Title of the report: Conclusion of significant agreements regarding the purchase of real estate
Report number: Current report No. 6/2018
Conclusion of significant agreements regarding the purchase of real estate
Article 17 para. 1 MAR - confidential information.
Contents of the report:
The Management Board of ONICO SA ("Issuer") informs that on May 28, 2018, the Issuer concluded with the company CALVIAC VENTURES Limited with its registered office in Limassol, Republic of Cyprus:
1) a preliminary agreement on the purchase by the Issuer of two developed real estate and one undeveloped property, located in the town of Planta, the commune of Narewka, the Hajnówka poviat, the Podlasie voivodship
2) an agreement requiring the CALVIAC VENTURES Limited to transfer to the Issuer a claim against Terminal Integro Spółka z ograniczoną odpowiedzialnością based in Plan, secured by a mortgage established on a property located in Planta, Narewka commune, Hajnowski poviat, Podlasie voivodship, adjacent to real estate indicated in point 1 above.
In the area of the real estate there are, among others tanks and devices used to carry out activities related to the reloading and storage of LPG. Sections IV of land and mortgage registers, referred to in item 1 above, do not contain entries or mentions.
The conclusion of the promised sale contract of the real estate referred to in item 1 above depends on the fulfillment of the conditions precedent and limited in such a way that the conclusion of the final agreement can take place no earlier than on August 31, 2018 and no later than on September 30, 2018, with each of the Parties entitled to unilaterally extend the deadline until October 31, 2018. The real estate will be issued to the Issuer upon his request.
The disposing contract in the performance of the agreement obliging to transfer the mortgage claim, as a result of which the mortgage encumbered by the Issuer will be transferred to the Issuer, described in item 2 above, will be concluded on the day of signing the final agreement (property transfer agreement referred to in item 1 above) .
Information on the fulfillment or non-fulfillment of conditions precedent will be forwarded in the form of a current report immediately after the Issuer receives relevant information. The purchase price of the real estate and the mortgage claim exceeds the threshold of 15% of the Issuer's equity.
In the opinion of the Issuer's Management Board, signing a final agreement regarding the sale of real estate and a disposal agreement regarding the transfer of a mortgage will have a significant impact on the operations of the ONICO SA Capital Group because it will contribute to increasing the operational and logistic capabilities of the Company in the scope of trading in LPG.