{"id":100432,"date":"2019-10-29T15:00:54","date_gmt":"2019-10-29T14:00:54","guid":{"rendered":"https:\/\/en.timsa.pl\/?p=100432"},"modified":"2019-10-29T15:00:54","modified_gmt":"2019-10-29T14:00:54","slug":"disposal-of-the-perpetual-usufruct-right-of-real-property-by-a-subsidiary-of-tim-sa-2","status":"publish","type":"post","link":"https:\/\/www.timsa.pl\/en\/disposal-of-the-perpetual-usufruct-right-of-real-property-by-a-subsidiary-of-tim-sa-2\/","title":{"rendered":"Disposal of the perpetual usufruct right of real property by a subsidiary of TIM SA"},"content":{"rendered":"

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Date<\/strong><\/h4>\n<\/td>\n

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2019-10-29<\/strong><\/h4>\n<\/td>\n<\/tr>\n

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Current report no.<\/strong><\/h4>\n<\/td>\n

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34\/2019<\/strong><\/h4>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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Management Board of TIM S.A. with its registered office in Wroc\u0142aw _ \u201cIssuer\u201d _, referring to current report No. 40\/2018 of 28 September 2018, notifies about the conclusion on 29 October 2019 by a subsidiary of the Issuer \u2013 3LP S.A. with its registered office in Siechnice _ \u201cSeller\u201d _ with the company PRW sp.z o.o. with its registered office in Wroc\u0142aw _ \u201cBuyer\u201d _, of a final agreement for the disposal of the perpetual usufruct right of a land property with the surface area of \u200b\u200b1.17 ha located in Wroc\u0142aw at ul. Stargardzka 8a and the ownership right to industrial and warehouse buildings erected thereon constituting a separate real property, for the total net price of PLN 6.5 million.
\nThe company PRW sp. z o.o. assumed the rights and obligations of the company IPD Po\u0142udnie sp.z o.o., resulting from the preliminary conditional sales agreement of the above real property concluded on 28 September 2018.
\nConclusion of the final agreement was effected as a result of fulfilment of the condition precedent contained in the preliminary conditional sales agreement of the perpetual usufruct right of real property, the conclusion of which has been notified by the Issuer in current report No. 40\/2018, consisting in the presentation of the declaration of the mortgage creditor on the consent to strike the mortgage entered in the land and mortgage register maintained for the above property.
\nManagement Board of TIM SA points that it has decided that the above information is confidential within the meaning of the definition contained in Art. 7 MAR due to the fact that the disposal of the real property, referred to above, shall affect financial results of TIM Capital Group.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
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SIGNATURES OF PERSONS REPRESENTING THE COMPANY<\/strong><\/h5>\n\n\n\n
2019-10-29, Krzysztof Folta \u2013 President of the Management Board
\n2019-10-29, Piotr Nosal \u2013 Member of the Management Board<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
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