The Management Board of Poznańska Korporacja Budowlana Pekabex S.A. (“the Issuer”) informs that the Issuer’s subsidiary –Pekabex Bet S.A. (“the Company”) has concluded a contract today with MDR Sianów sp. z o.o. with its seat in Warsaw (“the Customer”, sole shareholder of the Customer is Fundusz Sektora Mieszkań dla Rozwoju Fundusz Inwestycyjny Zamknięty Aktywów Niepublicznych whose body is PFR Towarzystwo Funduszy Inwestycyjnych S.A. with its seat in Warsaw, which in turn is part of Polish Development Fund Group), the detailed terms and conditions of which are set out below:
Subject of the contract: construction of seven residential, multi-family 4-storey buildings with accompanying infrastructure on a plot of land located in Sianów at ul. Słowackiego
Contract value: 4% of the revenues of the Pekabex Group according to the last published annual consolidated financial statements (in full percentages)
Start date: 7 days from the date of conclusion of the contract
Completion date: 24 months from the date of conclusion of the contract
Warranty period: 5 years
Statutory warranty period: 5 years
Performance bond: 10% of the contract value
Retention bond: 10% of the contract value
Limit of contractual penalties which may be imposed on the contractor: none
The possibility of claiming supplemental compensation: yes
Other terms and conditions of the contract deviating from those typical for this contract type: none
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.