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Conclusion of a significant contract by a subsidiary of Poznańska Korporacja Budowlana Pekabex S.A.

Conclusion of a significant contract by a subsidiary of Poznańska Korporacja Budowlana Pekabex S.A.

The Management Board of Poznańska Korporacja Budowlana Pekabex S.A. (“the Issuer”) informs that the Issuer’s subsidiary – Pekabex BET S.A. (“the Company”) received information today about the conclusion of an agreement (“the Contract”) with CTP Invest Poland Sp. z o.o. (“the Investor”), the detailed terms and conditions of which are set out below:

Subject of the Contract: complex construction of „turn-key” warehouse buildings with an acceptable function of non-burdensome production with social and office premises on the ground floor, technical premises, a guardhouse building, as well as technical infrastructure and land development in Iłowa.

The Contract value: 25 % of the revenues of the Pekabex Group according to the last published annual consolidated financial statements (in full percentages)

Works completion date: 31.07.2023

Warranty period: the Contract provides for a varied warranty period due to the scope of works, the longest period is 10 years

Statutory warranty period: Contract provides for a varied Statutory warranty period due to the scope of works, the longest period is 10 years

Performance bond: 10% of the net Contract value

Retention bond: 5 % of the net Contract value

Limit of contractual penalties which may be imposed on the Company: 10 % of the Contract value

The possibility of claiming supplemental compensation: yes

Other terms and conditions of the contract deviating from those typical for this contract type: no

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.

150 150 Pekabex - budownictwo prefabrykowane

sekretariat

Dominika Chojnacka
+ 48 661 353 037
Emilia Dopieralska
+ 48 691 084 127
info.gw@pekabex.com

sprzedaż

+48 695 200 470
info.gw@pekabex.com

Główny Specjalista ds. BHP

Tomasz Kożuch
+48 695 951 429
tomasz.kozuch@pekabex.com

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