Current report no. 5/2021 Date of issue: 2021-01-28
Abbreviated name of the Issuer: DEKPOL S.A.
Subject: Conclusion of agreement on construction of production-storage halls in Gdańsk
Legal basis: Article 17 Section 1 MAR (Market Abuse Regulation) - inside information.
Content of report:
Following current report no. 36/202 dated 20th of November 2020 regarding arrangements concerning basic content of agreement on construction works, Management Board of Dekpol S.A. ("Issuer") announces, that on 28th of January 2021, Issuer's subsidiary - Dekpol Budownictwo Sp. z o.o. ("Dekpol Budownictwo") signed with PDC Industrial Center 134 Sp. z o.o. ("Ordering Party") an agreement on construction of storage-production halls in Gdańsk ("Agreement" and "Investment" respectively).
Investment will be proceeded in four stages. Deadline for implementation of the first and second stages was set on March and April 2021, respectively, and the dates for implementation of subsequent stages are specified in months from the possible receipt by Dekpol Budownictwo of confirmation of order for their implementation. The net remuneration for execution of the Agreement was set at approximately 10% of revenues of the Issuer's Capital Group for 2019, including approximately 7% for stage I and II (converted at the EUR exchange rate as at 28th of January 2021).
Agreement contains provisions regarding contractual penalties due in case of delays in execution of each stage of the Agreement. Contractual Parties have right to demand the payment of a contractual penalty in the amount of 10% of remuneration value in the event of withdrawal from the Agreement. The total amount of contractual penalties may not exceed 10% of remuneration. Moreover, the Ordering Party is entitled to claim supplementary compensation on general terms.
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