Quotation
Stock Exchange reports
Legal basis: Article 70(1) of Act on Public Offering – acquisition or disposal of large block of shares
The Management Board of Develia S.A. (“the Issuer”) inform that pursuant to Article 69(1)(2) of the Act on Public Offering and Conditions for Introducing Financial Instruments into Organised Trading and on Public Companies of 29 July 2005 (“the Act”) it received on 18/06/2020 from Aegon Powszechne Towarzystwo Emerytalne S.A., with its registered office in Warsaw, the following notice:
“Aegon Powszechne Towarzystwo Emerytalne S.A., with its registered office in Warsaw, at ul. Wołoska 5, 02-675 Warszawa, registered by District Court for the Capital City of Warsaw, the 13th Commercial Division of the National Court Register (KRS), under a KRS No. 0000028767, representing Aegon Otwarty Fundusz Emerytalny, entered into the Register of Pension Funds maintained by Regional Court in Warsaw, the 7th Civil Division under a number RFe 13, hereby inform that:
Following a transaction consisting in the disposal of shares, made on 16 June 2020 and settled on 18 June 2020, Aegon Otwarty...
read more...Legal basis: Article 17(1) of MAR - inside information
The Management Board DEVELIA S.A. (“the Issuer”), inform that on 10/06/2020 the Company, acting as the Purchaser, entered into a sales agreement in the form of a notarial deed, under which the right of ownership to real estate located in Wrocław at Augustowska/Reszelska street (“the Real Estate”) was purchased from an entity which was not related to the Issuer. The area of the land disposed of as part of the transaction is 0.9234 ha. The price for the Real Estate amounted to PLN 3,200,000.00 net, partially plus VAT at a rate of 23 per cent, i.e. an amount of PLN 3,933,700.00 gross.
The Company intends to use the Real Estate for an investment project with approx. 83 residential premises. It is envisaged that sales for this investment project will commence in Q3 2022.
This report has been published due to the fact that the event in question is of relevance to the Company's business.
According to the Issuer, this Current Report constitutes inside information within the...
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 Company” or “the Issuer”) inform that today, i.e. on 14 May 2020, the Supervisory Board of the Company have adopted a resolution under which Management Board President’s duties will be entrusted for a temporary period to Mr Paweł Ruszczak, previously serving as Member of Management Board and CFO. He will take the new role as of 30 May 2020 and will act in his new capacity until the President of Management Board has been appointed.
A résumé detailing Mr Paweł Ruszczak’s professional career was published by the Company in Current Report no. 40/2019 and it is also available on the Company’s website.
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 connection with Section 5(5) of the Regulation of the Minister of Finance of 29 March 2018 on...
read more...Legal basis: Article 17(1) of MAR - inside information
Develia S.A.’s Management Board In conjunction with the consolidated quarterly report for Q1 2020, the publication of which has been scheduled for 14 May 2020, the “the Issuer”, informs that:
I.
The Develia S.A. Group have recognised in financial results for Q1 2020 amounts resulting from a substantial change in the EUR exchange rate and having a significant impact on the gross profit or loss within the period, i.e.:
- An increase in the fair value of investment property, the valuation of which is made in EUR and translated into PLN, in an amount of PLN 74,402,000. This amount will be disclosed in the consolidated statement of comprehensive income under “Profit/(Loss) on Investment Property”;
- An increase in the measurement of loan liabilities resulting from loans taken out in EUR for the construction of investment property in an amount of PLN 24,875,000. This amount will be disclosed in the consolidated statement of comprehensive income under “Financial expenses”.
The...
read more...Legal basis: Article 17(1) of MAR – inside information
The Management Board of Develia S.A. (“the Issuer”) inform about premises sold and delivered by companies of the Develia Group in Q1 2020:
I. Q1 2020 saw the sale of 311 premises - under development and preliminary agreements in the form of notarial deeds (residential premises, upon having obtained certificates of occupancy, and retail premises; in Q1 2019, it was 331 units) excluding agreements terminated.
Furthermore, 277 reservation agreements – the vast majority of which is expected to convert into development agreements in near future – were concluded.
II. Delivered premises (final sales agreements) which will be recognised in the results for Q1 2020 – 421 (in Q1 2019 – 1,163).
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.
rb_16_2020_03_04_eng.pdf Legal basis: Article 17(1) of MAR - inside information
Due to the spread of SARS-CoV-2 virus and the number of people being sick with COVID-19, and consequently, following the introduction of a state of epidemic threat within the Republic of Poland on 20/03/2020, the Management Board of Develia S.A. (“the Issuer” or “the Company”) – being guided by the recommendation of the European Sales and Marketing Association (ESMA) of 12 March 2020 – inform that the expected consequences of the pandemic may have a significant and possibly adverse impact on both the Company’s and its Group’s current operations, including on future performance and the accomplishment of the Management Board’s objectives published in the Current Report No. 5/2020 of 22/01/2020, i.e. specifically on:
- Revenue to be generated by shopping centres, which stems from the fact that Develia’s subsidiaries are the owners of two retail and services centres in Wrocław: "Arkady Wrocławskie” and “Sky Tower”, having considered administrative restrictions on...
Legal basis: Article 17(1) of MAR - inside information
In conjunction with the publication of the 2019 consolidated annual report, which has been scheduled for 12 March 2020, the Management Board of Develia S.A., “the Issuer”, inform that:
I.
The Develia Group have recognised in the 2019 financial results amounts resulting from a substantial change in the EUR exchange rate and having a significant impact on the gross profit or loss within the period, i.e.:
- For 2019 cumulatively (a period from 01/01/2019 to 31/12/2019):
- A decrease in the fair value of investment property, the valuation of which is made in EUR and translated into PLN, in an amount of PLN 18,056,000. 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 an amount of PLN 12,320,000. This amount will be disclosed in the consolidated statement of comprehensive...
Legal basis: Article 17(1) of MAR – inside information
The Management Board of Develia S.A. (“the Issuer”) inform that on 5 March 2020, the Issuer and mBank S.A. concluded an amendment to the programme agreement of 2 October 2018 (“the Programme Agreement”) under which the Issuer set up a bond issue programme for its bonds up to the total amount (nominal value) of issued and outstanding bonds of PLN 400,000,000 (“the Issue Programme”).
The amendment to the Programme Agreement is designed to adapt both the Programme Agreement and documentation relating to the Issue Programme to amended provisions of law that apply to the issue of bonds.
Bonds issued under the amended Issue Programme (“the Bonds”) will be tendered for purchase pursuant to Article 33(1) or (2) of the Bonds Act of 15 January 2015.
On the date of issue, the Bonds will be (i) registered in in the securities depository maintained by Krajowy Depozyt Papierów Wartościowych S.A. (the Central Securities Depository of Poland, “the KDPW”) or (ii) recorded in...
read more...Legal basis: Article 70(1) of Act on Public Offering – acquisition or disposal of large block of shares
The Management Board of DEVELIA S.A. (“the Issuer” or “the Company”) inform that on 24/01/2018 it received, pursuant to Article 69(2)(1)(a) and Article 69(4) of the Act on Public Offering and Conditions for Introducing Financial Instruments into Organised Trading and on Public Companies (“the Act”), a notice from Aviva Powszechne Towarzystwo Emerytalne Aviva Santander S.A. (“Aviva OFE”) saying that following the acquisition of the Issuer’s shares on 25 February 2020, Aviva OFE, holding at the time of the previous notice 10.221% of total vote in the Company, have increased their total vote share in the Company by at least 2% of the total vote.
Before the settlement of the aforesaid transactions, as at 26 February 2020, Aviva OFE held 54,507,246 (fifty-four million five hundred seven thousand two hundred forty-six) shares of the Company, accounting for 12.18% of the Issuer’s share capital (issued shares) and carrying the rights to 54,507,246 (fifty-four million...
read more...Legal basis: Article 17(1) of MAR – inside information
The Management Board DEVELIA S.A. (“the Issuer”), inform that on 27/02/2020 the Company, acting as the Purchaser, entered into a sales agreement in the form of a notarial deed, under which the right of ownership to real estate located in Wrocław at Orawska street (“the Real Estate”) was purchased from an entity which was not related to the Issuer. The area of the land disposed of as part of the transaction is 2.4272 ha. The price for the Real Estate amounted to PLN 29,500,000.00 net, plus VAT at a rate of 23 per cent, i.e. an amount of PLN 36,285,000.00 gross.
The Company intends to use the Real Estate for an investment project with approx. 440 residential premises. It is envisaged that sales for this investment project will commence in Q3 2022.
This report has been published due to the fact that the event in question is of relevance to the Company's business.
According to the Issuer, this Current Report constitutes inside information within the meaning of Article 7 of...
read more...