitling to 100% of votes at the general meeting, concluded with Olimp Investment spółka z ograniczoną odpowiedzialnością with its registered office in Warsaw, a subsidiary of an alternative investment fund managed by Adventum Group (the "Purchaser") a preliminary agreement for the sale of a 79.55% interest in the ownership title to the property developed with a mixed-use building known as Sky Tower, located in Wrocław at 95 Powstańców Śląskich Street, with a total area of approximately 23,798 m2 (the "Sky Tower Share") (the "Preliminary Agreement"). The remainder of the Sky Tower Share, i.e. 20.45%, will be held by the owners of the separate premises in the Sky Tower building.
The price for the Sky Tower Share has been set on a debt-free and cash-free basis at EUR 84,420,000.00, which will be...
read more...Legal basis: Article 17(1) in conjunction with Article 17(4) of MAR - inside information
Acting pursuant to Article 17(1) in conjunction with Article 17(4) of the Regulation of the European Parliament and of the Council (EU) No. 596/2014 of 16 April 2014 on market abuse and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC (the “MAR”), and having considered the fact that the grounds for delay in the disclosure of inside information ceased to exist, the Management Board of Develia S.A. (the “Issuer”) are disclosing the inside information the disclosure of which to the public was delayed by the Issuer on 19 February 2021 under Article 17(4) of the MAR.
The wording of the inside information the disclosure of which was delayed:
The Management Board of the Issuer inform that on 19 February 2021 an Issuer’s subsidiary, Sky Tower S.A. (“ST”), in which the Issuer holds 100% of shares and 100% of votes at the subsidiary’s general meeting under voting rights attaching to...
read more...Legal basis: Article 17(1) of MAR - inside information
With reference to the Current Report No. 13/2020 of 5 March 2020, the Management Board of Develia S.A. (“the Issuer”) inform that they consider the issue of bonds under the Issuer’s bond issue programme up to the total amount (nominal value) of issued and outstanding bonds of PLN 400,000,000.
Subject to satisfactory conditions on the debt securities market, the Issuer will issue bonds to which the following parameters apply:
- Maturity of the bonds will be up to three years;
- The bonds will be issued as unsecured bonds;
- The bonds will be issued by offering them for purchase pursuant to Article 33(1) of the Act on Bonds of 15 January 2015, in such a manner that the Issuer will not be required to make a prospectus or information memorandum;
- The bonds will be introduced to trading in an alternative trading system operated by Giełda Papierów Wartościowych w Warszawie S.A. (Warsaw Stock Exchange);
- The Issuer will be entitled only to pecuniary consideration for the bonds, which will...
Legal basis: Article 17(1) of MAR - inside information
In connection with the H1 2021 consolidated quarterly report, the publication of which has been scheduled for 8 September 2021, the Management Board of Develia S.A. (“the Issuer”) inform that:
I.
The Develia S.A. Group have recognised in financial results for H1 2021 amounts resulting from a substantial change in the EUR exchange rate and having a significant impact on the gross profit (loss) within the period, i.e.:
- For H1 2021 cumulatively (a period from 01/01/2021 to 30/06/2021):
- A decrease in the fair value of investment property, the valuation of which is made in EUR and translated into PLN, in the amount of PLN 18,208,000. This amount will be disclosed in the consolidated statement of comprehensive income under “Profit/(Loss) on Investment Property”;
- A decrease in the measurement of loan liabilities resulting from loans taken out in EUR for the construction of investment property in the amount of PLN 8,426,000. This amount will be disclosed in the consolidated statement...
Legal basis: Legal basis: Article 56(1)(2) of the Act on Public Offering- current and periodic information
With reference to the Current Report no. 2/2021 of 13 January 2021, the Management Board of Develia S.A. (“the Issuer”) inform that the date of publication of the Issuer’s consolidated semi-annual report for H1 2021 has been changed. The publication date for the aforesaid report was originally fixed in the Current Report no. 2/2021 for 10 September 2021. A new date of publication of the report has been rescheduled for 8 September 2021.
Other publication dates for periodic reports in 2021 remain unchanged.
Legal basis: Article 56(1)(2) of the Act on Public Offering and Conditions for Introducing Financial Instruments into Organised Trading and on Public Companies (Dziennik Ustaw [Journal of Laws] of 2005, No. 184, item 1539 as amended) in connection with Section 80(2) 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...
read more...Legal basis: Article 56(1)(2) of the Act on Public Offering – current and periodic information
The Management Board of DEVELIA S.A. (“the Issuer”) inform that on 2 September 2021 they learned that
the District Court for Wrocław-Fabryczna, the 6th Commercial Division of the National Court Register, has
registered amendments to the Issuer’s Articles of Association resulting from Resolutions nos. 32 and 35, which were adopted by the Regular General Meeting on 30 June 2021.
Also, the Management Board of the Issuer would like to announce the amendments to the Issuer’s Articles
of Association made pursuant to Resolutions nos. 32 and 35 of the Regular General Meeting which was
held on 30 June 2021, as communicated by the Issuer in the Current Report no. 36/2021 of 30 June
2021:
Article 7
Previously reading as follows:
„1. The Company’s share capital totals PLN 447,558,311.00 (say: four hundred forty seven million, five hundred fifty eight thousand, three hundred eleven zloty) and is divided into:
- 500,000.00 (say: five hundred thousand) series A ordinary bearer shares with...
read more...Legal basis: Article 17(1) of MAR - inside information
The Management Board of Develia S.A. (the “Issuer”) inform that on 13 August 2021 the Issuer made with Grupo Lar Holding Polonia sp. z o.o., with its registered office in Warsaw (“Grupo Lar Holding Polonia”), and CGLS sp. z o.o. sp.k., with its registered office in Warsaw (“Lar Management Polonia”) – i.e. subsidiaries belonging to a Spanish group of companies Grupo Lar (the “Partners”), a joint venture cooperation agreement with a view to carrying out housing projects in Warsaw and setting up several investment companies which will be the owners of rights and obligations arising out of property development projects (the “JV Agreement”). In principle, the JV Agreement was entered into under terms and conditions set out in the “Memorandum of Understanding of a joint venture in the Polish real estate sector” made by the Issuer, Grupo Lar Holding Polonia and Lar Management Polonia on 11/06/2021, which was communicated by the Issuer in the Current Report no....
read more...Legal basis: Article 17(1) in conjunction with Article 17(4) of MAR - inside information
Acting pursuant to Article 17(1) in conjunction with Article 17(4) of the Regulation of the European Parliament and of the Council (EU) No. 596/2014 of 16 April 2014 on market abuse and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/ WE (the “MAR”), and having considered the fact that the grounds for delay in the disclosure of inside information ceased to exist, the Management Board of Develia S.A. (the “Issuer”) are disclosing the inside information the disclosure of which to the public was delayed by the Issuer on 8 June 2021 under Article 17(4) of the MAR.
The wording of the inside information the disclosure of which was delayed:
The Issuer’s Management Board inform that on 8 June 2021 the Issuer made with two entities which are not related to the Issuer (the “Partners”) the Memorandum of Understanding of joint venture co-operation with a view to carrying out housing projects...
read more...