The Board of Poznańska Korporacja Budowlana Pekabex S.A. _ “Issuer” _ hereby informs that today Pekabex Bet S.A. _100% subsidiary of the Issuer has withdrawn from the contract concluded with CD Locum Inwestycje sp. z o.o., the object of which was the execution of design works, production, delivery and assembly of prefabricated elements for the purpose of reinforced concrete prefabricated construction of multifunctional shopping, service and entertainment center “Old Dressage” including a cinema, one-storey underground car park and the accompanying infrastructure located in Jarosław – “Agreement”, which the Issuer informed in current report No. 21/2017 on June 1, 2017.
Withdrawal from the contract was due to the reason underlying the CD Locum Investments sp. z o.o., as a result of not establishing and not presenting Pekabex Bet S.A. a bank guarantee to be established under the Agreement CD Locum Inwestycje sp. z o.o. was obliged.
Pekabex Bet S.A. does not exclude the resumption of works in case of presentation by CD Locum Investments sp. z o.o. satisfactory security of payment to Pekabex Bet S.A.